Saga Communications, Inc. Reports Q4 EPS of $1.08 vs. $0.95

Saga Communications, Inc. SGA today reported free cash flow increased 10.0% to $21.1 million for the year.

For the quarter ended December 31, 2010 free cash flow increased 8.7% to $7.2 million. Net operating revenue increased 7.4% from the comparable period in 2009 to $34.1 million. Station operating expense decreased 1.9% to $23.4 million (station operating expense includes depreciation and amortization attributable to the stations).

Net income for the period was $4.6 million ($1.08 per fully diluted share) compared to a net loss of $7.4 million (-$1.74 per fully diluted share) for the same period last year.