GROSSE POINTE FARMS, Mich., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company,” “Saga” or “our”) today announced that it repurchased 184,215 shares of its common stock for an aggregate purchase price of approximately $2.1 million, or $11.50 per share, through a privately negotiated transaction. The repurchased shares represent approximately 2.8% of the company’s currently outstanding common stock, based on 6,556,621 shares outstanding as of December 11, 2025. After clo ...

Core Insights - Saga Communications, Inc. reported a net revenue decrease of 1.8% to $28.2 million for Q3 2025 compared to $28.7 million in Q3 2024, primarily due to increased operating expenses related to a music licensing settlement [1][2] - The company experienced an operating loss of $626 thousand in Q3 2025, a significant decline from an operating income of $1.6 million in the same quarter last year [1][2] - For the nine-month period ending September 30, 2025, net revenue decreased by 3.7% to $80.6 million compared to $83.7 million in the previous year [2][3] Financial Performance - Q3 2025 station operating expenses rose by $2.0 million or 8.7% to $24.7 million, largely due to a retroactive rate adjustment of approximately $2.1 million from music licensing organizations [1][2] - Without the impact of the music licensing settlement, the operating loss would have been an operating income of $1.5 million, and station operating income would have been $5.6 million [1][2] - For the nine-month period, station operating income decreased by 23.0% to $11.7 million, with an operating loss of $1.5 million compared to an operating income of $1.4 million in the previous year [2][3] Capital Expenditures and Dividends - Capital expenditures for Q3 2025 were $600 thousand, unchanged from the same period last year, while total capital expenditures for the nine-month period were $2.6 million, down from $3.2 million [1][2] - The company paid a quarterly dividend of $0.25 per share on September 19, 2025, totaling approximately $1.6 million, and has paid over $140 million in dividends since 2012 [6][7] Balance Sheet and Cash Flow - As of September 30, 2025, the company had $26.3 million in cash and short-term investments, which increased to $34.2 million by November 3, 2025 [7] - The company expects to spend approximately $3.25 to $3.75 million on capital expenditures during 2025 [7] Political Revenue - Gross political revenue for Q3 2025 was $73 thousand, a significant decrease from $677 thousand in the same period last year, and for the nine-month period, it was $395 thousand compared to $1.3 million [4]

New York, N.Y., Oct. 21, 2025 (GLOBE NEWSWIRE) -- The National Association of Broadcasters (NAB) this evening celebrated the 2025 NAB Marconi Radio Awards, honoring excellence and performance in radio during a lively ceremony at the Edison Ballroom on the eve of NAB Show New York. Presented by NAB and sponsored by Xperi, the event was hosted by Danielle Monaro and Medha Gandhi, co-hosts of “Elvis Duran and the Morning Show,” and featured a special appearance by Grammy Award-winning producer and radio host D ...

Core Insights - The article discusses Andrew Ross Sorkin's new book "1929," which explores the events leading to the Great Crash of 1929 and its cultural impact on society [1][2][17] - The narrative highlights how the stock market dominated the culture of the time, with widespread participation from various social classes, including billionaires and everyday citizens [3][4][5] Group 1: Cultural Impact and Participation - The stock market was a central aspect of American culture in 1929, with significant involvement from the elite and the general public [3][4] - The book illustrates that many prominent figures, including Groucho Marx, were heavily affected by the market's downturn, showcasing the widespread nature of the crisis [4][14] - The optimism of the era was fueled by technological advancements, leading to a belief that capitalism could elevate everyone to millionaire status [5][6] Group 2: Key Figures and Their Roles - Charlie Mitchell, a significant figure in the financial landscape, promoted the idea of democratizing finance and was instrumental in the creation of modern credit systems [7][10] - Contrasting views emerged from various financial leaders, with some, like Charles Merrill, advising caution as early as 1928, while others believed the market was stable [9][11] - The book details the actions and decisions of influential figures during the crash, including Carter Glass, who warned against the practices that led to the financial collapse [10][12] Group 3: Market Dynamics and Policy Responses - The article emphasizes that the market's decline was not a singular event but a series of failures and poor policy decisions that followed the crash [13][16] - By the end of 1929, the stock market was only down 17%, indicating that the initial impact was not as severe as commonly perceived [13] - The lack of regulatory frameworks at the time, such as the absence of the SEC, contributed to the chaotic trading environment [15][16]