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SAGA COMMUNICATIONS, INC. UNIT SEPARATION DATE IS MARCH 5

    GROSSE POINTE FARMS, Mich., Feb. 22 /PRNewswire/ -- Saga Communications, Inc. (AMEX: SGA.E), a Delaware corporation, announced today that the separation date for its units, each consisting of one share of the company's class A common stock and two-fifths of one warrant each to purchase one share of class A common stock, will be March 5, 1993.  Registered holders of the units at the close of business on March 5, 1993 will be mailed definitive warrant certificates following the separation date for the whole numbers of warrants represented by units and a cash payment in lieu of fractional warrants. In accordance with the terms of the units, after the close of business on March 5, 1993, outstanding certificates evidencing the units shall no longer be deemed to represent units, but instead shall be deemed to represent the equivalent number of shares of class A common stock.
    The American Stock Exchange has advised the company that trading in the units will be suspended as of the opening of trading on March 1, 1993, at which time separate trading of the class A common stock (AMEX: SGA) will commence on a "regular way" basis and in the warrants (AMEX: SGA.WS.WI) on a "when issued" basis.
    Saga Communications, Inc., which began operations in 1986, is a ratio broadcasting company whose business is exclusively devoted to acquiring, developing and operating radio stations.  The company currently owns and operates ten FM and six AM radio stations serving nine markets, primarily in the Midwest and New England, including Columbus, Ohio; Norfolk, Va.; and Milwaukee, Wis.
    -0-             02/22/93
    CONTACT:  Norm McKee, chief financial officer of Saga Communications, Inc., 313-886-7070
    (SGA) CO:  SAGA COMMUNICATIONS, INC. IN:  ENT ST:  MI


-- NY074 -- X427 02/22/93
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Date:Feb 22, 1993
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