Friday, August 12, 2005

Joplin Fox affiliate lifts Saga to bigger profits

Saga Communications, owners of KOAM and KFJX in the Joplin market, had a five percent increase in net operating revenue during the second quarter, according to a filing this week with the Securities and Exchange Commission.
Revenue was up to $3,949,000, compared to $3,765,000 during the same period in 2004.
"The majority of the improvement in net operating revenue was attributable to the Fox affiliate in Joplin, Missouri that went on the air in October 2003," the filing said.
Station operating expense in Saga's television division increased by $76,000 or 2 percent to $3,340,000 for the three months ended June 30, compared with $3,264,000 for the three months ended June 30, 2004.
Operating income for Saga's TV division during the three months ended June 30 was $609,000 compared to $501,000 for the three months ended June 30, 2004, an increase of approximately $108,000 or 22 percent.

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