Saga Communications has reported its second-quarter financial results, and like other radio groups, the company reported a downturn in revenue during the period.
During April, May, and June, the company featured $28.2 million in net revenue. That figure represents a year-over-year decrease of 5%. However, operating expenses decreased 4.6% year-over-year, down to $22.2 million.
Same station net revenue decreased by 6.4%, which is in line with how much operating expenses fell during the quarter, as well.
Excluding political revenue, gross revenue dropped 4.7% for both the second quarter and the first half of 2025 at Saga Communications. Political revenue was $51,000 during the second quarter, down sharply from the unprecedented spending levels seen during the 2024 election cycle.
As part of its earnings statement, Saga revealed that it is in negotiations to sell some of its tower sites.
“It is anticipated that these negotiations, if concluded and approved by the Company’s Board of Directors, will result in proceeds from the sale in the high 7-figure or low 8-figure range,” the company shared. “The Company is also assessing the potential sale of other non-core assets with the intent to use a portion of the proceeds from these sales to fund stock buybacks, which may include open market repurchases, block trades or other forms of buybacks.”
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