For years, Wall Street watchers and stock market amateurs were told not to look quarter-to-quarter with respect to a company’s earnings and, instead, to look year-over-year for the most accurate assessment of the company’s fiscal health.
As far as the radio industry is concerned, COVID-19 has erased this unwritten rule, based on the results presented on Tuesday by Beasley Media Group and by Saga Communications on Wednesday.
Saga’s Q3 saw a swing to a net loss from net income, year-over-year, but its CEO said it hasn’t “burned through” any investor dollars while turning his attention to Saga’s local direct prowess.
