{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-22-016164","form_type":"8-K","ticker":"SGA","cik":"0000886136","company_name":"SAGA COMMUNICATIONS INC","filed_at":"2022-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.869547+00:00","generated_at":"2026-06-22T10:57:58.699953+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Saga Q3 net loss of $104K on $3.8M founder-related charge; adjusted EPS $0.62","bullets":["Net revenue up 3.9% to $30.0M; station operating income up 4.1% to $8.9M.","Operating income $1.1M vs $4.6M; includes $3.8M accrual for payments to founder Ed Christian's estate.","GAAP net loss of $104K ($0.01 diluted EPS) vs net income $3.5M ($0.58) a year ago.","Excluding the accrual, operating income would have risen 5.8% to $4.9M; adjusted EPS $0.62.","Cash & short-term investments $58.3M; paid $0.25 quarterly + $2.00 special dividend on Oct 21."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-22-016164","json":"https://secwatch.observer/filing/0001558370-22-016164.json","markdown":"https://secwatch.observer/filing/0001558370-22-016164.md","text":"https://secwatch.observer/filing/0001558370-22-016164.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/886136/000155837022016164/0001558370-22-016164-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/886136/000155837022016164/sga-20221103x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T10:57:58.699953+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":[{"claim_id":"656fa16dff1dc02138a7307473af7397d73aa17a","claim":"SAGA COMMUNICATIONS INC reported three and nine months ended September 30, 2022 results: revenue $30.0 million, net income net loss of $104 thousand, EPS $(0.01).","evidence_excerpt":"Ed Christian. The actual results as well as the results adjusted for the impact of his passing are reported in this financial results release. Net revenue increased 3.9% to $30.0 million for the quarter ended September 30, 2022 compared to $28.8 million for the same period last year. Station operating expense increased 2.8% for the quarter to $22.3 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/886136/000155837022016164/0001558370-22-016164-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three and nine months ended September 30, 2022"},{"label":"Revenue","value":"$30.0 million"},{"label":"Net income","value":"net loss of $104 thousand"},{"label":"EPS","value":"$(0.01)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}