GROSSE POINTE FARMS, Mich. (AP) — GROSSE POINTE FARMS, Mich. (AP) — Saga Communications Inc. (SGA) on Thursday reported a loss of $1.6 million in its first quarter.
The Grosse Pointe Farms, Michigan-based company said it had a loss of 25 cents per share. Losses, adjusted for non-recurring costs, were 14 cents per share.
The broadcasting company posted revenue of $24.7 million in the period.
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Saga Communications, Inc. is a media company engaged in acquiring, developing, and operating broadcast properties with a focus on opportunities complimentary to its core radio business, including digital, e-commerce and non-traditional revenue initiatives. The Company owns or operates broadcast properties in about 27 markets, including 79 frequency modulation (FM), 31 amplitude modulation (AM radio stations and 78 metro signals. The radio stations that it owns and/or operates employ a variety of programming formats, including Classic Hits, Country, Classic Country, Hot/Soft/Urban Adult Contemporary, Oldies, Classic Rock, Rock, and News/Talk. It operates in markets, including Asheville, Bellingham, Brattleboro, Bucyrus, Champaign, Charleston, Charlottesville, Clarksville, Columbus, Des Moines, Harrisonburg, Hilton Head Island, Jonesboro, Manchester, and Milwaukee, among others.