Christian Wants More Stations

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After Saga CEO Ed Christian reported net revenue in Q2 was down 0.6% to $30.1 million, he said he and CFO Sam Bush were out looking for more radio stations to add to their portfolio. Christian said they had four opportunities on the table, two of them were still possibilities, although he was not specific about the markets he was looking at. Saga does not buy radio stations in bunches, they usually do deals to strengthen their already existing clusters. Christian said Saga does not grow rapidly and dangerously. “Our job is to grow the company in a measured way that makes sense.”

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