diff --git a/Makefile b/Makefile
index f14a880..3689a65 100644
--- a/Makefile
+++ b/Makefile
@@ -1,7 +1,7 @@
 # cartodb/Makefile
 
 EXTENSION = cartodb
-EXTVERSION = 0.16.2
+EXTVERSION = 0.16.3
 
 SED = sed
 
@@ -69,6 +69,7 @@ UPGRADABLE = \
   0.16.0 \
   0.16.1 \
   0.16.2 \
+  0.16.3 \
   $(EXTVERSION)dev \
   $(EXTVERSION)next \
   $(END)
diff --git a/NEWS.md b/NEWS.md
index 7af1f4f..e2c3027 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,3 +1,10 @@
+0.16.3 (2016-05-09)
+-------------------
+
+* Fix overview creation problem for organization users
+  with names that require quoting:
+  [#253](https://github.com/CartoDB/cartodb-postgresql/pull/253)
+
 0.16.2 (2016-04-27)
 -------------------