{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-007749","form_type":"8-K","ticker":"SGA","cik":"0000886136","company_name":"SAGA COMMUNICATIONS INC","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.621902+00:00","generated_at":"2026-06-16T02:11:38.801054+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 Q1 net income falls to $920K; revenue up 1.3% to $25.3M","bullets":["Net revenue $25.3M, up 1.3% YoY; net income $920K vs $1.2M prior year.","Diluted EPS $0.15; operating income $905K vs $1.7M; free cash flow $1.1M vs $1.9M.","Station operating expense rose $1.1M to $21.7M, driven by $446K higher compensation and $272K health care costs.","Quarterly dividend of $0.25 per share paid April 7; cumulative dividends since 2012 exceed $108M.","Cash and short-term investments $37.5M at March 31; 2023 capex guidance $5.0-5.5M."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-007749","json":"https://secwatch.observer/filing/0001558370-23-007749.json","markdown":"https://secwatch.observer/filing/0001558370-23-007749.md","text":"https://secwatch.observer/filing/0001558370-23-007749.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/886136/000155837023007749/0001558370-23-007749-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/886136/000155837023007749/sga-20230503x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T02:11:38.801054+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":"7595d624ab2c2a72a5cf0398f172afb12b794d1b","claim":"SAGA COMMUNICATIONS INC reported the three months ended March 31, 2023 results: revenue $25.3 million, net income $920 thousand, EPS $0.15.","evidence_excerpt":"Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue increased 1.3% to $25.3 million for the quarter ended March 31, 2023 compared to $25.0 million for the same period last year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/886136/000155837023007749/0001558370-23-007749-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$25.3 million"},{"label":"Net income","value":"$920 thousand"},{"label":"EPS","value":"$0.15"},{"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"}