Saga’s year up, quarter down


Both radio and television were down a bit in Q4 at Saga Communications, with combined revenues down 1.9% to 37.5 million due to the lack of political advertising. Saga had 2.4 million in political in Q4 of 2006, but only 852K in the most recent quarter. For the full year, though, Saga’s revenues were up 0.8% to 114 million. Excluding political, that would have been a gain of 2.3%.

For Q4, same-station radio revenues were down 1.5% to 32.7 million and operating income declined 3.5% to 9.2 million. For TV, revenues declined 9.9% to 4.5 million and operating income was off 35.1% to 931K.