It’s a pure-play radio broadcasting company that focuses its efforts on stations serving audiences in small and mid-sized markets, with TV station ownership now in its past. It has no investments in ancillary industries designed to build out diverse revenue streams, nor does it have expense-laden initiatives associated with podcasting or a streaming app.
Guess what? Saga Communications is again one of the strongest-performing publicly traded radio companies in the U.S. Today under the leadership of CEO Chris Forgy, Saga has produced Q3 results that saw revenue beat forecasts. The EPS will make key shareholders such as Daniel Tisch likely smile, too.
