{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-013781","form_type":"8-K","ticker":"SGA","cik":"0000886136","company_name":"SAGA COMMUNICATIONS INC","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.882106+00:00","generated_at":"2026-06-12T03:26:20.531879+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Saga Q2 revenue down 2.2% to $29.2M; net income $3.4M, EPS $0.55","bullets":["Net revenue $29.2M (-2.2% YoY); operating income $4.3M vs $5.4M; station operating income $8.0M (-14.1%).","Diluted EPS $0.55 (Q2) and $0.70 (six months); net income $3.4M vs $3.8M.","Paid $0.25 quarterly dividend on June 16; cash $34.4M at June 30; capex guidance $5.0-5.5M for 2023.","Station operating expense rose 2.9% to $22.4M; capital expenditures $1.3M in quarter vs $2.6M."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-013781","json":"https://secwatch.observer/filing/0001558370-23-013781.json","markdown":"https://secwatch.observer/filing/0001558370-23-013781.md","text":"https://secwatch.observer/filing/0001558370-23-013781.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/886136/000155837023013781/0001558370-23-013781-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/886136/000155837023013781/sga-20230808x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T03:26:20.531879+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":"06f23cb57790c9917c8cfd555e5ea977e6440744","claim":"SAGA COMMUNICATIONS INC reported the three and six months ended June 30, 2023 results: revenue $29.2 million, net income $3.4 million, EPS $0.55.","evidence_excerpt":"Saga Communications, Inc. (Nasdaq - SGA) (the \"Company\" or \"Saga\") today reported that net revenue decreased 2.2% to $29.2 million for the quarter ended June 30, 2023 compared to $29.8 million for the same period last year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/886136/000155837023013781/0001558370-23-013781-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three and six months ended June 30, 2023"},{"label":"Revenue","value":"$29.2 million"},{"label":"Net income","value":"$3.4 million"},{"label":"EPS","value":"$0.55"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"59ce6b77cab18917060ba6c39a813122711fd092","claim":"SAGA COMMUNICATIONS INC reported the six-month period ended June 30, 2023 results: revenue $54.5 million, net income $4.3 million, EPS $0.70.","evidence_excerpt":"Net revenue decreased 0.6% to $54.5 million for the six-month period ended June 30, 2023 compared to $54.8 million for the same period last year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/886136/000155837023013781/0001558370-23-013781-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six-month period ended June 30, 2023"},{"label":"Revenue","value":"$54.5 million"},{"label":"Net income","value":"$4.3 million"},{"label":"EPS","value":"$0.70"},{"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"}