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Saga Communications' (SGA) CEO Edward Christian on Q4 2017 Results - Earnings Call Transcript

Mar. 06, 2018 3:55 PM ETSaga Communications, Inc. (SGA)
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Saga Communications, Inc. (NASDAQ:SGA) Q4 2017 Earnings Conference Call March 6, 2018 11:00 AM ET


Edward Christian - Chairman, President and CEO

Samuel Bush - SVP, Treasurer and CFO



Ladies and gentlemen, thank you for standing by. Welcome to the Fourth Quarter and Year-End Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, President and CEO of Saga Communications, Mr. Ed Christian. Please go ahead.

Edward Christian

Thanks Greg, appreciate it. Welcome everybody. As usual we have the highlights and the lowlights from Sam Bush. And then we'll have to dialog on that and if there are any questions that have been sent in, we'll deal with those right at that point and time. Sam?

Samuel Bush

Thank you. Thank you, Ed. I prefer the highlights versus the lowlight but, we'll cover everything we can cover.

This call will contain forward-looking statements about our future performance and results of operations that involve risk and uncertainties that are described in the risk factor section of our most recent Form 10-K.

This call will also contain a discussion of certain non-GAAP financial measures. Reconciliation for all the non-GAAP financial measures to the most directly comparable GAAP measure are attached in the selected financial data table.

Again this quarter I'm not going to spend much time talking about the numbers for the quarter and year-end. I think the time is better spent in making sure that it is clear what the numbers represent. The press release mentioned four items you need to keep in mind as you are looking at our competitive numbers. First, the television station sale, which closed September 1, resulted in an approximate gain of $51 million pretax or $30 million net of tax. This gain does not reflect in

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