Exactly right. That one doesn't know squat. The Chief wanted to buy it before and withdrew the offer. If there was a buyout offer on the ex-div., date I wouldn't be able to contain myself from laughing hysterically at the shorts.
One thing is for certain- this is the first time that a div. will be paid to common stockholders in this company. No one knows what will really happen. Who knows? Maybe this type of dividend will be paid again. Emmis is obviously filled with extra cash from the sale of so many stations. I think that there are still 2 more that are ready to be sold.