Highest-materiality recent filing
Saga Q2 revenue down 6.5% to $26.4M; six-month net loss $1.4M
Q2 net revenue $26.4M (-6.5% YoY); operating income $623K vs $1.4M; net income $960K, diluted EPS $0.15.
Saga Communications Q1 net revenue falls 5.6% to $22.9M; net loss $2.4M; declares $0.25 dividend
Net revenue $22.9M vs $24.2M year ago (-5.6%); operating loss $3.3M vs $2.3M loss year ago.
Saga Communications reports Q4 net loss of $6.9M; records $20.4M impairment, eliminating goodwill
Q4 net revenue $26.5M (-9.3% YoY); diluted loss per share $1.07 vs income $0.20.
Saga CEO Christopher Forgy begins indefinite medical leave; COO and CFO assume duties
CEO Christopher S. Forgy started temporary medical leave on February 13, 2026; recovery period indefinite.
Saga Communications repurchases 2.8% of outstanding shares for $2.1M
Repurchased 184,215 shares at $11.50 per share in a privately negotiated transaction.
Saga Q3 net loss $0.08/sh on revenue down 1.8%; tower sale $10.7M
Net revenue $28.2M (-1.8% YoY); station operating expense up 8.7% to $24.7M due to $2.1M retroactive music-license settlement.
Saga Communications Q2 net revenue down 5%; net income falls to $1.1M from $2.5M
Net revenue $28.2M, down 5.0% YoY; net income $1.1M vs $2.5M; diluted EPS $0.18.
Saga declares $0.25 quarterly dividend, plans buybacks from asset sales
Quarterly cash dividend of $0.25 per share; payable June 27, 2025 to holders of record June 6, 2025.
Saga Q1 net revenue down 4.3% to $24.2M; non-GAAP station operating income falls to $2.2M
Net revenue $24.2M, down 4.3% YoY; net loss $1.6M ($0.25 diluted loss), consistent with prior year.
Saga Communications Q4 net income drops to $1.3M from $2.5M; full-year diluted EPS $0.55
Q4 net revenue $28.8M (-1.3% YoY); operating income $984K vs $2.8M; diluted EPS $0.20.
Saga Communications provides strategic update; Gate City nominates four board candidates
Saga outlines strategic actions: digital strategy, cost efficiencies, board refresh, and non-core asset sales with proceeds for buybacks/dividends.
Saga Communications Q3 net revenue down 3.5% to $28.1M; net income falls to $1.3M
Net revenue $28.1M (down 3.5% YoY); operating income $1.6M vs $3.5M.
Saga Communications Q2 net income falls 26% to $2.5M; revenue down 1.5% to $28.7M
Q2 operating income halved to $2.1M from $4.3M; station operating income (non-GAAP) fell to $6.4M from $8.0M.
Saga Communications Q1 net loss of $1.6M; revenue down 2.5% to $24.7M
Net loss of $1.6M ($0.25 diluted loss per share) vs. net income of $920k in Q1 2023.
Saga Communications declares $2.00 special cash dividend payable Jan 12, 2024
Special cash dividend of $2.00 per share paid on Jan 12, 2024 to holders of record Dec 20, 2023.
Saga Communications Q3 net income $2.7M vs loss year ago; revenue down 2.8% to $29.2M
Revenue $29.2M (-2.8% YoY); station operating expense up 2.1% to $22.8M.
Saga Q1 net income falls to $920K; revenue up 1.3% to $25.3M
Net revenue $25.3M, up 1.3% YoY; net income $920K vs $1.2M prior year.
Saga Communications FY2022 revenue up 6% to $114.9M; adjusted EPS $2.15 vs $1.85 prior year
FY2022 net revenue $114.9M (+6.0% YoY); reported diluted EPS $1.52; adjusted diluted EPS $2.15 (excl. founder death-related costs).
Declared quarterly dividend of $0.25/share and special dividend of $2.00/share payable Jan 13, 2023; aggregate ~$13.6M.
Saga Communications names Christopher Forgy as President and CEO effective Dec 7, 2022
Christopher Forgy promoted from SVP Operations to President and CEO, effective Dec 7, 2022.
Saga Q3 net loss of $104K on $3.8M founder-related charge; adjusted EPS $0.62
Net revenue up 3.9% to $30.0M; station operating income up 4.1% to $8.9M.
Saga Communications increases quarterly dividend to $0.25 and declares $2.00 special dividend
Quarterly dividend raised to $0.25 per share; special dividend of $2.00 per share declared.
Edward K. Christian passed away Aug 19, 2022; held ~65% combined voting power; shares convert to Class A.
Saga Communications founder and CEO Ed Christian dies; Warren Lada appointed interim CEO
Chairman, President and CEO Edward K. Christian passed away on August 19, 2022 after a short illness.
Consequently, effective December 7, 2022, Mr. Forgy will also be appointed as a director of the Company to fill the Board vacancy created by Mr. Christian’s passing.
On November 16, 2022, the Company issued a press release announcing the promotion of Christopher Forgy (age 62) to the position of President and Chief Executive Officer of the Company.
Effective August 24, 2022, the Board has acted unanimously to appoint existing board member Gary G. Stevens as Interim Chairman of the Board.
the Board appointed Warren S. Lada, a current member of the Board, as Interim President and Chief Executive Officer on August 21, 2022.
President, Chief Executive Officer and Chairman of the Board, Edward K. Christian passed away on Friday, August 19, 2022.
On August 21, 2022, the Board appointed Warren S. Lada, a current member of the Board, as Interim President and Chief Executive Officer, to serve while the Board conducts a formal search for a permanent successor to Mr. Christian.
On September 28, 2021, Saga Communications, Inc. (the “Company”) appointed Marcia K. Lobaito to its Board of Directors, effective immediately.
Max materiality 0.85 · Median 0.55 · Most common event earnings