DAYTONA BEACH, FL -- International Speedway Corp.’s (ISC) Board of Directors has authorized a share repurchase program, under which the company may purchase up to $50 million of the company's outstanding Class A Common Shares.

"Our decision to repurchase shares is testament to our confidence in ISC's strong financial position and the significant visibility of our future operating results," said ISC Chief Executive Officer James France. "Combined with the continued successful execution of strategic initiatives designed to capitalize on both internal and external growth opportunities, we believe our capital allocation strategy reflects a balanced approach that will enhance shareholder value and further position the company for long-term success."

For more information, about ISC, go to: http://www.iscmotorsports.com.