BNET Industries
Market Cap:$46.3M
Last Fiscal Year Sales:$139.9M
- Public
- US
Dow Jones Description
Saga Communications, Inc. is a broadcast company whose business is primarily devoted to acquiring, developing and operating radio stations, television stations and state radio networks. Saga currently owns or operates broadcast properties in 26 markets, including 59 FM and 30 AM radio stations, 3 state radio networks, 2 farm radio networks, 5 television stations and 4 low power television stations. Saga's strategy is to operate top billing radio and television stations in mid sized markets, defined as markets ranked (by market revenues) from 20 to 200. Saga's radio stations employ a myriad of programming formats, including Classic Hits, Adult Contemporary, Active Rock, Oldies, News/Talk, Country and Classical. Saga's television stations are affiliated with CBS and Fox in Joplin, MO; CBS in Greenville, MS; ABC, Fox, NBC, Telemundo and Univision in Victoria, TX. In operating its stations, Saga concentrates on the development of strong decentralized local management, which is responsible for the day-to-day operations of the stations in their market area and is compensated based on their financial performance as well as other performance factors that are deemed to effect the long-term ability of the stations to achieve financial objectives. Saga began operations in 1986 and became a publicly traded company in December 1992. The stock trades on the New York Stock Exchange under the ticker symbol "SGA".
Number of Employees 871
Contact Information
73 Kercheval Ave
Grosse Pointe Farms, Michigan 48236
(313) 886-7070
Peer Companies
NAICS Code Radio Stations: 515112
Recent Events
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Profits for Saga, owner of 'KLH, drops 19%
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Saga Communications, Inc. Announces Date and Time of 3rd Quarter 2009 Earnings Release and Conference...
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Dialing Down: Saga, Radio One, Entravision
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Saga Communications, Inc. Announces Date and Time of 2nd Quarter 2009 Earnings Release...
News & Analysis
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saga communications inc. - All News and Analysis
Radio Industry: Off-Air Revenue Soars, Despite Overall Slump
Seeking Alpha
- 2008-09-11
Marketing Charts submits: Off-Air (non-spot) revenue has surpassed last year’s midyear forecast by the Radio Advertising Bureau [RAB], and is expected to approach $2B by the end of 2008 - nearly a full year ahead of the projected timeline, the RAB reported. At 9% of...
This Just In.(includes several Detroit business articles)(Brief Article)
- 2002-06-03
As Engler era ends, politicos look to future MACKINAC ISLAND - With Gov. John Engler's administration entering its final six months, thoughts are turning to life after December. The husband-and-wife team of Doug and Sharon Rothwell are keeping an eye out...
Detroit Free Press Michigan Memo Column.(Knight Ridder/Tribune Business News)
- 2000-03-20
Mar. 21--Saga Communications Inc., a Grosse Pointe Farms-based broadcasting company, will purchase all the issued and outstanding membership units of Tak Communications II, from Tak Communications LLC for $7 million. Tak Communications II, at the time of closing, will be the operator and licensee of WKIO-FM...
Detroit Free Press Business Briefs Column.
- 1998-10-27
Knight Ridder/Tribune Business News Oct. 28--AASTROM: Aastrom Biosciences Inc. lost $3.36 million, or 27 cents per common share, with revenues of $163,000, which consist primarily of research grants, in its first fiscal quarter, ended Sept. 30. The Ann Arbor-based developer of...
Saga Communications Inc. announces stock split
- 1995-07-07
GROSSE POINTE FARMS, MI--BUSINESS WIRE--July 7, 1995--Saga Communications Inc. (AMEX:SGA) announced today a five-for-four split of its Class A and Class B Common Stock for holders of record on July 17, 1995, payable July 31, 1995.As a result of the split, the company's outstanding common stock will increase to approximately...
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Glass Door
Saga Communications
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