Shanna Q.
Analyst, Barclays
Replay available
Gray Media, Inc. (NYSE: GTN) Q3 2025 earnings conference call, held 2025-11-07. Replay captured from the company's public earnings webcast.

Analyst, Barclays
Analyst, Wells Fargo
Analyst, Deutsche Bank
Analyst, J.P. Morgan
Chief Legal and Development Officer
Chief Operating Officer
Analyst, Barrington Research
Analyst, Huber Research
Chief Financial Officer
Chairman and CEO
Analyst, The Benchmark Company
Good day, everyone, and thank you for joining this Gray Media Q3 2025 earnings call. As a reminder, all phone participants have been placed in a muted or listen-only mode to prevent background noise. And today's question and answer session will take place after our prepared remarks, and we ask today that you limit yourself to a single question and any follow-ups you engage with management following today's call. As a reminder, today's session is also being recorded. It's now my pleasure to turn the floor over to our host, CEO and president, Mr. Hilton Howell Jr. Please go ahead, sir. Thank you, operator. Good morning, everyone. As the operator mentioned, this is Hilton Howell, the chairman and CEO of Gray Media. And I want to thank all of you for joining our third quarter 2025 earnings call. As usual, all of our executive officers are here with me in Atlanta. Pat LaPlatte, our president and co-CEO. Sandy Breland, our Chief Operating Officer, Kevin Latek, our Chief Legal and Development Officer, and Jeff Chignak, our Chief Legal, I'm sorry, our Chief Financial Officer. And then also, we have Jim here for the last formal time to join us here, but he won't be doing anything but telling us what the right answers are. And so we will begin with a disclaimer that Kevin will be providing. Thank you, Hilton. Good morning, everyone. Today we filed with the SEC on Form 8K, our earnings release, and then updated investor slides. Later today, we will file with the SEC our quarterly report on Form 10Q. These materials are all available on our website, which is www.graymedia.com. Included on the call may be a discussion of non-GAAP financial measures, and in particular, adjusted EBITDA, leverage ratio denominator, and certain leverage ratios. These metrics are not meant to replace ...