Saga says Q4 revenues were up 7.4%

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Saga Communications has postponed its full Q4 results announcement and conference call by a week from next Tuesday to March 15th due to the illness of a key financial staffer’s family member. However, the company had issued some preliminary financial data.


Net revenue was up 7.4% to $34.1 million in Q4. Operating income was up 35.7% to $9 million (excluding any charge yet to be determined for impairment of intangible assets) and free cash flow increased 8.7% to $7.2 million. The company did not break out results for its radio and television divisions.

For all of 2010 Saga saw revenues rise 5.8% to $127.8 million. Operating income gained 48.6% to $27.8 million (likewise excluding any charge yet to be determined for impairment of intangible assets) and free cash flow was up 10% to $21.1 million.