Gray Media, Inc. (GTN) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. My name is Tina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Gray Media Incorporated first quarter earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. To ask a question, simply press star 1 on your telephone keypad. To withdraw your question, press star 1 again. It is now my pleasure to turn the call over to Alan Gould, Vice President of Investor Relations. Thank you. You may begin. Thank you, Tina, and welcome, everybody. Joining us today on Gray's call are Hilton Howell, our Chairman and CEO, Pat LaPlatney, our President and Co-CEO, Sandy Breland, our Chief Operating Officer, Kevin Latech, our Chief Legal and Development Officer, and Jeff Gignac, our Chief Financial Officer. Today, we filed with the SEC on Form 8K, our first quarter earnings release and updated investor presentation. And later today, we will file with the SEC our quarterly report on Form 10Q. These materials are all available on our website, www.graymedia.com. Included on the call may be a discussion of non-GAAP financial measures, and in particular, adjusted EBITDA, leverage ratio denominator, net retransmission revenue, and certain net leverage ratios. These metrics are not meant to replace GAAP measurements, but are provided as supplements to assist the public in its analysis and evaluation of our company. Further discussions and reconciliation of the company's non-GAAP financial measures to comparable GAAP financial measures can be found in the latest investor presentation on our website. All statements and comments made by management during this conference call, other than statements of historical fact, shoul...