I realize that Class B common stock (owned all by Smulyan) controls 65.1% of the total voting power, but what percent of the company does Smulyan actually own? SEC Schedule 14A shows 32.9 million shares of Class A common stock outstanding (160,507 owned by Smulyan) and 4.9 million shares of Class B common stock issued and outstanding. Does this mean that Smulyan owns roughly 13% (5.1m/37.8m) of the company? The purpose of my question is to determine what incentive Smulyan has to keep the company out of bankruptcy -- not that I feel a BK is likely at this time.