Saga Communications, Inc. Provides Strategic Update in Advance of March 11 Earnings Call

Core Viewpoint - Saga Communications, Inc. is actively executing its strategic plan to enhance shareholder value and improve financial performance ahead of its earnings call on March 11, 2025 [1][5]. Company Overview - Founded in 1986, Saga focuses on acquiring, developing, and operating broadcast properties, with a current portfolio of 82 FM radio stations, 31 AM radio stations, and 79 metro signals across 28 markets [2][8]. - The company aims to build positive relationships with audiences and clients while delivering robust value to shareholders [2]. Strategic Actions - Saga's management is committed to improving financial results and profitability through various strategic actions, including: - Prioritizing a cost-effective digital strategy tailored to consumer needs in a disruptive digital advertising market [5]. - Aligning costs and operating verticals to enhance profitability without compromising core strengths [5]. - Enhancing corporate governance and refreshing the Board of Directors by recruiting members with significant digital marketing experience [5]. - Evaluating non-core asset sales and stock repurchases to maximize value and enhance shareholder returns [5]. Shareholder Engagement - The company is engaging with its largest shareholder, TowerView LLC, and other investors to ensure alignment on strategic direction [3]. - Saga is addressing a nomination from Gate City Capital Management for four candidates to stand for election to the Board, emphasizing the importance of shareholder perspectives while contesting Gate City's understanding of the business and strategy [4][6]. Upcoming Events - Saga will provide an extensive update on its performance and strategy during the earnings call scheduled for March 11, 2025 [5].