Saga Communications, Inc. today reported free cash flow increased 11.3% to $5.5 million for the quarter ended September 30, 2015.
- Net revenue decreased 1.6% to $33.8 million.
- Station operating expense decreased $2.0 million to $24.3 million
- Operating income increased 14.0% to $6.5 million.
- Net income for the period was $3.1 million
- Free cash flow increased 3.2% to $14.7 million.
During the quarter the Company closed on it purchases of 4 FM and 2 AM radio stations serving the Harrisonburg, VA radio market. The total purchase price was $11.0 million.
