Saga Communications, Inc. (SGA) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

release. At this time, all participants have been placed on a listen-only mode. It is now my pleasure to turn the floor over to your host, Chris Borgi. The floor is yours. Thank you, Matt, and good morning to everyone who's taking the time to join Saga's 2025 Q1 earnings call. We appreciate your continued interest, support, and participation in what we believe is the best media company on the planet. It's been an interesting few months at the Sagaverse. headlined by several spirited conversations and strong opinions expressed on multiple topics surrounding Saga Communications Incorporated. You know, times like these could create a cause to check one's strategy, one's resolve, and ultimately yourself. But before, during, and after the recent conflict occurred, I was constantly reminded of the Stockdale Paradox. You may have heard it. It goes like this. In order to navigate difficult times, You must first confront the brutal facts, accepting the current reality, even if it's difficult. You must maintain faith by having an unwavering belief that you will prevail, no matter how long it takes. You must be consistent, continuing to work through pain and uncertainty. You must acknowledge your mistakes and accept that failure and bad decisions are inevitable. And then acknowledge it to yourself and to the rest of your team. We must overcome temporary difficulties by embracing challenges as temporary constraints and develop to plan to live in the disruption. Finally, we must stay focused and maintain a personal sense of resolve, spirituality, morality, values, and meaning. And we have to review some of those push points that included Saga's potential sale of non-core assets and what to do with the proceeds from those potential sales. For example, we've had multiple interactio...