1. Saga repurchased 184,215 shares for $2.1 million at $11.50 each. 2. Repurchased shares constitute about 2.8% of outstanding stock. 3. CFO cites commitment to shareholder value and financial stability. 4. Transaction allows greater flexibility in capital structure. 5. Saga operates in media across 28 markets focusing on diverse advertising needs.
FAQ
Why Bullish?
Share buybacks typically indicate company confidence, potentially driving share prices higher. Historical examples show buybacks can result in elevated stock performance in the mid-to-long term.
How important is it?
The stock repurchase demonstrates financial health and commitment to shareholders, likely encouraging investor interest. This action aligns with positive market sentiment towards SGA.
Why Short Term?
The immediate effect of buybacks is usually felt quickly as demand increases due to reduced supply. Recent trends show that stocks often rise post-announcement of such actions.
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Saga Communications, Inc. Repurchases 2.8% of Outstanding Shares
Date: December 15, 2025
Source: GlobeNewsWire
Overview of the Stock Repurchase
On December 15, 2025, Saga Communications, Inc. (Nasdaq: SGA) announced the completion of a stock repurchase transaction, showcasing its commitment to enhancing shareholder value. The company repurchased a total of 184,215 shares of its common stock for an aggregate cost of approximately $2.1 million, or $11.50 per share. This repurchase accounts for around 2.8% of Saga's currently outstanding shares, which totaled 6,556,621 as of December 11, 2025.
Details of the Transaction
The repurchased shares were acquired through a privately negotiated agreement and have been returned to treasury, meaning they are no longer outstanding. This strategic move not only reflects Saga’s financial prudence but also reinforces its long-term confidence in its business model and economic stability.
Management's Insights on the Repurchase
Chief Financial Officer Samuel Bush commented on the significance of the transaction: “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.” Bush emphasized that Saga is focused on disciplined capital allocation aimed at generating meaningful returns for all stakeholders.
About Saga Communications, Inc.
Saga Communications, Inc. is a prominent media company involved in various platforms including radio broadcasting, digital media, e-commerce, and local online news. The company operates in 28 markets and provides comprehensive advertising services to national, regional, and local advertisers, effectively addressing their evolving advertising needs.
Contact Information
For further inquiries, please contact Saga Communications at: (313) 886-7070 or visit their website at www.sagacom.com.
Forward-Looking Statements
This announcement may contain certain forward-looking statements as defined by the U.S. Private Securities Litigation Reform Act of 1995, reflecting the company's current expectations and involving risks and uncertainties. Terms such as “will,” “may,” “believes,” “intends,” “expects,” “anticipates,” and similar expressions identify these forward-looking statements. Potential risks affecting the business are detailed in documents periodically filed with the U.S. Securities and Exchange Commission, especially in Item 1A of the Annual Report on Form 10-K. Readers should understand that these forward-looking statements may be subject to various factors, including changes in the economic landscape and the radio broadcasting industry, along with Saga’s operational performance.