Saga Communications, Inc., a broadcast company, acquires, develops, and operates broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, adult hits, top 40, country, country legends, mainstream/hot/soft adult contemporary, pure oldies, classic rock, and news/talk. As of February 28, 2021, it owned seventy-nine FM, thirty-five AM radio stations, and seventy-nine metro signals serving twenty-seven markets. The company was founded in 1986 and is headquartered in Grosse Pointe Farms, Michigan.
IPO Year:
Exchange: NASDAQ
Website: sagacom.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/31/2023 | $27.00 | Outperform | Noble Capital Markets |
4 - SAGA COMMUNICATIONS INC (0000886136) (Issuer)
4 - SAGA COMMUNICATIONS INC (0000886136) (Issuer)
4 - SAGA COMMUNICATIONS INC (0000886136) (Issuer)
4 - SAGA COMMUNICATIONS INC (0000886136) (Issuer)
4 - SAGA COMMUNICATIONS INC (0000886136) (Issuer)
4 - SAGA COMMUNICATIONS INC (0000886136) (Issuer)
4 - SAGA COMMUNICATIONS INC (0000886136) (Issuer)
4 - SAGA COMMUNICATIONS INC (0000886136) (Issuer)
4 - SAGA COMMUNICATIONS INC (0000886136) (Issuer)
4 - SAGA COMMUNICATIONS INC (0000886136) (Issuer)
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GROSSE POINTE FARMS, Mich., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company" or "Saga") today announced the promotions of Samuel D. Bush to Executive Vice President as well as continuing his position as Chief Financial Officer and Treasurer. Mr. Bush joined Saga in 1997 as Vice President, Chief Financial Officer and Treasurer later being promoted to Senior Vice President in 2002. Also announced today is the promotion of Wayne Leland from Senior Vice President/Operations to Chief Operating Officer. Mr. Leland joined Saga in 2011 as General Manager of the Company's radio stations in Norfolk, VA later being promoted to President of Tidewater Communic
GROSSE POINTE FARMS, Mich., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company" or "Saga") today announced the confirmation of Christopher Forgy as the Company's President and Chief Executive Officer ("CEO") effective December 7, 2022. He will lead the company in continuing the strategy to acquire, develop and operate radio stations in unique markets where Saga can impact and connect with the communities where we operate as Ed Christian directed since founding the Company in 1986. Chris has served as Saga's Senior Vice President/Operations since 2018. Chris Forgy stated "I am honored, humbled, excited and ready to begin my new role as only the second
GROSSE POINTE FARMS, Mich., April 14, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (NASDAQ:SGA) announced today that it will release its 1st Quarter 2025 results at 9:00 a.m. EDT on Thursday, May 8, 2025. The company will be holding a conference call on the same date at 11:00 a.m. EDT. The dial-in numbers are as follows: Domestic and International Dial-in Number: (973) 528-0008 Conference Entry Code: 530273 The Company requests that all parties that have a question that they would like to submit to the Company to please email the inquiry by 10:00 a.m. EDT on May 8, 2025, to [email protected]. The Company will discuss, during the limited period of the conference call, those inquir
GROSSE POINTE FARMS, Mich., March 11, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company," "Saga," "we," or "our") today reported that net revenue decreased 1.3% to $28.8 million for the quarter ended December 31, 2024 compared to $29.1 million for the same period last year. Station operating expense increased 4.1% for the quarter to $24.3 million compared to the same period last year. For the quarter, operating income was $984 thousand compared to $2.8 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 17.2% to $5.9 million. Capital expenditures were $600 thousand for the quarter compared to $1.0 millio
GROSSE POINTE FARMS, Mich., March 07, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (NASDAQ:SGA) (the "Company," "Saga," "we" or "our") today provided its shareholders with an update on the Company's ongoing execution of its strategic plan in advance of its earnings call on March 11, 2025. Saga Chief Executive Officer Chris Forgy stated, "Since Saga's founding in 1986, we have endeavored to create and sustain a platform for which we can successfully acquire, develop, and operate broadcast properties with a focus on providing opportunities complimentary to our core radio business, including digital, e-commerce, local on-line news services and non-traditional revenue initiatives. At pr
GROSSE POINTE FARMS, Mich., March 03, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (NASDAQ:SGA) announced today that it will release its 4th Quarter and Year End 2024 results at 9:00 a.m. EST on Tuesday, March 11, 2025. The company will be holding a conference call on the same date at 11:00 a.m. EST. The dial-in numbers are as follows: Domestic and International Dial-in Number: (973) 528-0008 Conference Entry Code: 424193 In addition to the Company releasing its 4th Quarter and Year End earnings the Company will discuss: The Company's execution of its ongoing digital strategy.The Company's ongoing efforts to evaluate non-core asset sales and the use of such proceeds for buybacks,
