{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-107466","form_type":"8-K","ticker":"SGA","cik":"0000886136","company_name":"SAGA COMMUNICATIONS INC","filed_at":"2025-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.488397+00:00","generated_at":"2026-05-17T00:07:27.991533+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Saga Q3 net loss $0.08/sh on revenue down 1.8%; tower sale $10.7M","bullets":["Net revenue $28.2M (-1.8% YoY); station operating expense up 8.7% to $24.7M due to $2.1M retroactive music-license settlement.","Operating loss $626K vs. income $1.6M last year; net loss $532K ($0.08 diluted loss per share) vs. net income $1.3M.","Same-station net revenue down 4.8% for nine months; gross political revenue fell to $73K in Q3 from $677K.","Agreed to sell towers at 22 sites for ~$10.7M cash; received $8.7M net, $1.8M in escrow pending landlord consents.","Paid Q3 dividend $0.25/sh on Sept 19; intends future regular dividends; capex guidance $3.25-3.75M for 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-107466","json":"https://secwatch.observer/filing/0001104659-25-107466.json","markdown":"https://secwatch.observer/filing/0001104659-25-107466.md","text":"https://secwatch.observer/filing/0001104659-25-107466.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/886136/000110465925107466/0001104659-25-107466-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/886136/000110465925107466/sga-20251106x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:07:27.991533+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}