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Form 8-K SAGA COMMUNICATIONS INC For: Apr 08

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April 8, 2015 12:53 PM EDT

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 8, 2015

 

 

SAGA COMMUNICATIONS, INC.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware   1-11588   38-3042953
(State or other jurisdiction   (Commission File Number)   (IRS Employer
of incorporation)       Identification No.)

 

73 Kercheval Avenue    
Grosse Pointe Farms, MI   48236
 (Address of Principal Executive Offices)   Zip Code)

 

Registrant’s telephone number, including area code: (313) 886-7070

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  
¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  
¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  
¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 

 

Item 8.01.Other Events.

 

On April 8, 2015, Saga Communications, Inc. issued a press release announcing that it has entered into an agreement to purchase the assets of WSVA-AM, WHBG-AM, WQPO-FM, WJDV-FM, and WTGD-FM from M. Belmont VerStandig, Inc. All of the stations serve the Harrisonburg, VA radio market. The acquisition is expected to close, subject to the approval of the Federal Communications Commission, in June 2015. The press release, dated April 8, 2015, is attached as Exhibit 99.1 to this Form 8-K.

 

Item 9.01.Financial Statements and Exhibits.

 

  (d)Exhibits.

 

99.1Press Release dated April 8, 2015.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  SAGA COMMUNICATIONS, INC.  
       
       
Dated: April 8, 2015 By: /s/ Samuel D. Bush  
    Samuel D. Bush  
    Senior Vice President and Chief  
    Financial Officer  

 

 
 

 

INDEX OF EXHIBITS

 

Exhibit No. Description
99.1 Press Release dated April 8, 2015.

  

 

 

 

Saga Communications, Inc. Enters into an Agreement to Acquire 3 FM and 2 AM Radio Stations and 1 FM Translator Serving the Harrisonburg, VA Radio Market

GROSSE POINTE FARMS, Mich., April 8, 2015 /PRNewswire/ -- Saga Communications, Inc. (NYSE MKT: SGA) announced today that it has entered into an agreement to purchase the assets of WSVA-AM, WHBG-AM, WQPO-FM, WJDV-FM, and WTGD-FM from the VerStandig family. All the stations serve the Harrisonburg, VA radio market. Saga expects to close the transaction, subject to the approval of the Federal Communications Commission, in June 2015.

Edward K. Christian, President and Chief Executive Officer of Saga Communications, said, "These stations fit very well into our model of owning heritage radio stations that are very tightly focused on serving their local communities. We look forward to working with the existing staff to continue the great heritage that these stations have established. Saga intends to continue building its business in both the radio and television markets by identifying and acquiring middle market stations."

Saga is a broadcasting company whose business is devoted to acquiring, developing and operating broadcast properties. Saga owns or operates broadcast properties in 25 markets, including 62 FM and 30 AM radio stations, 1 state radio network, 4 television stations and 5 low-power television stations. For additional information, contact us at (313) 886-7070 or visit our website at www.sagacom.com.

This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as "believes," "expects," "anticipates," "guidance" and similar expressions are intended to identify forward-looking statements. Key risks, including risks associated with Saga's ability to effectively integrate the stations it acquires and the impact of federal regulation on Saga's business, are described in the reports Saga periodically files with the U.S. Securities and Exchange Commission, including Item 1A of our Annual Report on Form 10-K. Readers should note that these statements may be impacted by several factors, including national and local economic changes and changes in the radio and television broadcast industry in general, as well as Saga's actual performance. Results may vary from those stated herein and Saga undertakes no obligation to update the information contained here.

Logo - http://photos.prnewswire.com/prnh/20150408/197361LOGO



CONTACT: Samuel D. Bush, 313/886-7070


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