<SUBMISSION>
<ACCESSION-NUMBER>0000950135-09-000441
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20090127
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20090127
<DATE-OF-FILING-DATE-CHANGE>20090127
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>SAGA COMMUNICATIONS INC
<CIK>0000886136
<ASSIGNED-SIC>4832
<IRS-NUMBER>383042953
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-11588
<FILM-NUMBER>09546795
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>73 KERCHEVAL AVE
<CITY>GROSSE POINTE FARMS
<STATE>MI
<ZIP>48236
<PHONE>3138867070
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>73 KERCHEVAL AVE
<CITY>GROSSE POINTE FARMS
<STATE>MI
<ZIP>48236
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>b73796sce8vk.htm
<DESCRIPTION>SAGA COMMUNICATIONS, INC.
<TEXT>
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<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
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<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d) of the<BR>
Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date of Report (Date of earliest event reported): January&nbsp;27, 2009</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>SAGA COMMUNICATIONS, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in its Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>1-11588</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>38-3042953</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction <BR>
of incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer<BR>
Identification No.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="center"><B>73 Kercheval Avenue</B><BR></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="center"><B>Grosse Pointe Farms, MI</B><BR></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>48236</B></TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="center">(Address of Principal Executive Offices)<BR></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Registrant&#146;s telephone number, including area code: <B>(313)&nbsp;886-7070</B></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
</DIV>

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    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD>
</TR>

</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8.01 Other Events</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On January&nbsp;27, 2009, Saga Communications, Inc. announced that a 1-for-4 reverse stock split
would become effective as of 11:59&nbsp;p.m., Eastern Standard Time, on January&nbsp;28, 2009, as set forth
in the press release included as Exhibit&nbsp;99.1 hereto.
</DIV>
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(c)&nbsp;Exhibits.
</DIV>
<DIV align="center">
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    <TD width="84%">&nbsp;</TD>
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<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release dated January&nbsp;27, 2009.</TD>
</TR>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>


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    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
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    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>SAGA COMMUNICATIONS, INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left"> Dated:  January 27, 2009&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Samuel D. Bush
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Samuel D. Bush&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Senior Vice President,<br>
Chief Financial Officer and Treasurer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

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    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Exhibit&nbsp;Index</B>
</DIV>

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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release dated January&nbsp;27, 2009.</TD>
</TR>
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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>b73796scexv99w1.htm
<DESCRIPTION>EX-99.1 PRESS RELEASE DATED JANUARY 27, 2009
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;99.1</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Saga Communications, Inc.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Announces Effective Time of Previously-Announced Reverse Stock Split
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Contact:</B><BR>
Samuel D. Bush<BR>
313/886-7070
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Grosse Pointe Farms, MI &#150; January&nbsp;27, 2009 &#150; Saga Communications, Inc. (NYSE-SGA) (&#147;Saga&#148; or &#147;the
Company&#148;) announced today that a 1-for-4 reverse stock split of Saga&#146;s Class&nbsp;A Common Stock and
Class&nbsp;B Common Stock will become effective as of 11:59&nbsp;P.M., Eastern Standard Time, on January&nbsp;28,
2009 (the &#147;Effective Time&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Saga will implement the reverse stock split by filing a charter amendment with the Delaware
Secretary of State. The reverse stock split was approved by the Company&#146;s Board of Directors and
majority stockholder pursuant to Sections&nbsp;228 and 242 of the Delaware General Corporation Law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Saga&#146;s Class&nbsp;A Common Stock will begin trading on the NYSE on a split-adjusted basis when the
market opens on January&nbsp;29, 2009, under a new CUSIP number, 786598 300.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As a result of the reverse stock split, each four (4)&nbsp;shares of Saga&#146;s Class&nbsp;A Common Stock and
each four (4)&nbsp;shares of Class&nbsp;B Common Stock issued and outstanding immediately prior to the
Effective Time will be automatically combined into one (1)&nbsp;share of Class&nbsp;A Common Stock and one
(1)&nbsp;share of Class&nbsp;B Common Stock, respectively, subject to rounding up for fractional shares, as
described below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Since the same 1-for-4 reverse stock split ratio will be used to effect the reverse stock split of
both Saga&#146;s Class&nbsp;A Common Stock and Class&nbsp;B Common Stock, all stockholders will be affected
proportionately. The reverse stock split reduced the Company&#146;s issued and outstanding shares of
common stock from approximately 14,426,119 shares of Class&nbsp;A Common Stock and 2,402,338 shares of
Class&nbsp;B Common Stock to approximately 3,606,530 and 600,585 shares, respectively.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Saga has retained its transfer agent, BNY Mellon Shareowner Services (&#147;Shareowner Services&#148;), to
act as exchange agent for the reverse stock split. Shareowner Services will manage the exchange of
old pre-reverse stock split shares for new post-split shares. Stockholders of record as of the
Effective Time will receive a letter of transmittal providing instructions for the exchange of
their certificates representing pre-reverse stock split shares of Class&nbsp;A Common Stock for new
certificates of post-reverse stock split shares of Class&nbsp;A Common Stock as soon as practicable
following the Effective Time. Stockholders who hold their shares in &#147;street name&#148; will be
contacted by their banks or brokers with any instructions. For further information, stockholders
and securities brokers should contact Shareowner Services at 1-800-777-3674 (toll free for U.S.,
Canada and Puerto Rico) or 1-201-680-6579 (from outside the U.S.)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In lieu of issuing fractional shares, Saga will round up a fractional share to one whole share in
the event the stockholder would be entitled to receive less than one whole share of Class&nbsp;A Common
Stock or Class&nbsp;B Common Stock as a result of the reverse stock split.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Upon the Effective Time, each certificate representing shares of Saga&#146;s Class&nbsp;A Common Stock and
Class&nbsp;B Common Stock immediately prior to the reverse stock split will be deemed to represent the
number of full shares of Class&nbsp;A Common Stock and Class&nbsp;B Common Stock resulting from the reverse
stock split. However, until stockholders of record have surrendered their old certificates for
exchange and otherwise complied with Shareowner Services&#146; procedures, Shareowner Services has
advised us that it will not be able to process payments to any stockholder in respect to dividends
or other distributions, if any, that may be declared and payable to holders of record following the
Effective Time; nor will Shareowner Services be able to effectuate any sale or transfer of shares
by any such stockholder after the Effective Time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Saga Communications, Inc. is a broadcasting company whose business is devoted to acquiring,
developing and operating broadcast properties. The Company owns or operates broadcast properties
in 26 markets, including 61 FM and 30 AM radio stations, 3 state radio networks, 2 farm radio
networks, 5 television stations and 4 low-power television stations. For additional information,
contact us at (313)&nbsp;886-7070 or visit our website at
<u>www.sagacommunications.com</u>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This press release contains certain forward-looking statements that are based upon current
expectations and involve certain risks and uncertainties within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Words such as &#147;believes,&#148; &#147;expects,&#148; &#147;anticipates,&#148;
&#147;guidance&#148; and similar expressions are intended to identify forward-looking statements. Key risks,
including risks associated with Saga&#146;s ability to effectively integrate the stations it acquires
and the impact of federal regulation on Saga&#146;s business, are described in the reports Saga
Communications, Inc. periodically files with the U.S. Securities and Exchange Commission, including
Item&nbsp;1A of our annual report on Form 10-K. Readers should note that these statements may be
impacted by several factors, including national and local economic changes and changes in the radio
and television broadcast industry in general, as well as Saga&#146;s actual performance. Results may
vary from those stated herein and Saga undertakes no obligation to update the information contained
here.
</DIV>



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