Saga Communications, Inc. filings document the formal record for a Florida media company with Class A common stock traded under SGA. Recent Form 8-K reports furnish earnings releases, dividend declarations, executive officer duty updates and other material events, including exhibits and Inline XBRL cover-page data.
The company's proxy materials describe annual meeting proposals, director elections, auditor ratification and executive-compensation votes. Other filings address periodic-report timing and related financial-reporting matters, while operating disclosures center on broadcast properties, advertising revenue, station operating measures, digital initiatives, capital allocation and governance of the public-company issuer.
Saga Communications reported a larger net loss for the quarter ended March 31, 2026 as revenue declined and it breached a key debt covenant. Net operating revenue fell to $22.9 million from $24.2 million, mainly from weaker local, national and other revenue, partly offset by strong digital growth.
Station operating expenses were steady at $22.0 million, while corporate costs and depreciation declined, leading to an operating loss of $3.3 million. Net loss widened to $2.4 million or $(0.38) per share. Digital advertising revenue rose to $4.4 million, about 19% of total revenue, reflecting the company’s blended radio‑and‑digital strategy.
Saga ended the quarter with cash and cash equivalents of $21.1 million and long‑term debt of $5.0 million. Its fixed charge coverage ratio was 0.92 to 1.00 versus the 1.15 to 1.00 minimum under its Credit Agreement; lenders granted a waiver for this March 31, 2026 covenant noncompliance.
Saga Communications, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share on its Class A common stock. The dividend will be paid on June 12, 2026 to shareholders of record on May 22, 2026.
The company expects the aggregate dividend payment to be approximately $1.6 million, funded from cash on its balance sheet. Including this dividend, Saga states it has paid over $145 million in dividends to shareholders since its first special dividend in 2012 and notes that any future dividends or buybacks will remain at the Board’s full discretion.
Saga Communications, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share on its Class A common stock. The dividend will be paid on June 12, 2026 to shareholders of record on May 22, 2026.
The company expects the aggregate dividend payment to be approximately $1.6 million, funded from cash on its balance sheet. Including this dividend, Saga states it has paid over $145 million in dividends to shareholders since its first special dividend in 2012 and notes that any future dividends or buybacks will remain at the Board’s full discretion.
Saga Communications, Inc. reported weaker results for the quarter ended March 31, 2026. Net operating revenue fell 5.6% to $22.9 million from $24.2 million, while station operating income dropped 62.0% to $0.9 million. The company posted an operating loss of $3.3 million and a net loss of $2.4 million, compared with losses of $2.3 million and $1.6 million a year earlier. Diluted loss per share widened to $0.38 from $0.25. Saga paid a quarterly dividend of $0.25 per share in March 2026 (about $1.6 million) and declared another $0.25 dividend with a record date of May 22, 2026 and payable June 12, 2026. Cash and short-term investments were $30.4 million as of March 31, 2026 and $27.8 million as of May 4, 2026. Trailing twelve month consolidated EBITDA, a non-GAAP measure, was $4.0 million, and the consolidated net leverage ratio was reported at (1.51), reflecting net cash.
Saga Communications, Inc. reported weaker results for the quarter ended March 31, 2026. Net operating revenue fell 5.6% to $22.9 million from $24.2 million, while station operating income dropped 62.0% to $0.9 million. The company posted an operating loss of $3.3 million and a net loss of $2.4 million, compared with losses of $2.3 million and $1.6 million a year earlier. Diluted loss per share widened to $0.38 from $0.25. Saga paid a quarterly dividend of $0.25 per share in March 2026 (about $1.6 million) and declared another $0.25 dividend with a record date of May 22, 2026 and payable June 12, 2026. Cash and short-term investments were $30.4 million as of March 31, 2026 and $27.8 million as of May 4, 2026. Trailing twelve month consolidated EBITDA, a non-GAAP measure, was $4.0 million, and the consolidated net leverage ratio was reported at (1.51), reflecting net cash.
