GROSSE POINTE FARMS, Mich., Aug. 05, 2022 (GLOBE NEWSWIRE) — Saga Communications, Inc. (Nasdaq – SGA) reported today that net revenue increased 6.3% to $29.8 million for the quarter ended June 30,
2022 compared to $28.0 million for the same period last year. Station operating expense increased 3.7% for the quarter to $21.8 million compared to the same period last year. For the quarter,
station operating income increased 10.6% to $9.3 million and operating income was $5.4 million compared to $4.6 million for the same quarter last year. Free cash flow was $3.2 million for the
quarter compared to $4.2 million for the same period last year. Capital expenditures for the quarter were $2.6 million compared to $921 thousand for the same period last year. Capital expenditures
for the quarter included the $1.1 million purchase of a building in Norfolk, VA that will replace our…
