Sector: Consumer Cyclicals | Industry: Broadcasting |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 73 Kercheval Ave GROSSE POINTE FARMS MI 48236 |
Tel: | 1-313-8867070 |
Website: | https://sagacom.com |
IR: | See website |
Key People | ||
Christopher S. Forgy President, Chief Executive Officer, Director | Samuel D. Bush Chief Financial Officer, Senior Vice President, Treasurer | Catherine A. Bobinski Senior Vice President - Finance, Chief Accounting Officer, Corporate Controller |
Wayne Leland Senior Vice President of Operations | Marcia K. Lobaito Company Secretary, Director |
Business Overview |
Saga Communications, Inc. is a broadcast company. The Company is primarily engaged in acquiring, developing, and operating broadcast properties. The Company owns approximately 79 frequency modulation (FM), 34 AM radio stations, and 80 metro signals serving over 27 markets, including Asheville, Bellingham, Brattleboro, Bucyrus, Champaign, Charleston, Charlottesville, Clarksville, Columbus, Des Moines, Greenfield, Harrisonburg, Hilton Head Island, Ithaca, Jonesboro, Keene, Manchester, Mitchell, Norfolk, Ocala, Northampton, Portland, Spencer, Springfield, and Yankton. The radio stations that the Company owns and/or operates employ a variety of programming formats, including Classic Hits, Adult Hits, Top 40, Country, Country Legends, Mainstream/Hot/Soft Adult Contemporary, Pure Oldies, Classic Rock, and News/Talk. Its stations broadcast primarily in small to mid-size markets. |
Financial Overview |
For the fiscal year ended 31 December 2023, Saga Communications Inc revenues decreased 2% to $112.8M. Net income applicable to common stockholders increased 3% to $9.4M. Revenues reflect Broadcast Advertising Revenue, net segment decrease of 5% to $94.2M. Net income reflects Corporate general and administrative decrease of 21% to $9.9M (expense), Interest income increase from $410K to $1.4M (income). |
Employees: | 589 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $102.00M as of Dec 31, 2023 |
Annual revenue (TTM): | $112.77M as of Dec 31, 2023 |
EBITDA (TTM): | $14.13M as of Dec 31, 2023 |
Net annual income (TTM): | $9.35M as of Dec 31, 2023 |
Free cash flow (TTM): | -$8.85M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 6,263,236 as of Mar 2, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |