Saga Communications (SGA) rails against satellite radio, defends its industry (quotes from conf call)

| About: Saga Communications, (SGA)

Below are some comments from Saga Communications (NYSEMKT:SGA) from its February 24, 2005 conference call with investors.

….I'm getting really tired of all of the radio bashing articles…it just gals me all the time….it says satellite killed the radio stocks. Folks, give this up .…I am tired of satellite companies that have a gaggle of PR firms going out there all the time suggesting articles

….I'm here to tell you I'm tired of these articles because radio is not dead…some of the things that they talk in here is just craziness it makes my blood boil

….the best case scenario that they're presenting…35 million customers by 2010….that means one out of ten people in America…..which means 90% of the people are still radio partisans…

….we have our own problems. There is no question that radio….needs a lot of help and several good swift kicks and I think they're coming...

….I want to see a satellite do a remote for a car dealer. I want to a see a satellite do a promotion for a concert in our market. These are the things, the intangibles. I'm talking on the business end. On the personal level, you can't touch it. It's amazing to me.

...we are being beaten to death on a PR campaign. That's whipping us down.

(Quotes from the CCBN StreetEvents transcript.)