GROSSE POINTE FARMS, Mich., Aug. 22, 2022 (GLOBE NEWSWIRE) — Saga Communications, Inc. (Nasdaq – SGA) (the “Company” or “Saga”) pronounces immediately with nice respect and sorrow the passing of our founder, Chairman, President and CEO, Ed Christian. Ed handed away on Friday, August 19th after a brief sickness.
Warren Lada, a member of Saga’s Board of Directors and former Chief Operating Officer, has been appointed by the Board to function the Interim CEO. The Board is assured that Warren’s huge expertise in the broadcast trade as a gross sales consultant, gross sales supervisor, normal supervisor, Vice President of Operations and finally as Chief Operating Officer of the Company will fill the void that Ed leaves as the Company prepares for the subsequent chapter in “Saga’s ongoing adventure.”
Ed based the Company in 1986 and has fostered its progress to proudly owning 79 FM radio stations, 35 AM radio stations and 80 translator stations in 27 markets. Under Ed’s management the Company turned a publicly traded firm in 1992 and continues to be traded beneath the ticker image “SGA” on the Nasdaq inventory change.
The broadcast trade has misplaced a pioneer and big. Saga expresses its heartfelt condolences to the Christian household and Ed’s mates and colleagues. Ed shall be missed however not forgotten. He is and was a real radio broadcaster that by no means misplaced sight of his “true north” in an trade he cherished.
This press launch comprises sure forward-looking statements inside the which means of the U.S. Private Securities Litigation Reform Act of 1995 which are based mostly upon present expectations and contain sure dangers and uncertainties. Words similar to “will,” “may,” “believes,” “expects,” “anticipates,” “guidance,” and related expressions are meant to establish forward-looking statements. The materials dangers going through our business are described in the stories Saga periodically recordsdata with the U.S. Securities and Exchange Commission, together with specifically Item 1A of our Annual Report on Form 10-Okay. Readers ought to notice that forward-looking statements could also be impacted by a number of elements, together with world, nationwide and native financial adjustments and adjustments in the radio broadcast trade generally, in addition to Saga’s precise efficiency. Actual outcomes might range materially from these described herein and Saga undertakes no obligation to replace any data contained herein that constitutes a forward-looking assertion.
Saga is a broadcasting firm whose business is dedicated to buying, creating and working broadcast properties. Saga owns or operates broadcast properties in 27 markets, together with 79 FM radio stations, 35 AM radio stations and 80 metro indicators. For extra data, contact Samuel D. Bush at (313) 886-7070 or go to our web site at www.sagacom.com.
Contact:
Samuel D. Bush
(313) 886-7070
