{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-25-010663","form_type":"8-K","ticker":"SGA","cik":"0000886136","company_name":"SAGA COMMUNICATIONS INC","filed_at":"2025-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.590089+00:00","generated_at":"2026-05-17T18:43:48.546411+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 Communications Q2 net revenue down 5%; net income falls to $1.1M from $2.5M","bullets":["Net revenue $28.2M, down 5.0% YoY; net income $1.1M vs $2.5M; diluted EPS $0.18.","Station operating income (non-GAAP) fell 6.4% to $6.0M; operating income $1.4M vs $2.1M.","Six-month net loss $447K; operating loss $889K; diluted loss per share $0.07.","Exploring sale of tower sites; potential proceeds high 7-figure/low 8-figure range; assessing non-core asset sales for buybacks.","Paid $0.25/share dividend on June 27; aggregate $1.6M; intends to continue quarterly dividends."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-25-010663","json":"https://secwatch.observer/filing/0001558370-25-010663.json","markdown":"https://secwatch.observer/filing/0001558370-25-010663.md","text":"https://secwatch.observer/filing/0001558370-25-010663.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/886136/000155837025010663/0001558370-25-010663-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/886136/000155837025010663/sga-20250807x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T18:43:48.546411+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}