---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-017332"
form_type: "8-K"
ticker: "SGA"
cik: "0000886136"
company_name: "SAGA COMMUNICATIONS INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:28:22.067672+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Saga Communications Q3 net income $2.7M vs loss year ago; revenue down 2.8% to $29.2M

## Summary
- Revenue $29.2M (-2.8% YoY); station operating expense up 2.1% to $22.8M.
- Net income $2.7M vs net loss of $104K in Q3 2022; diluted EPS $0.45.
- Station operating income (non-GAAP) $7.6M, down 14.7% from $8.9M.
- Quarterly dividend of $0.25/share declared, payable Nov 3 to holders of record Oct 11.
- Cash & short-term investments $41.7M at Sept 30; expects 2023 capex $4.5-5.0M.

## SEC filing metadata
- accession: 0001558370-23-017332
- form_type: 8-K
- ticker: SGA
- cik: 0000886136
- company_name: SAGA COMMUNICATIONS INC
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886136/000155837023017332/0001558370-23-017332-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886136/000155837023017332/sga-20231102x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-017332
- JSON: https://secwatch.observer/filing/0001558370-23-017332.json
- Plain text: https://secwatch.observer/filing/0001558370-23-017332.txt

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