The first three months of 2026 proved to be difficult, from a revenue standpoint, for Saga Communications, with its net loss widening, Station Operating Income plummeting, and minimal station operating expense increases.
With no commentary ahead of a quarterly earnings call held on Thursday opposite that of broadcast TV station owner Gray Media, Saga shared that its net operating revenue fell to $22.87 million, from $24.21 million. Station operating expense inched ahead to $22.01 million, from $21.96 million.
This resulted in a wider net loss of $2.39 million (-$0.38 per share), compared to $1.58 million (-$0.25) one year ago.
With no analysts reporting to Yahoo! Finance tracking Saga, and volume averaging just 8,778 shares, institutional investors such as Daniel Tisch’s Towerview LLC are the parties likely most impacted by Saga’s earnings trends. Towerview holds 18.25% interest in Saga; Gate City Capital Management, considered a dissident shareholder in recent times, had 13.6% interest in Saga as of the end of 2025.
Saga’s radio station portfolio includes properties in markets ranging from Columbus, Ohio and Charleston, S.C., to tiny locales including Bucyrus, Ohio; Greenfield, Mass.; and Clarksville, Tenn.
Saga Communications’ Board of Directors declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on June 12 to shareholders of record on May 22, 2026.
