Core Insights - Saga Communications reported a decline in net revenue for both the fourth quarter and full year of 2025, primarily due to a significant drop in political advertising revenue [2][4][6] Financial Performance - In Q4 2025, net revenue decreased by $2.7 million, or 9.3%, to $26.5 million compared to $29.2 million in Q4 2024, largely attributed to reduced political revenue [3][6] - For the full year ended December 31, 2025, net revenue fell by $5.8 million, or 5.1%, to $107.1 million from $112.9 million in 2024, with political revenue dropping from $3.3 million to $650,000 [2][4] - The company recorded a non-cash impairment charge of $20.4 million in Q4, which turned operating income into a loss of $9.5 million, compared to an operating income of $1.0 million in the prior year [5][7] Operating Expenses - Station operating expenses decreased by 1.9% to $22.9 million in Q4, while full-year expenses remained flat at $91.8 million, impacted by a music licensing settlement that increased expenses by $2.2 million [1][9] - Excluding the impairment charge, Q4 operating income would have been $10.9 million, and full-year operating income would have been $9.4 million [7][8] Digital Revenue Growth - Digital and interactive revenue grew approximately 26% in Q4 and 19.1% for the full year, with management expecting a return to mid-single-digit revenue growth in the second half of 2026 [5][15][16] - The company plans to invest $1.5 million in digital infrastructure and hiring to support this growth, which will initially increase marketing expenses [5][18] Strategic Initiatives - Saga completed the sale of telecommunications towers, recognizing a gain of $11.6 million, which is expected to enhance financial flexibility [10][12] - The company continues to focus on integrating radio with digital services, aiming to enhance its competitive position in the market [20][21] Shareholder Returns - Saga paid a quarterly dividend of $0.25 per share in December 2025 and declared another for February 2026, totaling over $143 million in dividends since 2012 [13][14]

Core Viewpoint - Cumulus Media Inc. will host a conference call on August 7, 2025, to discuss its second quarter 2025 operating results, with a press release summarizing these results to be issued beforehand [1]. Group 1: Conference Call Details - The conference call is scheduled for Thursday, August 7th at 8:30 AM ET [1]. - Participants must register in advance to join the call, with a one-time email verification required [2]. - The call will be available in listen-only mode on the company's investor relations website, and a recording will be accessible shortly after the call [3]. Group 2: Dial-in Information - Domestic callers can join the call by dialing 833-470-1428, while international callers should dial 404-975-4839, using the participant access code 033528 [4]. Group 3: Company Overview - Cumulus Media is an audio-first media company reaching a quarter billion people monthly through 400 radio stations across 84 markets [5]. - The company offers nationally-syndicated programming from major brands and operates the Cumulus Podcast Network, providing original podcasts [5]. - Cumulus Media delivers advertising solutions through various platforms, including digital, mobile, and live events, enhancing local impact and national reach [5].

Core Viewpoint - Cumulus Media Inc. will host a conference call on May 1, 2025, to discuss its first quarter 2025 operating results, with a press release summarizing these results to be issued beforehand [1]. Group 1: Conference Call Details - The conference call is scheduled for May 1 at 8:30 AM ET, with a press release to be issued at approximately 8:00 AM ET [1]. - Participants must register in advance to join the conference call, with a one-time email address verification required [2]. - The call will be available in listen-only mode via the company's investor relations website, and a recording will be accessible shortly after the call [3]. Group 2: Dial-in Information - Domestic callers can join the call by dialing 833-470-1428, while international callers should dial 404-975-4839, using the participant access code 624457 if prompted [4]. Group 3: Company Overview - Cumulus Media is an audio-first media company reaching over a quarter billion people monthly through 400 radio stations across 84 markets [5]. - The company offers nationally-syndicated programming from major brands and operates the Cumulus Podcast Network, which features original podcasts [5]. - Cumulus Media provides advertisers with a combination of local impact and national reach through various platforms and services, including performance guarantees for advertising [5].