Saga Communications,
Inc. SGA today announced that its Board of Directors has declared a
4 for 3 stock split on its Class A and Class B Common Shares. The new shares
will be distributed on January 16, 2013 to shareholders of record as of the
close of business on December 28, 2012. As a result of the stock split, each
shareholder of Class A Common Stock will receive one additional share of Class
A Common Stock for every three shares of Class A Common Stock owned, and each
shareholder of Class B Common Stock will receive one additional share of Class
B Common Stock for every three shares of Class B Common Stock owned.
Fractional shares will be paid for in cash.
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