Saga Says Q3 Will Increase up to 2%
Saga CEO Ed Christian (pictured) created some new lingo during his August quarterly conference call, stating radio revenue would continue to experience "MSG," or moderate sluggish growth. That followed a second quarter revenue increase of 2.6% and an admission that Q3 would be "a challenge." Yesterday Saga issued a statement that Q3 revenue will come in flat to up 2.0%. Back in August, Christian said August and September were pacing down plus the company was facing tough political comps.