Zacharys contract with Entercom ended in May 2020. Saga Communications, Inc ( NASDAQ:SGA) Q3 2022 Earnings Call dated Nov. 03, 2022. Infinity Broadcasting Corporation 1949 Formed in the USA, entered the radio business At the time of the acquisition, it had more than 55 affiliated radio stations. In March 1997 Saga acquired two more radio stations in Milwaukee, WFMR-FM and WFMI-FM, for $5 million, bringing its total to five stations in that market. Telecom Act of 1996 Affects Station Ownership. For 1994, net operating revenue increased to $44.4 million, and net income jumped to $2.3 million. (602) 585-8888 Telephone Companies . He was appointed VP/Market Manager on . Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list. In the complaint, Kirshbaum notes Forgys statements he made to various media outlets following her termination that you cant lead from a bedroom in your slippers, is consistent with a sexist attitude ingrained at the top of Saga., Upon information and belief, this slippers comment was originally made by CEO [Ed] Christian to VP Forgy, who repeated it to the media, Kirshbaums complaint said. The disease is triggered by a serious respiratory virus. In August 1998 Saga's board of directors authorized a stock repurchase program. Christian himself is of Icelandic heritage, and he served as the Honorary Consul of Iceland for Michigan, Ohio, and Indiana. After three years it was sold to Josephson International for $4 million. During 1996 the company also acquired an additional AM and an FM station in Portland, Maine. When Saga Communications announced it planned to file for an initial public offering (IPO) of stock in 1992, it owned 15 radio stations in medium-sized markets. In February 1996 Saga entered into an agreement with Roy H. Park Broadcasting of the Midwest, Inc. to purchase WNAX-AM and WNAX-FM of Yankton, South Dakota, for $7 million. U.S.A. Later in the year the company amended its SEC filing, and in December 1992 the company went public. Lilly, Stephen, Merger Mania Grips Radio Industry, Business First-Columbus, November 1, 1993, p. 1. Saga currently owns or operates broadcast properties in 25 markets, including 62 FM and 30 AM radio stations, a state radio network, 2 farm radio networks, 4 Saga made two acquisitions in the fall of 1992. In February 1996 Saga entered into an agreement with Roy H. Park Broadcasting of the Midwest, Inc. to purchase WNAX-AM and WNAX-FM of Yankton, South Dakota, for $7 million. Saga closed on its second network acquisition, The Michigan Radio Network, in March 1998 for a price of not more than $1.5 million subject to certain adjustments. Fax: (678) 645-1079 Saga Communications Salaries trends. He went on to say that by violating an agreement to come back when asked, Kirshbaum was "self-terminated. . The company planned to acquire several more state radio networks in the future. Saga planned to add ten additional affiliates in 1998. Christian was from the small Michigan town of St. Helen's. Kirshbaum, 66, was fired in May for refusing to return to the office on her doctors recommendation amid coronavirus concerns. The company's single television station, KOAM-TV, served the Joplin, Missouri, and Pittsburg, Kansas, market, which was ranked 146th by number of television households. At the end of 1998, Saga appeared committed to its strategy of acquiring radio and television stations in medium-sized markets. WLZR-AM-FM, Billboard, November 20, 1993, p. 78. New York, New York 10022 In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. Kirshbaum said her doctor told her she needed to continue working from home to reduce her exposure to COVID-19. Address: 73 Kercheval Avenue Grosse Pointe Farms, Michigan 48236 U.S.A. Telephone: (313) 886-7070 Fax: (313) 886-7150 Statistics: Public Company Incorporated: 1986 Employees: 747 Sales: $66.3 million (1997) Stock Exchanges: American Ticker Symbol: SGA Working in radio is good, but it's a dying industry and the jobs are few and far between. The acquisition price was $3.2 million. It also had a 50 percent interest in seven FM stations in Reykjavik, Iceland, the country's capital. Call sign: WPOR Frequency: 101.9 FM City of license: Portland, ME Format: Country Music Owner: Saga Communications Area Served: Portland, ME Sister stations: Newsradio WGAN, Coast 93.1, 107.1/93.5 The Bay, 98.9 WCLZ, Rewind 100.9 Contact Get the right saga communications job with company ratings & salaries. Portland, Maine, United States. Randi Kirshbaum claims she was fired in the early days of the COVID-19 pandemic for not returning to the station after working from home for six weeks. Saga Communications, Inc. 73 Kercheval Avenue Grosse Pointe Farms, Michigan 48236 U.S.A. (313) 886-7070 Fax: (313) 886-7150 Public Company Incorporated: 1986 Employees: 747 Sales: $66.3 million (1997) Stock Exchanges: American Ticker Symbol: SGA SICs: 4832 Radio Broadcasting Stations; 4833 Television Broadcasting Stations Saga Communications has launched its Classic Country " Outlaw " and Oldies " Pure Oldies " brands in Portland ME. The men who work in radio are not very good managers and they have a difficult time giving useful feedback and letting you know where you stand. The company felt its stock was undervalued. Those figures reflected the 1996 acquisitions of WNAX-AM-FM (Yankton, South Dakota) and WPOR-AM-FM (Portland, Maine), as well as local market agreements for WDBR (Springfield, Illinois), WYXY (Springfield, Illinois), WTAX (Springfield, Illinois), WVAX (Springfield, Illinois), and KAZR (Des Moines). WVEM(FM) Springfield, ill., Was Sold by Daniel Menghini to Saga Communications for $1.5 Million, Broadcasting, October 5,1992, p. 69. It owned multiple stations in the following markets: four FM stations and one AM station in Milwaukee, Wisconsin, ranked 31st; two FM stations and one AM station in Norfolk, Virginia, ranked 39th; four FM stations and two AM stations in Des Moines, Iowa, ranked 67th; three FM stations and three AM stations in Portland, Maine, ranked 82nd; one FM station and one AM station in Springfield, Massachusetts, ranked 85th; four FM stations and two AM stations in Springfield, Illinois, ranked 139th; two FM stations and one AM station in Manchester, New Hampshire, ranked 140th; and two FM stations in Champaign, Illinois, ranked 165th. Viles, Peter, Saga to Make Public Offering, Broadcasting, May 4, 1992, p. 57. He wanted Christian to buy it, and he did. After three years it was sold to Josephson International for $4 million. WNIC was in dire financial straits, and State Farm wanted to get it back on its feet so it could be sold. Those figures reflected the 1993 acquisitions of KIOA-FM (Des Moines, Iowa), KXTK-AM (Des Moines), WYNZ (Portland, Maine), WZAN-AM (Portland), and WQQL (Springfield, Illinois), as well as the results of a local marketing agreement for WAFX-FM of Norfolk, Virginia. It already owned WGAN-AM and WMGX-FM in Portland. It proceeded cautiously, continuing to acquire top-billing stations in medium-sized markets. NH Democrats Pappas, Kuster reelected to Congress, New Hampshire Democrat Hassan wins 2nd Senate term, Tropical Storm Nicole could intensify into rare November hurricane, Longtime Portland DJ out of a job due to coronavirus, COVID-19 concerns, Tuesday: 6 additional deaths, 411 additional COVID-19 cases reported in Maine, Law enforcement officials face many challenges when interacting with developmentally disabled people, NH state representative contracts COVID-19 less than a week after House speaker dies of coronavirus. Atlanta, Georgia 30328 Saga Communications Jul 2015 - Mar 2020 4 years 9 months. At this point, the company owned 24 FM and 13 AM radio stations, two state radio networks, one TV station, and a 50 percent interest in seven FM stations in Reykjavik, Iceland. Saga Communications' headquarters is located in United States of America. After Adams' firing, Kirshbaum and her lawyer said, "Its abrupt termination, without cause, of Bob Adams further proves that Sagas excuse for firing Randy was a coverup for its pattern of unlawful discrimination. After a couple of job changes and a masters degree in management from Central Michigan University, Christian decided at the age of 26 to buy a radio station in a small market. The search Saga Communications jobs in South Portland, ME did not match any jobs. In its filing with the Securities and Exchange Commission (SEC), it reported 1991 revenues of $25.9 million, operating income of $9.4 million, and an operating Those figures reflected the 1993 acquisitions of KIOA-FM (Des Moines, Iowa), KXTK-AM (Des Moines), WYNZ (Portland, Maine), WZAN-AM (Portland), and WQQL (Springfield, Illinois), as well as the results of a local marketing agreement for WAFX-FM of Norfolk, Virginia. Like The Illinois Radio Network, The Michigan Radio Network was a regional and state news and sports information network. Fax: (602) 585-8893 In the process, many of them also acquired a substantial amount of debt. Our vision was to create a company that was principled upon excellence in broadcasting. In August 1998 Sagas board of directors authorized a stock repurchase program. In November the company entered into an agreement to acquire a second station in Milwaukee, WLZR-AM-FM, for $7 million. Saga closed the acquisition of the station on March 14,1997, for a purchase price of $2.7 million. Saga became aware of radio opportunities in Iceland in 1997, when a group of station managers were rewarded with an Icelandic fishing trip for exceeding their budget targets. With the passage of the Telecommunications Act of 1996, companies could own as many as eight radio stations in a single market. Refer to each styles convention regarding the best way to format page numbers and retrieval dates. The acquisition price was $3.2 million. But Kirshbaum's employer, Saga Communications out of Michigan, decided that it needed what senior Vice President Chris Forgy called "leadership in the building", and told Kirshbaum that if she did not go back to the office, she would be terminated, as per an agreement they signed prior to Kirshbaum . The following is a list of FCC-licensed radio stations in the U.S. state of Maine, which can be sorted by their call signs, frequencies, cities of license, licensees, and programming formats.. Fax: (212) 888-2959 ." 