And then what happened subsequent to that obviously we will then announce. But I just want to make sure we’re clear on that. We have that opportunistic program. We used it when we are in clear days when there are windows in time that we can actually get into the market and use them in the prices, right?
Steven Cahall: Great. Thank you.
Operator: Our next question comes from the line of James Goss with Barrington Research. James your line is now open.
Dave Lougee: You move on operator and see if James comes back on after the next.
Operator: Next question will come from the line of Craig Huber with Huber Research Partners.
Craig Huber: Yes. Hi. Thank you. My first question on Premion. I think you guys said last quarter it was down modestly which I’ll assume that means mid-single digits. Maybe just comment how it did in the quarter obviously you had the hit with the lost national account but just sort of frame that for us please.
Julie Heskett: Yes, Craig, it’s Julie. I’ll take that. The commentary would be exactly the same while total premium revenues are down modestly. Again the focus is on the local side of the business. So we know that national is down year-over-year but local is up year-to-date double-digits.
Craig Huber: Okay. Great. Thanks. In the past you guys have said your retrans subs down mid single digits year-over-year. Is that a similar trend we had in the third quarter?
Dave Lougee : Yes.
Victoria Harker : Yes.
Craig Huber : Okay. Thank you. And then in your mind, you guys have obviously been very aggressive here repurchasing stock, as you went through several times today. Is there anything that you’re thinking differently for next year? Obviously, you have a windfall make you all as local ad revenue next year. You’re obviously arguing that your stock price is quite low on investors would agree with that. Is there anything in your mind that you’re seeing out there on the macro side of things that would maybe preclude you from buying back a ton of stock next year to continue these, I guess, rolling ASRs however you want to think about it?
Dave Lougee : Hey, Craig, it’s Dave. I’ll just point to what Victoria said in her script is that we have the — the Board is — and management’s laser-focused on capital return, but because of our balance sheet, we have the optionality, as I said, to do what we need to do that it’s in the best use of return for shareholders with the ability of not foreclosing any avenue, right. And — but as we indicated, we are very focused on shareholder return in this environment. And we, obviously, like our balance need to be pretty strong given some uncertainty that’s out there.
Victoria Harker : And just to expand on that a little bit, as I mentioned in my script, we don’t have any maturity through 2026. Our first call option on that occurs night later in the fall of 2024. Given current interest rates, likely not financially wise for us to take advantage of that opportunity, but there’s no reason, we can’t do all of that. So, looking at a potential recap on future maturities, we’ve got be the ability — the strength of the balance sheet to both manage those debt maturities recap is useful in the interest rate environment plus buyback shares and continue to do our dividend and invest organically, so all of it.
Craig Huber : And then my final question net retrans for this year, how you sort of think about that is going to shape up and we’re all said and down here down slightly modestly for the year, net retrans.
Victoria Harker : Yes. Craig we have not guided. And again, we’ve got negotiations coming up here in the fourth quarter that may impact that. So we’re not in a position to answer that at this time.
Dave Lougee : As you know, obviously, we had a lot of subs up and a large reverse comp deal. So we’re not going to in the middle of negotiations comment on anything on that.
Craig Huber : Okay. Thank you.
Operator: [Operator Instructions]. Our next question comes from the line of James Goss with Barrington Research.
