Samuel D. Bush | executive |
Christopher Forgy | executive |
[Audio Gap]
in Saga Communications, a company that we believe is the best broadcast company on the planet.
As usual, we have a lot to talk about today, a new variable dividend program, $40 million worth of dry powder on hand, and something else new and different in the broadcast sector these days, an accretive acquisition.
Firstly, we are pleased to announce the addition of Lafayette, Indiana cluster to the Saga family. By way of new half media and Lafayette is expected to close in mid-May of quarter 2 of this year.