GROSSE POINTE FARMS, Mich., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company", "Saga" or "our") today announced that its Board of Directors ("Board") declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on March 7, 2025, to shareholders of record on February 18, 2025. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company's balance sheet. Including this dividend, the Company will have paid approximately $137 million in dividends to shareholders since the first special dividend was paid in 2012
GROSSE POINTE FARMS, Mich., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company", "Saga" or "our") today announced that its Board of Directors ("Board") declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on December 13, 2024, to shareholders of record on November 25, 2024. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company's balance sheet. Including this dividend, the Company will have paid approximately $135 million in dividends to shareholders since the first special dividend was paid in 2
GROSSE POINTE FARMS, Mich., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company" or "Saga") today reported that net revenue decreased 3.5% to $28.1 million for the quarter ended September 30, 2024 compared to $29.1 million for the same period last year. Station operating expense increased 3.1% for the quarter to $23.5 million compared to the same period last year. For the quarter, operating income was $1.6 million compared to $3.5 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 21.2% to $6.0 million. Capital expenditures were $625 thousand for the quarter compared to $760 thousand for the same
GROSSE POINTE FARMS, Mich., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (NASDAQ:SGA) announced today that it will release its 3rd Quarter 2024 results at 9:00 a.m. EST on Thursday, November 7, 2024. The company will be holding a conference call on the same date at 11:00 a.m. EST. The dial-in numbers are as follows: Domestic and International Dial-in Number: (973) 528-0008 Conference Entry Code: 674708 The Company requests that all parties that have a question that they would like to submit to the Company to please email the inquiry by 10:00 a.m. EST on November 7, 2024, to [email protected]. The Company will discuss, during the limited period of the conference call, tho
GROSSE POINTE FARMS, Mich., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company" or "Saga") today announced the promotions of Samuel D. Bush to Executive Vice President as well as continuing his position as Chief Financial Officer and Treasurer. Mr. Bush joined Saga in 1997 as Vice President, Chief Financial Officer and Treasurer later being promoted to Senior Vice President in 2002. Also announced today is the promotion of Wayne Leland from Senior Vice President/Operations to Chief Operating Officer. Mr. Leland joined Saga in 2011 as General Manager of the Company's radio stations in Norfolk, VA later being promoted to President of Tidewater Communic
GROSSE POINTE FARMS, Mich., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company", "Saga" or "our") today announced that its Board of Directors ("Board") declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on October 18, 2024, to shareholders of record on September 25, 2024. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company's balance sheet. Including this dividend, the Company will have paid approximately $134 million in dividends to shareholders since the first special dividend was paid in
Noble Capital Markets initiated coverage of Saga Comms with a rating of Outperform and set a new price target of $27.00
4 - SAGA COMMUNICATIONS INC (0000886136) (Issuer)
GROSSE POINTE FARMS, Mich., April 14, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (NASDAQ:SGA) announced today that it will release its 1st Quarter 2025 results at 9:00 a.m. EDT on Thursday, May 8, 2025. The company will be holding a conference call on the same date at 11:00 a.m. EDT. The dial-in numbers are as follows: Domestic and International Dial-in Number: (973) 528-0008 Conference Entry Code: 530273 The Company requests that all parties that have a question that they would like to submit to the Company to please email the inquiry by 10:00 a.m. EDT on May 8, 2025, to [email protected]. The Company will discuss, during the limited period of the conference call, those inquir
GROSSE POINTE FARMS, Mich., March 11, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company," "Saga," "we," or "our") today reported that net revenue decreased 1.3% to $28.8 million for the quarter ended December 31, 2024 compared to $29.1 million for the same period last year. Station operating expense increased 4.1% for the quarter to $24.3 million compared to the same period last year. For the quarter, operating income was $984 thousand compared to $2.8 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 17.2% to $5.9 million. Capital expenditures were $600 thousand for the quarter compared to $1.0 millio
