Saga Communications, Inc. Repurchases 2.8% of Outstanding Shares
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.
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Key Figures
Market Reality Check
Peers on Argus
Peers showed mixed moves: MDIA up 0.65%, while SSP and CURI were down 10.04% and 4.15%. UONE fell 2.22% but UONEK rose 9.78%, suggesting company-specific, not sector-wide, drivers for SGA.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 01 | Investor conference | Neutral | +0.7% | Announced CEO/CFO presentation at Noble Capital emerging growth conference. |
| Nov 13 | Dividend declaration | Positive | +1.4% | Declared <b>$0.25</b> quarterly dividend totaling about <b>$1.6M</b> cash return. |
| Nov 06 | Q3 2025 earnings | Negative | -1.7% | Reported lower revenue and swing to quarterly operating loss versus prior year. |
| Oct 20 | Tower sale | Positive | +4.4% | Closed sale of <b>22</b> tower sites for about <b>$10.7M</b> with no-cash leases. |
| Oct 20 | Earnings call setup | Neutral | -0.2% | Set date and access details for Q3 2025 earnings release and call. |
Recent shareholder-return actions (dividends, tower-sale-funded buybacks) generally aligned with positive or modest price gains, while weaker earnings aligned with a mild decline.
Over the past few months, Saga highlighted capital return and balance sheet actions. A quarterly dividend of $0.25 per share and long-running payouts over $141M since 2012 underscored its cash-return focus. The sale of 22 tower sites for about $10.7M was flagged as potential buyback fuel. Against Q3 2025 results showing softer revenue and losses, today’s repurchase of 184,215 shares continues that capital allocation theme.
Market Pulse Summary
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 Terms
forward-looking statements regulatory
AI-generated analysis. Not financial advice.
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
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
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