Saga Communications, Inc. Repurchases 2.8% of Outstanding Shares

Saga Communications (Nasdaq: SGA) completed a privately negotiated repurchase of 184,215 shares on Dec. 15, 2025 for an aggregate purchase price of approximately $2.1 million or $11.50 per share.

Rhea-AI Summary

Saga Communications (Nasdaq: SGA) completed a privately negotiated repurchase of 184,215 shares on Dec. 15, 2025 for an aggregate purchase price of approximately $2.1 million or $11.50 per share.

The repurchased shares represent approximately 2.8% of the company’s outstanding common stock based on 6,556,621 shares outstanding as of Dec. 11, 2025 and were returned to treasury, reducing the number of outstanding shares. Management described the transaction as reflecting confidence in Saga’s strategy and as a tool to manage capital allocation.

Argus Dec 16 session

+0.52% close to close Open Argus

Details

News Market Reaction – SGA

In the Dec 16 session, SGA gained 0.52%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement detailed a privately negotiated repurchase of 184,215 shares, about 2.8% of Saga’s...

Analysis

This announcement detailed a privately negotiated repurchase of 184,215 shares, about 2.8% of Saga’s outstanding stock, at $11.50 per share for roughly $2.1 million. The move follows recent dividends and tower monetizations, extending a capital-return theme. Investors may track how these reductions in share count interact with future earnings reports and cash-use decisions to assess ongoing capital allocation strategy.

Key Figures

Shares repurchased: 184,215 shares Aggregate repurchase amount: $2.1 million Repurchase price: $11.50 per share +5 more

Shares repurchased

184,215 shares

Privately negotiated stock repurchase

Aggregate repurchase amount

$2.1 million

Total consideration for repurchased shares

Repurchase price

$11.50 per share

Price paid in negotiated transaction

Portion of shares retired

2.8% of outstanding

Portion of common stock repurchased and moved to treasury

Shares outstanding

6,556,621 shares

Common shares outstanding as of Dec 11, 2025

Current share price

$11.70

Price before news; ~18.01% below 52-week high

52-week high

$14.27

Pre-news 52-week high level

Operating markets

28 markets

Saga’s radio and digital footprint

Historical Context

5 past events · Latest: Dec 01

5 events

1. Dec 01

   Investor conference

   24h Move

   +0.7%

   Announced CEO/CFO presentation at Noble Capital emerging growth conference.

2. Nov 13

   Dividend declaration

   24h Move

   +1.4%

   Declared $0.25 quarterly dividend totaling about $1.6M cash return.

3. Nov 06

   Q3 2025 earnings

   24h Move

   -1.7%

   Reported lower revenue and swing to quarterly operating loss versus prior year.

4. Oct 20

   Tower sale

   24h Move

   +4.4%

   Closed sale of 22 tower sites for about $10.7M with no-cash leases.

5. Oct 20

   Earnings call setup

   24h Move

   -0.2%

   Set date and access details for Q3 2025 earnings release and call.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

forward-looking statements

1 terms

forward-looking statements regulatory

"This press release contains certain forward-looking statements within the meaning..."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GROSSE POINTE FARMS, Mich., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company,” “Saga” or “our”) today announced that it repurchased 184,215 shares of its common stock for an aggregate purchase price of approximately $2.1 million, or $11.50 per share, through a privately negotiated transaction. The repurchased shares represent approximately 2.8% of the company’s currently outstanding common stock, based on 6,556,621 shares outstanding as of December 11, 2025. After closing, these shares were returned to treasury and are no longer outstanding.

Chief Financial Officer Samuel Bush commented, “We are pleased to announce the completion of a privately negotiated stock repurchase transaction, which underscores our ongoing commitment to deliver value to our shareholders. This transaction reflects our confidence in the company’s long-term strategy and financial strength, while providing us with greater flexibility to manage our capital structure. We remain focused on disciplined capital allocation and generating a meaningful return for all stakeholders.”

Saga is a media company whose business provides radio, digital, e-commerce, local on-line news and non-traditional revenue initiatives. Saga operates in 28 markets and provides services to national, regional and local advertisers to meet their growing advertising needs. For additional information, contact us at (313) 886-7070 or visit our website at www.sagacom.com.

This press release contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that are based upon current expectations and involve certain risks and uncertainties. Words such as “will,” “may,” “believes,” “intends,” “expects,” “anticipates,” “guidance,” and similar expressions are intended to identify forward-looking statements. The material risks facing our business are described in the reports Saga periodically files with the U.S. Securities and Exchange Commission, including, in particular, Item 1A of our Annual Report on Form 10-K. Readers should note that forward-looking statements may be impacted by several factors, including global, national, and local economic changes and changes in the radio broadcast industry in general as well as Saga’s actual performance. Saga undertakes no obligation to update any information contained herein that constitutes a forward-looking statement.

Contact:
Samuel D. Bush
(313) 886-7070

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Saga Communications (SGA) announce on Dec. 15, 2025 about share repurchases?

Saga announced a privately negotiated repurchase of 184,215 shares for about $2.1 million at $11.50 per share.

How much of Saga’s outstanding stock did the Dec. 2025 repurchase represent for SGA?

The repurchase represented approximately 2.8% of outstanding shares based on 6,556,621 shares outstanding as of Dec. 11, 2025.

What is the immediate effect of Saga’s repurchase on outstanding shares for SGA?

The repurchased shares were returned to treasury and are no longer outstanding, reducing the company’s share count.

How much did Saga pay per share in the Dec. 2025 SGA repurchase transaction?

Saga paid $11.50 per share in the privately negotiated transaction.

Why did Saga Communications (SGA) say it completed the repurchase on Dec. 15, 2025?

Management said the transaction reflects confidence in the company’s long-term strategy and provides flexibility to manage capital allocation.

Where can investors get more information about Saga Communications (SGA) repurchase?

Investors can contact Saga at (313) 886-7070 or visit www.sagacom.com for additional information.