{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-007480","form_type":"8-K","ticker":"SGA","cik":"0000886136","company_name":"SAGA COMMUNICATIONS INC","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.308566+00:00","generated_at":"2026-06-02T08:01:57.269221+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 Communications Q1 net loss of $1.6M; revenue down 2.5% to $24.7M","bullets":["Net loss of $1.6M ($0.25 diluted loss per share) vs. net income of $920k in Q1 2023.","Operating loss of $2.4M vs. operating income of $905k; includes $971k non-cash write-off.","Station operating income (non-GAAP) decreased 40.9% to $2.8M.","Paid quarterly dividend of $0.25/share on March 8 and variable dividend of $0.60/share on April 5.","Cash and short-term investments $28.8M as of March 31; capex guidance $5.0–5.5M for 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-007480","json":"https://secwatch.observer/filing/0001558370-24-007480.json","markdown":"https://secwatch.observer/filing/0001558370-24-007480.md","text":"https://secwatch.observer/filing/0001558370-24-007480.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/886136/000155837024007480/0001558370-24-007480-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/886136/000155837024007480/sga-20240509x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T08:01:57.269221+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":"d413e15166aec2ab9d2ee87ae5218e011a3e668b","claim":"SAGA COMMUNICATIONS INC reported quarter ended March 31, 2024 results: revenue $24.7 million, net income net loss of $1.6 million, EPS $0.25.","evidence_excerpt":"net revenue decreased 2.5% to $24.7 million for the quarter ended March 31, 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/886136/000155837024007480/0001558370-24-007480-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended March 31, 2024"},{"label":"Revenue","value":"$24.7 million"},{"label":"Net income","value":"net loss of $1.6 million"},{"label":"EPS","value":"$0.25"},{"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"}