secwatch.observer — SEC 8-K summary
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Issuer:     SAGA COMMUNICATIONS INC (SGA)
CIK:        0000886136
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001104659-26-026792
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886136/000110465926026792/0001104659-26-026792-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886136/000110465926026792/sga-20260312x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-026792

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