Saga Communications Repurchases 2.8% of Outstanding Shares for $2.1 Million

Saga Communications repurchased 184,215 shares of its common stock for $2.1 million, representing about 2.8% of its outstanding shares. The repurchased shares were returned to treasury and are no longer outstanding. The company's CFO, Samuel Bush, said the transaction reflects Saga's confidence in its long-term strategy and financial strength, providing greater flexibility to manage its capital structure.