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Saga reports Q3 revenue down slightly
Radio division revenue was basically flat, from $28 million last year to $27,885,000 in this year's third quarter. Station operating expenses (slightly over $20 million) and operating income (of about $7.9 million) were unchanged. The suburban Detroit-based Saga Communications, which owns radio stations, TV stations and radio networks, says its free cash flow was also essentially flat.
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