Welcome to our dedicated page for Saga Coms news (Ticker: SGA), a resource for investors and traders seeking the latest updates and insights on Saga Coms stock.
Saga Communications, Inc. (Nasdaq: SGA) is a Florida-incorporated media company that operates broadcast properties and related media initiatives across 28 markets. The SGA news feed on this page brings together the company’s press releases and other coverage so readers can follow developments in its radio, digital, e‑commerce, local on-line news, and non-traditional revenue initiatives.
News about Saga frequently covers its financial results, including quarterly earnings releases detailing net operating revenue, station operating expense, operating income or loss, net income or loss, capital expenditures, and selected balance sheet data. These releases often include both GAAP figures and non-GAAP measures such as station operating income, same station financial information, pro forma financial information, trailing twelve-month consolidated EBITDA, and leverage ratio, along with reconciliations.
Investors can also find updates on capital allocation decisions, such as declarations of quarterly cash dividends on the company’s Class A Common Stock and announcements of stock repurchase transactions or potential stock buyback plans funded in part by asset sales. Additional news items highlight asset portfolio actions, including the sale of telecommunications tower sites combined with long-term antenna site leases that allow Saga to continue using the towers while adjusting its asset base.
Other Saga news includes information about investor conference presentations, board composition changes, and governance updates, such as amendments to the company’s bylaws. For readers tracking SGA, this page offers a centralized view of company-issued announcements and related coverage, making it easier to monitor how Saga’s broadcast operations, digital initiatives, financial performance, and corporate actions evolve over time.
Saga Communications (Nasdaq: SGA) has expanded its Board of Directors to eight members with the appointment of Gregg Sutherland, a former Senior Partner at Ernst & Young. Sutherland, who previously served as Strategy Consulting Practice Leader for Global and Americas at Ernst & Young, brings significant boardroom and financial expertise to Saga.
This appointment continues Saga's board refreshment initiative, following the addition of Michael Scafidi earlier in 2025. The company plans to return to seven board members at the 2026 Annual Shareholder Meeting. Saga currently operates 82 FM and 31 AM radio stations across 28 markets, with a focus on broadcast properties and complementary digital initiatives.
Saga Communications (Nasdaq: SGA) has declared a quarterly cash dividend of $0.25 per share, payable on September 19, 2025, to shareholders of record on August 26, 2025. The total dividend payment will amount to approximately $1.6 million, funded from the company's balance sheet.
Since initiating dividend payments in 2012, Saga has distributed over $140 million in dividends to shareholders. The company has also announced plans to implement stock buybacks in fiscal year 2025, potentially funded by proceeds from non-core asset sales. Saga currently operates 82 FM and 31 AM radio stations across 28 markets, along with 79 metro signals.
Saga Communications (Nasdaq: SGA) reported declining financial results for Q2 2025. Net revenue decreased 5.0% to $28.2 million compared to $29.7 million in Q2 2024. The company's operating income declined to $1.4 million from $2.1 million year-over-year.
Key financial metrics include a net income of $1.1 million ($0.18 per diluted share), down from $2.5 million in Q2 2024. The company maintained its quarterly dividend of $0.25 per share, with aggregate payments of approximately $1.6 million. Saga's balance sheet showed $24.9 million in cash and short-term investments as of June 30, 2025.
The company announced plans to sell tower sites with expected proceeds in the high 7 to low 8 figure range, intending to use portions of the proceeds for stock buybacks. Capital expenditures for 2025 are projected at $3.0-$3.5 million.
Saga Communications (Nasdaq: SGA) has scheduled its 2nd Quarter 2025 earnings release and conference call. The company will release results on Thursday, August 7, 2025, at 9:00 a.m. EDT, followed by a conference call at 11:00 a.m. EDT.
Stakeholders interested in submitting questions must email them to SagaIR@sagacom.com by 10:00 a.m. EDT on the same day. The earnings release will include non-GAAP metrics such as station operating income, trailing 12-month consolidated EBITDA, and same station data, with GAAP reconciliations provided.
