Good day, and welcome to the Beasley Broadcast Group 2012 Third Quarter Results. Today's conference is being recorded. At this time, I would like to turn the conference over to Ms. Caroline Beasley. Please go ahead.

Thank you, and good morning, and welcome to the Beasley Broadcast Group Third Quarter 2012 Webcast. Before beginning, I'd like to emphasize that this webcast will contain forward-looking statements about our future performance and results of operations that involve risks and uncertainties described in the Risk Factors section of our most recent Form 10-K. Today’s webcast will also contain a discussion of certain non-GAAP financial measures within the meaning of Item 10 of Reg S-K. A reconciliation of these non-GAAP measures with their most directly comparable financial measures calculated and presented in accordance with GAAP can be found in this morning’s news announcement and on the company's website. I’d also remind listeners that following its completion, a replay of today’s webcast can be accessed for 5 days on our website, bbgi.com. Investors can also find a copy of today's press release on the investors or preference sections of the site. My remarks this morning will primarily focus on the third quarter results, our balance sheet, and our markets. Q3 was a very busy quarter for our company. Operationally, it was another quarter where our focus on profitable revenue and expense management drove growth in SOI, which resulted in another period of leverage reduction. Additionally, in 3Q, we refinanced our senior secured credit facility and closed on the acquisition of KOAS-FM in Las Vegas. Actual net revenue for the quarter increased 3.1%. We are reporting same station numbers for the quarter given the August 10 closing of KOAS. Same station numbers will exclude net revenue, station operating expense and SOI from the station in the third quarter. So on a same-station basis, revenue increased to 1.4%. The revenue increase was primarily due to strength in our Vegas, Coastal Carolina and Augusta clusters. On a consolidated same-station basis, local revenue was basically…

Thank you for your participation. That concludes today's webcast.