Question-and-Answer Session
Operator
(Operator Instructions) We’ll go first to Larry [Havarty] with Gamco.
Larry Havarty - Gamco
Do you guys have any exposure in Texas?
Robert S. Prather Jr.
We’ve got three stations in Texas. We’re in Waco with a CBS, Bryan/College station with CBS, and Sherman, Texas, CBS.
Larry Havarty - Gamco
But nothing -- so this Texas Senatorial thing really isn’t that big a deal for you?
Robert S. Prather Jr.
Well, it could be, yeah. Oh yeah, no, I think it will be great. I think the Governor’s race could be really good with Terry and if [Kate Bailey Hudson] does run for sure, which it looks like she will, I think it will be a big political for us next season.
Larry Havarty - Gamco
Well as I understand it, the Texas Senatorial thing, they set up a special election, so would it be non-comparable, sort of like having an extra election?
James C. Ryan
Yes.
Robert S. Prather Jr.
Yeah, well, there will still be advertising, I guarantee you.
Larry Havarty - Gamco
No, but I mean it would be a political campaign against one -- against a time slot where you wouldn’t have any at any time.
Robert S. Prather Jr.
Well, I’m not familiar with that, so --
Hilton H. Howell Jr.
I think that’s correct. They will be scheduling a special election if everything goes through, as has been indicated in the press, and it would be at a different time than our typically expected political revenue.
Larry Havarty - Gamco
Okay. And the auto situation, while Mike Jackson has been lamenting to you, his stock has almost tripled, Bob, or maybe it has off the bottom. And I’m seeing a lot more auto advertising locally in Boston right now from the point of when the cash for clunkers was put in, which is only like 10 days ago. The 6 to 7 o’clock time block, I think last night there were four different guys advertising on the station I was looking at. Has your auto situation changed very dramatically in the last 10 days and now that the -- do you see any visibility there because it sure looks like at least in one market that behaviors are changing.
Robert S. Prather Jr.
Well, I’ll let Jim answer specifically but in general the good news for us is we didn’t lose near as much as some of the big markets like Boston. They are much more dependent on auto than we are, so I think they were a lot farther down.
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