Michael Christenson: We are — we are implementing and improving in our tech businesses. So in Smadex and our mobile growth solutions. It’s — that work has been underway for probably more than a year at this point, and we’ve definitely put more behind it in the last quarter, and it will be an important area of investment for us, again in 2024. The application of that to broader Entravision, including how we manage our broadcast businesses, that’s just — that’s a new effort. That will be something that we do in 2024. Again, if we’re going to have this capability, we’re going to use it in as many places as we can.
Mike Albanese: And then, Mike, just — you’ve been here for a few months, and I really had a chance to kind of dive under the hood. I know it’s a fluid process, but just I guess very broadly, any major learnings or surprises as you got a chance to dive in here that you think is worth sharing?
Michael Christenson: It’s a great company with a lot of opportunity. I’m more excited now after finishing my quarter and getting to know the people and the businesses, and I’m very optimistic about what we can accomplish in 2024. So any time you go into a new situation, there’s pluses and minuses. And in my case, the pluses have definitely outweighed the minuses, and I’m excited about the opportunity.
Operator: And our next question comes from Chris Sakai from Singular Research. Please go ahead with your question.
Chris Sakai: Yes, I’m in for Dave Marsh. Can you talk about — for political ad spending, which of the 3 segments would perform the best?
Chris Young: Yes. TV by far and away. And I’ve said this publicly, we’ve got an internal budget of about $40 million for political next year. It’s a budget. We’ll see how we do vis-a-vis budget. But TV should be good for about $30 million of that, radio should be good for the other $10 million. And maybe we’ll do a couple of hundred grams digital, but it’s really a TV-driven process.
Chris Sakai: Okay. Great. And then can you talk about any potential acquisitions that you’re seeing out there?
Michael Christenson: Not in 2024. 2024 is going to be about organic growth and improving our operations.
Chris Sakai: Can you talk about your digital revenue and it slowed. So can you talk about why? And what should we be expecting there over the next couple of quarters?
Chris Young: Well, we’ve been very acquisitive over the past several years. And to my point, we’re right now just working on harmonizing those acquisitions and driving up margins. But really, the growth has come from the acquisitions that we’ve been active with for the past 4 or 5 years. Plain and simple.
Operator: And ladies and gentlemen, with that, we’ll be ending today’s question-and-answer session. I’d like to turn the floor back over to Michael Christenson for any closing remarks.
Michael Christenson: Just want to thank you all for joining us today and for your support of Entravision. We look forward to sharing further details on our progress with you on our fourth quarter earnings call, which will be in March. So thank you.
Operator: Ladies and gentlemen, with that, we’ll conclude today’s conference call and presentation. We thank you for joining. You may now disconnect your lines.
