Saga Communications, Inc. Reports Preliminary Q4 and Year-End 2010 Results
March 04, 2011 3:02 PM
Saga Communications, Inc. (NYSE: SGA) today announced that it will postpone the release of its 4th quarter and year-end 2010 earnings release and conference call due to health related issues of a family member of one of the key members of its accounting department that resulted in delays in the finalization of certain of the Company's year-end analysis.
The Company reported preliminary results including an increase in net revenue of 7.4% for the quarter ended December 31, 2010 to $34.1 million. For the same period, operating income increased 35.7% to $9.0 million (excluding any charge for impairment of intangible assets) and free cash flow increased 8.7% to $7.2 million.
For the year ended December 31, 2010, preliminary results include an increase in net revenue of 5.8% to $127.8 million. Operating income increased 48.6% to $27.8 million (excluding any charge for impairment of intangible assets). Free cash flow increased 10.0% to $21.1 million.
