The Board of Directors has approved an additional share repurchase program authorizing the Company to repurchase up to $250 million of its Class A Common Stock.
On November 2, 2013 the Company had $40.4 million outstanding under its existing $250 million program which was approved by the Board in March of 2013.
The new open-ended authorization permits the Company to repurchase its Class A Common Stock in the open market or through privately negotiated transactions.
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