AMC Global Media Inc.

Good day and thank you for standing by. Welcome to the AMC Network's fourth quarter 2022 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Nick Siebert, Vice President of Corporate Development and Investor Relations. Please go ahead.

Thank you. Good morning and welcome to the AMC Network's fourth quarter and full year 2022 earnings conference call. Joining us this morning are James Dolan, Interim Executive Chairman, and Patrick O'Connell, Chief Financial Officer. Today's press release is available on our website at amcnetworks.com. We will begin with prepared remarks and then we'll open the call for questions. Today's call may include certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that could cause actual results to differ. Please refer to AMC Network's SEC filings for a discussion of risks and uncertainties. The company disclaims any obligation to update any forward-looking statements made on this call. Today, we will discuss certain non-GAAP financial measures. The required definitions and reconciliations can be found in today's press release. With that, I'd like to turn the call over to Jim.

Good morning, and thank you for joining us. Before we start, I want to take a moment to say that after a thorough search by the Board of Directors We were very pleased to announce earlier this week that Kristen Dole will be taking over as CEO of AMC Networks. Based upon Kristen's considerable executive and operational experience, her 30-plus years working in media and entertainment, including her prior history managing subscription-based businesses, the board concluded she is the best candidate for the role. As founder and CEO of the audience measurement and data analytics company 605, Kristen has been on the front lines of the evolution of advanced advertising and audience targeting. She also has a strong record driving organizational change. These are areas of critical importance as we transform AMC networks and further monetize our high quality content during this pivotal period in our industry. Before turning the call over to Patrick, I'd like to briefly provide my perspective on the industry and the company and how we see the business evolving. Across the board, the content industry is being disrupted by cord cutting in the traditional linear sector or MVPDs and also in the streaming sector. Also being disrupted by changing viewership habits, a challenged ad market, and rising content costs. As I've said in the past, The current mechanisms for monetizing content are not working. The content industry needs to reorganize itself. We're seeing this now with most media companies beginning to course correct to better monetize content and improve the economics of their business. We believe large distributors and programmers will lead the way. AMC will follow. Streaming is a retail business. That's what D2C means. For now, as the industry continues to evolve, AMC Networks will focus on streamlining our organization, operating more like retailers than wholesalers, driving cash flow, and maintaining our strong balance sheet. At the same time, we will continue to do what we do best, which is making great content. We believe this strategy will position AMC Networks well to navigate current industry dynamics and generate long-term shareholder value as an even stronger company. With that, I will now turn the call over to Patrick.