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Tuesday, May 11, 2021 | TALKERS magazine


Saga Communications 2021 First Quarter Net Revenue Down 15.5%. The 2021 first quarter financial report from
Saga Communications reveals net revenue for the period was $22.3 million, a decrease of 15.5% from the same period in 2020. Net income was $758,000, a decline of 75% from the net income of $1.68 million posted in Q1 of 2020
(although Saga was one of the few audio companies to post income and not a loss). Station operating expense decreased $3.3 million to $18.9 million for the quarter compared to the same period in 2020. Station operating income was $4.7 million for the quarter compared to $5.5 million for the first quarter last year.  Free cash flow increased 21.4% to $1.8 million for the quarter. Saga Communication’s balance sheet reflects $56.3 million in cash on hand as of March 31, 2021 and $57.4 million as of May 3, 2021. The company’s total bank debt remained at $10 million as of the end of the first quarter 2021. ....

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Wednesday, May 5th, 2021 | TALKERS magazine


Reporting its financial data for the first quarter of 2021, 
Cumulus Media reveals net revenue for the period was $201.7 million, a decrease of 11.5% from the same period in 2020. The company also is reporting a net loss of $21.9 million compared to the net loss of $7.3 million from the same period in 2020. Breaking down the company’s numbers by segment, broadcast radio spot sales was $92.9 million, a decline of 23.8% from the first quarter of 2020, while network radio
 (
Westwood One) revenue was $62 million, a dip of 5.6% year-over-year. Cumulus Media’s digital segment was up 23.7% on revenue of $27.1 million. Cumulus Media president and CEO 
Mary Berner says, “Our first quarter results clearly reflect the  ....

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Wednesday, May 5, 2021 | TALKERS magazine - "The bible of talk media." : TALKERS magazine – "The bible of talk media."


Wednesday, May 5, 2021
admin | May 5, 2021
Cumulus Media’s 2021 First Quarter Net Revenue Down 11.5%; Net Loss $21.9 Million. Reporting its financial data for the first quarter of 2021,
Cumulus Media reveals net revenue for the period was $201.7 million, a decrease of 11.5% from the same period in 2020. The company also is reporting a net loss of $21.9 million compared to the net loss of $7.3 million from the same period in 2020. Breaking down the company’s
numbers by segment, broadcast radio spot sales was $92.9 million, a decline of 23.8% from the first quarter of 2020, while network radio (
Westwood One) revenue was $62 million, a dip of 5.6% year-over-year. Cumulus Media’s digital segment was up 23.7% on revenue of $27.1 million. Cumulus Media president and ....

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admin | TALKERS magazine - "The bible of talk media." : TALKERS magazine – "The bible of talk media."

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