Saga Communications, Inc. Closes on Sale of 22 Tower Sites

Saga Communications, Inc. Closes on Sale of 22 Tower Sites

GROSSE POINTE FARMS, Mich., Oct. 20, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company,” “Saga,” “we” or “our”) announced...

Saga $ells 22 Tower Sites

• Saga Communications, Inc. announced the sale of 22 tower sites to GTC Uno, LLC for approximately $10.7 million in a transaction that will continue to allow the Company to use the towers with no cash lease payment. The sale was effective on Oct. 1, 2025, and closed on October 17. Chris Forgy, Saga President & CEO, stated, “Saga previously announced its plans to optimize our portfolio of assets, and this is a significant step in doing so. We are…

Saga Sells 22 Tower Sites for $10.7 Million

Saga Communications has sold 22 of its broadcast tower sites to GTC Uno for a total of $10.7 million. GTC Uno is an offshoot of GTC Towers, a Florida-based company that builds and acquires broadcast and digital towers to lease out. Saga — another Florida-based company — entered into a purchase agreement with GTC Uno on Oct. 17. The agreement affirms that Saga will sell all 24 telecommunications towers and other related property located at the 22…

Saga Sells 22 Broadcast Towers in $10.7 Million Deal

Saga Communications has sold 22 of its broadcast tower sites to GTC Uno, LLC for $10.7 million in a deal that lets Saga continue using the facilities without lease payments. in a move marking another step in the broadcaster’s ongoing asset optimization strategy.

Saga Sells 22 Tower Sites For $10.7 Million

Saga Communications has completed the sale of 22 tower sites to GTC Uno LLC for approximately $10.7 million. Saga will be allowed to continue to use the towers with no cash lease payment. It intends to utilize a portion of the proceeds from the sale to fund stock buybacks, which may include open market repurchases, public and private block trades or other forms of buybacks. The implementation of any stock buyback program remains at the full disc…

Saga Completes Sales of Broadcast Tower Assets

BOCA RATON, FLA. — It was formed in December 2023. Since then, Tony Peduto has risen to Chief Executive Officer and has actively led a Sacramento-area broadcast tower company as it builds out the digital infrastructure required to support wireless networks, artificial intelligence (AI) and cloud services. Now, GTC Towers (formerly Grande Towers) is growing its asset stable by completing a deal with the company founded by the late Ed Christian.  …