SAGA COMMUNICATIONS INC 8K

Saga Communications, Inc. announced weaker 2025 Q4 and full-year results due to a $20.4 million impairment and music licensing settlement costs, alongside tower asset monetization, ongoing dividends, and share repurchases, with details to be discussed on a March 12, 2026 conference call.

On March 12, 2026, Saga Communications, Inc. reported its unaudited financial results for the fourth quarter and full year ended December 31, 2025, disclosing a 9.3% decline in quarterly net revenue to $26.5 million and a shift to a quarterly net loss of $6.9 million and full-year net loss of $7.9 million, driven primarily by a $20.4 million non-cash impairment of goodwill and FCC licenses and a $2.2 million retroactive settlement expense with ASCAP and BMI; the company also highlighted strong growth in digital revenue, the October 17, 2025 sale and monetization of 24 telecommunications towers for total proceeds of $15.1 million (including an $11.6 million gain), continued dividend payments including a declared $0.25 per share dividend payable March 20, 2026, share repurchases of 219,326 Class A shares for $2.5 million during 2025, a cash and short-term investment balance of $31.8 million at year-end, expected 2026 capex of $3.5–4.5 million, and plans to host an earnings conference call on March 12, 2026.

Filing Facts

CIK

886136

Ticker

-

Form

8K

Source Type

sec

Accession

0001104659-26-026792

Alert Tier

7