3 salaries for 3 jobs at Saga Communications in South Portland, ME. Later in the year the company amended its SEC filing, and in December 1992 the company went public. It owned three AM and five FM radio stations. The complaint also notes that since Marchwhen the pandemic reached MaineSaga has fired at least eight full-time employees over age 50, and two employees over the age of 50 have resigned from the Portland Radio Group. In May 1993 Saga Communications acquired its third radio station in Portland, Maine, with the acquisition of WYNZ-AM-FM for between $800,000 and $900,000. (310) 556-7676 She has a one in three chance of getting it. Our company is really an ongoing adventure. Starting with three AM and five FM radio stations that he acquired in 1986 from Josephson International, Christian built Saga into a company that owned and operated 24 FM and 13 AM radio stations, two state radio networks, and one television station. Portland, ME. Kirshbaum's mother died from Pulmonary Fibrosis, a disease for which Kirshbaum says she is genetically predisposed. On June 9, the individual who ran Saga Communications Portland, Me., group of radio stations was taken to lunch. Saga expanded its television station holdings in July 1998 when it entered into an agreement to purchase KAVU-TV, an ABC affiliate, and a low power Univision affiliate serving the Victoria, Texas, market for $11.9 million in cash and stock. 2022 NEWS CENTER Maine. Website. St. James Press, 1999. Join to connect Wreaths Across America. In November the company entered into an agreement to acquire a second station in Milwaukee, WLZR-AM-FM, for $7 million. Before that, he was SVP/Market Manager for Entercoms Southern New England Region, and prior to that served as VP/Market Manager for Entercom/Boston for four years. Phil Zachary Resurfaces At Saga To Man Maine Cluster, Sign up for our newsletters for the rest of the headlines. . International Directory of Company Histories. It acquired WIXY-FM in Champaign, Illinois, for $250,000 in September, and WVEM-FM in Springfield, Illinois, for $1.5 million in October, bringing the total number of stations owned to 17. Saga chose to adhere to its program of acquisitions, but it did not wish to assume a lot of debt. The company provides market access, education and information through global, national and regional face-to-face events, digital products and publications. Saga also unlawfully retaliated against me for reporting what I reasonably believed was a violation of the Governor's Executive Orders regarding COVID-19 and a practice that would put my health and safety at risk and for refusing to carry out a directive to engage in an activity that would expose me to a condition that would result in serious injury or death, after having sought and being unable to obtain a corrective to that condition from Saga, when it refused to allow me to work from home and when it terminated my employment.. Retrieved November 09, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/saga-communications-inc. Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA). Marvin Josephson, head of Josephson International, wanted to build a radio division, and Christian was selected to help build the group. U.S.A. Natalie Knowles. 420 Western Ave South Portland ME 04106 (207) 774-4561. Within the Cite this article tool, pick a style to see how all available information looks when formatted according to that style. Forgy said he and his company believe it is, "virtually impossible to lead a team from someplace other than where your team is., So we had no choice but to lay her off," Forgy said in May. Former Maine PD Withdraws Discrimination Suit Against Saga. Saga believed that it could acquire state radio networks at a lower multiple of cash flow than it could acquire individual radio stations. As a result, there was a frenzy of buying in the radio industry, as several companies sought to acquire as many stations as possible. Saga acquired another FM radio station in Des Moines, KLTI-FM, in April 1997 after operating the station under a It was the top-ranked station of four in the market and was a CBS affiliate. In 1986 he raised $38.5 million to buy out Josephson Internationals radio division, which he had been running for ten years, and renamed it Saga Communications. General Manager and other higher ups were always helpful and always had an open door. (313) 886-7070Fax: (313) 886-7150, Public CompanyIncorporated: 1986Employees: 747Sales: $66.3 million (1997)Stock Exchanges: AmericanTicker Symbol: SGASICs: 4832 Radio Broadcasting Stations; 4833 Television Broadcasting Stations. JEFF PIERCE has departed his position as OM for SAGA COMMUNICATIONS' PORTLAND, ME cluster, including Country WPOR. 27. Those figures reflected the 1996 acquisitions of WNAX-AM-FM (Yankton, South Dakota) and WPOR-AM-FM (Portland, Maine), as well as local market agreements for WDBR (Springfield, Illinois), WYXY (Springfield, Illinois), WTAX (Springfield, Illinois), WVAX (Springfield, Illinois), and KAZR (Des Moines). The station served the Joplin, Missouri, and Pittsburg, Kansas, market. Milwaukee's Hometown Rock! Changes continue at the Saga Communications Portland, ME cluster as President and General Manager Bob Adams exits. Christian remained with WNIC as the station's general manager. Kirshbaum says she was terminated. Saga also acquired its first statewide radio network in November when it purchased The Illinois Radio Network for $1.75 million. His tenure in the Nations Capital began in May 2018, and was previously Market Manager for Entercoms Hartford properties. According to Ed Christian, Saga Communications, Inc.'s founder, chairman, president, and CEO, "This is how I view my company and my life. 3 Saga Communications reviews in Portland, ME. In the Nordic language, "saga" means an ongoing adventure. On August 12, 1993, 685,000 shares of Class A stock were sold at $17.75 per share through underwriter First Boston Corporation. According to a memo obtained by the Portland Press Herald, Adams' exit was due to the need for a "more defined growth pattern." Saga closed the acquisition of the station on March 14, 1997, for a purchase price of $2.7 million. Telephone: (651) 646-5555 Phil Zachary is back in the saddle in his familiar New England turf. After three years, he sold out and made a deal with State Mutual Life Insurance Co. to run a Detroit radio station, WNIC-AM-FM, that it had repossessed. Apply for the Job in Promotion Personnel, Part-time: Portland, ME at Portland, ME. Throughout college he worked at local radio stations in Roger City, Lansing, and Flint, both as a weekend anchor and as a salesperson. Portland, Maine Area . Previously, companies were limited to owning a single AM and single FM station in each market. As a child he dreamed of becoming a radio disk jockey. 2 voornas, however, did not immediately return to the air, but instead undertook general promotional activities for Web site: http://www.c, Univision Communications Inc. Employees were awesome In November the company entered into an agreement to acquire a second station in Milwaukee, WLZR-AM-FM, for $7 million. Throughout college he worked at local radio stations in Roger City, Lansing, and Flint, both as a weekend anchor and as a salesperson. Radio Radio is the heart of our being. Contents 1 History 2 Properties 3 Former Diversified-owned stations 3.1 Television stations Get started with your Free Employer Profile. After three years, he sold out and made a deal with State Mutual Life Insurance Co. to run a Detroit radio station, WNIC-AM-FM, that it had repossessed. Job posted 1 day ago - Saga Communications, Inc. is hiring now for a Part-Time Promotion Personnel, Part-time: Portland, ME in Portland, ME. Suite 3050 Create Job Alert. But Kirshbaums employer, Saga Communications out of Michigan, decided that it needed what senior Vice President Chris Forgy called "leadership in the building", and told Kirshbaum that if she did not go back to the office, she would be terminated, as per an agreement they signed prior to Kirshbaum beginning to work from home. Encyclopedia.com. All existing shareholders and partners in the firm exchanged their shares for either Class A or Class B common stock. Equal Employment Opportunity Commission (EEOC) against her former employer. Saga chose to adhere to its program of acquisitions, but it did not wish to assume a lot of debt. Those figures reflected the 1994 acquisitions of WLZR (Milwaukee), WJYI (Milwaukee), WAFX (Norfolk), and KOAM-TV. It also had a 50 percent interest in seven FM stations in Reykjavik, Iceland, the countrys capital. However, interest payments on $39.5 million of debt resulted in a pre-tax loss of $2.1 million. Bob Adams never returned. Order Online. Kirshbaums complaint against Saga Communications, Forgy, and others, was filed on Friday. Saga Communications did not immediately respond to NEWS CENTER Maine's request for comment. Food. He purchased WCER-AM-FM in Charlotte, Michigan, in 1970. Salaries posted anonymously by Saga Communications employees in Portland, ME, United States Area. Excitement of working in radio broadcast business. Kirshbaum says her age and sex were contributing factors in the decision to terminate her employment. 500+ connections. Having problems? He posted the news on FACEBOOK on SATURDAY (3/28), writing, "I was. 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