---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-011483"
form_type: "8-K"
ticker: "SGA"
cik: "0000886136"
company_name: "SAGA COMMUNICATIONS INC"
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T11:30:27.925399+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Saga Communications Q2 net income falls 26% to $2.5M; revenue down 1.5% to $28.7M

## Summary
- Q2 operating income halved to $2.1M from $4.3M; station operating income (non-GAAP) fell to $6.4M from $8.0M.
- Six-month net income $0.9M vs $4.3M; operating loss $0.3M vs income of $5.2M; diluted EPS $0.15.
- Acquired five radio stations and one translator in Lafayette, IN on May 31, 2024; operated one month in Q2.
- Paid quarterly dividend $0.25/share on June 28; aggregate $1.6M. Cash plus short-term investments $24.1M at June 30; $5.0M drawn on revolver.
- Full-year capex guidance maintained at $5.0–$5.5M; YTD capex flat at $2.6M.

## SEC filing metadata
- accession: 0001558370-24-011483
- form_type: 8-K
- ticker: SGA
- cik: 0000886136
- company_name: SAGA COMMUNICATIONS INC
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886136/000155837024011483/0001558370-24-011483-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886136/000155837024011483/sga-20240808x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-011483
- JSON: https://secwatch.observer/filing/0001558370-24-011483.json
- Plain text: https://secwatch.observer/filing/0001558370-24-011483.txt

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