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. (SGA) provides investors and media professionals with comprehensive updates on its broadcast operations across radio, television, and digital platforms. This centralized resource aggregates official press releases, regulatory filings, and strategic developments from the company serving mid-sized markets.
Key updates include quarterly earnings reports, station acquisitions, leadership changes, and programming innovations. Users can track SGA's unique combination of traditional broadcasting expertise with emerging digital initiatives through verified news sources.
The curated collection features critical business developments including advertising revenue trends, market expansions, and technological adaptations in the evolving media landscape. Content is organized chronologically for efficient tracking of the company's progress in local markets and corporate strategy execution.
Bookmark this page for direct access to SGA's official financial disclosures, partnership announcements, and operational updates. Check regularly for new information about the company's radio/TV station portfolio management and digital media integration efforts.
Saga Communications, Inc. (Nasdaq: SGA) will release its 1st Quarter 2023 results on May 3, 2023, at 9:00 a.m. EDT, followed by a conference call at 11:00 a.m. EDT. Participants are encouraged to submit questions via email by 10:00 a.m. EDT on the same day. The earnings report will include non-GAAP financial measures such as station operating income and free cash flow, with reconciliations to GAAP measures provided. Saga operates in 27 markets with a portfolio including 79 FM and 33 AM radio stations.
Saga Communications reported a 6.0% increase in net revenue to $114.9 million for the year ended December 31, 2022, compared to $108.3 million the previous year. However, the results were impacted by one-time payments due to the passing of founder Ed Christian. Station operating expenses rose by 5.2% to $87.5 million.
Net income decreased to $9.2 million from $11.2 million, with diluted earnings per share at $1.52. The company declared a $0.25 quarterly dividend and has paid $108.3 million in dividends since 2012. Cash and short-term investments were $46.9 million as of December 31, 2022.
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