Saga Communications Inc. (SGA)

Saga Communications, Inc., a broadcast company, engages in the acquisition, development, and operation of radio and television stations in the United States. Its radio stations offer various programming formats, including classic hits, adult contemporary, classic rock, news/talk, country, and classical. The company’s television stations comprise CBS, ABC, Fox, Univision, NBC, MYTV, and Telemundo affiliates. Saga Communications also develops local programming, including a local news franchise in its television markets. As of December 31, 2007, the company owned or operated 91 radio stations, 5 television stations, 4 low-power television stations, and 5 radio information networks serving 26 markets. Saga Communications was founded in 1986 and is headquartered in Grosse Pointe Farms, Michigan.

For the nine months ended 30 September 2006, Saga Communications, Inc.'s revenues decreased 1% to $104.7M. Net income increased 1% to $8.8M. Revenues reflects decreased revenues from the Radio segment. Net income reflects a decreased station operating expense due to reduced selling & commission expenses directly attributable to the decrease in revenue, the presence of other income vs. an expense and a decrease in provision for income taxes.