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 (SGA) filed its Q3 2025 10‑Q, reporting net operating revenue of $28.2 million versus $28.7 million a year ago. The quarter swung to a net loss of $0.5 million compared with net income of $1.3 million last year, or diluted EPS of $(0.08) versus $0.20. Year‑to‑date revenue was $80.6 million versus $83.7 million, with a net loss of $1.0 million versus net income of $2.2 million.
Operating cash flow remained positive: net cash provided by operating activities was $5.5 million for the nine months. Cash and equivalents were $17.1 million, long‑term debt was $5.0 million, and the company had $45 million of unused revolver capacity at quarter‑end. The company recorded approximately $2.1 million of retroactive ASCAP and BMI rate adjustments in station operating expenses. Assets held for sale were $4.4 million and liabilities held for sale were $0.8 million.
Subsequent event: Saga sold 24 telecom towers at 22 sites for approximately $10.7 million, receiving about $8.7 million in cash at closing and $1.8 million placed in escrow, with 25‑year $1 annual leasebacks for continued use. The board declared quarterly dividends totaling $0.75 per share year‑to‑date.
Saga Communications, Inc. filed a Form 8-K to furnish a press release announcing its financial results for the three and nine months ended September 30, 2025. The company states that the press release, dated November 6, 2025, is included as Exhibit 99.1 to the filing.
The furnished information under Item 2.02, including Exhibit 99.1, is expressly described as not being deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and will only be incorporated into other Securities Act or Exchange Act filings if specifically referenced.
Saga Communications (SGA) reported an insider transaction on a Form 4. On 10/21/2025, the reporting person sold 1,669 shares of Class A Common Stock (transaction code S) at a $12.5002 weighted average price, with individual trades ranging from $12.50 to $12.53. Following the sale, the insider beneficially owned 886,709 shares, held directly.
Saga Communications (SGA) director Judith Christian reported an insider sale on a Form 4. On 10/16/2025, she sold 761 shares of Class A Common Stock at a weighted average price of $12.5066, with trades executed between $12.50 and $12.52.
Following the transaction, she beneficially owns 888,378 shares, held directly. The filing notes that detailed trade breakdowns within the price range are available upon request.
Saga Communications (SGA) sold 24 telecommunications towers and related assets at 22 sites for approximately $10.7 million. At closing, the company received approximately $8.7 million in net proceeds, with $1.8 million placed in escrow. The escrow is expected to be released within the next six months upon landlord consents for four tower sites; if consents are not obtained, those site sales will be unwound and revert to the subsidiaries. Simultaneously, the company entered into 25-year leases for continued tower use at annual payments of $1 per lease.
The company also executed a Fourth Amendment to its Credit Agreement, reducing the aggregate revolving commitments from $50,000,000 to $40,000,000 and releasing the agent’s security interest in the GTC Assets, excluding any proceeds or other collateral.
Saga Communications (SGA) insider reported open‑market sales of Class A Common Stock. On 10/14/2025, the filer sold 748 shares at a weighted average price of $12.5071, with trades ranging from $12.50 to $12.60. On 10/15/2025, the filer sold 682 shares at a weighted average price of $12.56, with trades ranging from $12.50 to $12.64. Following these transactions, the filer beneficially owned 889,139 shares, held directly.
Edward K. Christian Trust reported a sale of 1 share of Class A common stock of Saga Communications, Inc. (SGA) on 10/08/2025 at a price of $13.03 per share. After the transaction the reporting person beneficially owned 890,569 shares. The form is signed by Judith Christian, Trustee and indicates the reporting person is a Director and listed as a 10% Owner of the issuer. No derivative transactions are reported.
Gregory David Sutherland, listed as a Director of Saga Communications, Inc. (SGA), filed an initial Form 3 reporting that he does not beneficially own any securities of the issuer. The event date requiring the statement is 09/29/2025. The filing shows the Form 3 was signed on behalf of the reporting person by an attorney‑in‑fact, Adin J. Tarr, on 10/09/2025. The document includes the reporting person’s business address in Grosse Pointe Farms, Michigan, and checks the box indicating the filer is a Director and that the form was filed by one reporting person. No non‑derivative or derivative holdings are listed.
Saga Communications, Inc. reporting person Edward K. Christian Trust sold a total of 639 shares of Class A common stock across two dates, reducing direct beneficial ownership from 890,580 to 890,570 shares. On 10/06/2025 the trust sold 629 shares at a weighted average price of $13.04. On 10/07/2025 it sold 10 shares at a weighted average price of $13.001. The transactions are reported on a Form 4 filed and signed by Judith Christian, Trustee.
SAGA Communications, Inc. (SGA) filing a Form 144 notice reporting a proposed sale of 1 Class A common share with an aggregate market value of $13.03 to be sold through Morgan Stanley Smith Barney LLC on 10/08/2025 on NASDAQ. The shares were acquired on 08/19/2022 as a distribution from a trust established by Edward K. Christian. The filing lists 6,439,921 shares outstanding.
The filing also discloses multiple recent trust sales over July–October 2025 totaling several thousand Class A shares, with individual sale proceeds shown (examples: $44,967.12 on 07/11/2025, $40,733.42 on 07/14/2025, $20,975.00 on 10/02/2025). The filer certifies no undisclosed material adverse information.