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Saga Communications Snapshot
This company could spin a good tale about the radio and television industries. Saga Communications is a leading radio broadcaster, with more than 90 stations serving about 25 markets in 15 states offering a variety of formats, including sports, talk, and news, as well as several music formats. Most of the stations serve small and midsized markets; the company typically has clusters of stations in each market, allowing it to combine certain business functions. Saga also operates five regional radio networks. In addition, the company owns a portfolio of five full-power and four low-power TV stations in Mississippi, Missouri, and Texas. Chairman and CEO Edward Christian has about two-thirds control of Saga.
