---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-026792"
form_type: "8-K"
ticker: "SGA"
cik: "0000886136"
company_name: "SAGA COMMUNICATIONS INC"
filed_at: "2026-03-12T23:59:59+00:00"
generated_at: "2026-05-15T14:34:24.395539+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Saga Communications reports Q4 net loss of $6.9M; records $20.4M impairment, eliminating goodwill

## Summary
- Q4 net revenue $26.5M (-9.3% YoY); diluted loss per share $1.07 vs income $0.20.
- Recorded $20.4M goodwill/FCC license impairment; no goodwill remains after charge.
- Full-year net loss $7.9M; station operating income (non-GAAP) down 27.3% to $15.3M.
- Digital revenue grew 25.8% in Q4 and 19.1% for full year; tower sale added $11.6M gain.

## SEC filing metadata
- accession: 0001104659-26-026792
- form_type: 8-K
- ticker: SGA
- cik: 0000886136
- company_name: SAGA COMMUNICATIONS INC
- filed_at: 2026-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886136/000110465926026792/0001104659-26-026792-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886136/000110465926026792/sga-20260312x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-026792
- JSON: https://secwatch.observer/filing/0001104659-26-026792.json
- Plain text: https://secwatch.observer/filing/0001104659-26-026792.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.