GROSSE POINTE FARMS, Mich., March 07, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (NASDAQ:SGA) (the "Company," "Saga," "we" or "our") today provided its shareholders with an update on the Company's ongoing execution of its strategic plan in advance of its earnings call on March 11, 2025. Saga Chief Executive Officer Chris Forgy stated, "Since Saga's founding in 1986, we have endeavored to create and sustain a platform for which we can successfully acquire, develop, and operate broadcast properties with a focus on providing opportunities complimentary to our core radio business, including digital, e-commerce, local on-line news services and non-traditional revenue initiatives. At pr
GROSSE POINTE FARMS, Mich., March 03, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (NASDAQ:SGA) announced today that it will release its 4th Quarter and Year End 2024 results at 9:00 a.m. EST on Tuesday, March 11, 2025. The company will be holding a conference call on the same date at 11:00 a.m. EST. The dial-in numbers are as follows: Domestic and International Dial-in Number: (973) 528-0008 Conference Entry Code: 424193 In addition to the Company releasing its 4th Quarter and Year End earnings the Company will discuss: The Company's execution of its ongoing digital strategy.The Company's ongoing efforts to evaluate non-core asset sales and the use of such proceeds for buybacks,
GROSSE POINTE FARMS, Mich., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company", "Saga" or "our") today announced that its Board of Directors ("Board") declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on March 7, 2025, to shareholders of record on February 18, 2025. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company's balance sheet. Including this dividend, the Company will have paid approximately $137 million in dividends to shareholders since the first special dividend was paid in 2012
GROSSE POINTE FARMS, Mich., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company", "Saga" or "our") today announced that its Board of Directors ("Board") declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on December 13, 2024, to shareholders of record on November 25, 2024. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company's balance sheet. Including this dividend, the Company will have paid approximately $135 million in dividends to shareholders since the first special dividend was paid in 2
GROSSE POINTE FARMS, Mich., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company" or "Saga") today reported that net revenue decreased 3.5% to $28.1 million for the quarter ended September 30, 2024 compared to $29.1 million for the same period last year. Station operating expense increased 3.1% for the quarter to $23.5 million compared to the same period last year. For the quarter, operating income was $1.6 million compared to $3.5 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 21.2% to $6.0 million. Capital expenditures were $625 thousand for the quarter compared to $760 thousand for the same
GROSSE POINTE FARMS, Mich., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (NASDAQ:SGA) announced today that it will release its 3rd Quarter 2024 results at 9:00 a.m. EST on Thursday, November 7, 2024. The company will be holding a conference call on the same date at 11:00 a.m. EST. The dial-in numbers are as follows: Domestic and International Dial-in Number: (973) 528-0008 Conference Entry Code: 674708 The Company requests that all parties that have a question that they would like to submit to the Company to please email the inquiry by 10:00 a.m. EST on November 7, 2024, to [email protected]. The Company will discuss, during the limited period of the conference call, tho
GROSSE POINTE FARMS, Mich., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company", "Saga" or "our") today announced that its Board of Directors ("Board") declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on October 18, 2024, to shareholders of record on September 25, 2024. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company's balance sheet. Including this dividend, the Company will have paid approximately $134 million in dividends to shareholders since the first special dividend was paid in
GROSSE POINTE FARMS, Mich., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company" or "Saga") today reported that net revenue decreased 1.5% to $28.7 million for the quarter ended June 30, 2024 compared to $29.2 million for the same period last year. Station operating expense increased 5.1% for the quarter to $23.5 million compared to the same period last year. For the quarter, operating income was $2.1 million compared to $4.3 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased to $6.4 million from $8.0 million for the same period last year. Capital expenditures were $1.5 million for the quarter co