Saga Communications is asking shareholders to vote at its fully virtual 2026 annual meeting on June 1, 2026. Shareholders will elect seven directors, ratify Crowe LLP as independent auditor for 2026, and cast an advisory vote on named executive officer pay.
The board remains majority independent and has formal committees for audit, compensation, nominating/governance, and a Cybersecurity Subcommittee formed in 2023. As of April 6, 2026, 6,363,968 Class A shares were outstanding, with TowerView LLC and the Edward K. Christian Trust among the largest holders.
In 2025, the CEO earned total compensation of $1.43 million, primarily salary, bonus, and restricted stock, while other named executives received mix of salary, smaller bonuses, and equity. Non‑employee directors received annual cash retainers of $72,000 plus stock awards of about $53,000, and Crowe LLP billed $470,500 in 2025 audit and related fees.
Saga Communications, Inc. reported that Chief Executive Officer Christopher S. Forgy has resumed all regular duties and responsibilities after a temporary medical leave. The company previously disclosed on February 13, 2026 that he began an indefinite medical leave to recover from open heart surgery.
During his recovery, Mr. Forgy remained available for consultation on significant matters, returned initially on a part-time basis, and led the company’s 4th Quarter and Year-End 2025 conference call on March 12, 2026. While he was away, the executive team, led by Chief Operating Officer Wayne Leland and Chief Financial Officer Samuel D. Bush, maintained continuity of operations.
Saga Communications, Inc. filed its annual report describing a radio and digital media business focused on mid-sized U.S. markets. As of February 28, 2026, it owned eighty-two FM stations, thirty AM stations and seventy-nine metro signals across twenty-eight markets.
Advertising remains the main revenue driver. For the year ended December 31, 2025, local advertising generated about $102,984,000, or 91% of gross revenue, while national advertising contributed about $10,423,000. Digital services, including search, display, streaming and social campaigns, produced about $16,947,000, or 15% of gross revenue, with both local and national digital shares increasing versus 2024.
The company highlights risks from economic cycles, inflation, supply-chain disruptions, geopolitical conflicts and health or natural disasters that can reduce advertisers’ budgets. It also details extensive FCC regulation, ownership limits and evolving rules around foreign ownership, political advertising, emergency alerts and new technologies such as HD radio, FM translators and geo-targeted boosters. As of December 31, 2025, Saga reported approximately $5,000,000 in long-term debt and employed about 580 full-time and 199 part-time staff.
Saga Communications, Inc. notified the SEC it cannot timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 by the prescribed due date of March 31, 2026. The company needs additional time to analyze technical tax matters and accounting impacts related to a sale-leaseback transaction disclosed on October 20, 2025, and expects to file within the fifteen calendar day extension under Rule 12b-25. The filing was signed on April 1, 2026 by Samuel D. Bush, CFO.
Saga Communications reported weaker results for the quarter and year ended December 31, 2025, driven by an impairment charge and softer advertising. Q4 net revenue fell 9.3% to $26.5 million, while digital revenue grew 25.8% to $4.3 million. The quarter swung to an operating loss of $9.5 million and a net loss of $6.9 million, versus prior-year profits.
For 2025, net revenue declined 5.1% to $107.1 million and net loss was $7.9 million versus net income of $3.5 million in 2024, largely due to a $20.4 million impairment of goodwill and FCC licenses and a $2.2 million retroactive music licensing settlement. The company monetized 24 towers, recording an $11.6 million gain on total proceeds of $15.1 million, repurchased 219,326 shares for $2.5 million, paid quarterly dividends of $0.25 per share and ended 2025 with $31.8 million in cash and short-term investments.
Saga Communications Inc. insider Edward K. Christian Trust, identified as a more than 10% owner, reported an open-market sale of 5,665 shares of Class A Common Stock on February 25, 2026. The shares were sold at a weighted average price of $12.0654 per share, with individual trades executed between $12.00 and $12.27. After this transaction, the trust still directly holds 881,044 shares of Saga Communications Inc. common stock.