Saga Communications operates 82 FM and 32 AM radio stations across 28 markets, including 79 metro signals, focusing on broadcast properties and digital initiatives.
Saga Communications (SGA) reported declining financial results for Q1 2025. Net revenue decreased 4.3% to $24.2 million compared to $25.3 million in Q1 2024. The company reported an operating loss of $2.3 million and a net loss of $1.6 million ($0.25 per diluted share). Station operating expense decreased 2.2% to $22.0 million.
Q2 2025 revenue pacing shows improvement, with April down high single digits, May down low single digits, and June approximately flat. The company maintains a strong balance sheet with $27.0 million in cash and short-term investments. Saga paid a quarterly dividend of $0.25 per share, totaling $1.6 million, and announced plans for potential stock buybacks using proceeds from non-core asset sales.
Saga Communications (Nasdaq: SGA) has scheduled the release of its 1st Quarter 2025 financial results on Thursday, May 8, 2025 at 9:00 a.m. EDT, followed by a conference call at 11:00 a.m. EDT. Stakeholders can participate using the dial-in number (973) 528-0008 with conference code 530273.
Questions must be submitted via email to SagaIR@sagacom.com by 10:00 a.m. EDT on May 8. The earnings release will include non-GAAP metrics such as station operating income, trailing 12-month consolidated EBITDA, and same station information, with GAAP reconciliations provided.
Saga operates as a media company focused on broadcast properties across 28 markets, comprising 82 FM stations, 32 AM stations, and 79 metro signals. The company's strategy includes digital initiatives, e-commerce, local online news services, and non-traditional revenue streams.
Saga Communications (SGA) reported its Q4 and full-year 2024 financial results, showing declining performance across key metrics. Q4 net revenue decreased 1.3% to $28.8 million, while station operating expense increased 4.1% to $24.3 million. Operating income significantly dropped to $984 thousand from $2.8 million year-over-year.
For the full year 2024, net revenue declined 2.2% to $110.3 million, with station operating expense rising 4.5% to $94.3 million. Operating income saw a substantial decrease to $2.4 million from $11.5 million the previous year. The company maintained its quarterly dividend of $0.25 per share, with total dividend payments reaching over $137 million since 2012.
The company's balance sheet showed $27.8 million in cash and short-term investments as of December 31, 2024. Saga expects capital expenditures of $4.0-$4.5 million for 2025.
Saga Communications (Nasdaq: SGA) provided a strategic update ahead of its March 11, 2025 earnings call. The company currently operates 82 FM stations, 31 AM stations, and 79 metro signals across 28 markets.
Key strategic initiatives include:
- Implementing a cost-effective digital strategy focused on 'Click, Visit, Call and Search' approach
- Identifying operational efficiencies to enhance profitability
- Ongoing board refreshment with plans to recruit a digital marketing expert
- Evaluating non-core asset sales with proceeds potentially funding stock buybacks and dividends
The company also addressed Gate City Capital Management's nomination of four board candidates, stating that Gate City 'misunderstands Saga's business.' TowerView , Saga's largest shareholder, supports the current strategic direction.
Saga Communications (Nasdaq: SGA) has scheduled its 4th Quarter and Year End 2024 earnings release for March 11, 2025, at 9:00 a.m. EST, followed by a conference call at 11:00 a.m. EST. The company will discuss several key initiatives including:
- Execution of ongoing digital strategy
- Evaluation of non-core asset sales and potential use of proceeds for buybacks, dividends, and corporate purposes
- Plans to refresh the board
- Evaluation of market and corporate level expenses
The media company currently operates 82 FM and 31 AM radio stations across 28 markets, with 79 metro signals. Stakeholders can submit questions via email to SagaIR@sagacom.com by 10:00 a.m. EST on the earnings day. The earnings release will include non-GAAP financial measures such as station operating income, trailing 12-month consolidated EBITDA, and same station financial information.