Gray Media, Inc.

Ladies and gentlemen, thank you for standing by and welcome to the second quarter 2020 earnings call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during that time, you will need to press star, then the number one on your telephone keypad. Please be advised that today's conference is being recorded. If you require any further assistance, please press star, then zero. I would now like to hand the conference over to your speaker, Mr. Hilton Howell. Thank you. Please go ahead.

Thank you, Natalia. Good morning, everyone. As our operator mentioned, I am Hilton Howell, the chairman and CEO of Gray Television. Thank you for joining our second quarter 2020 earnings call. Today, as is expected this time of year, we are all virtually present. So during Q&A, if we stumble over a couple of us, please forgive us. On the line with me are our President and Co-CEO, Pat LaPlatene, our Chief Legal and Development Officer, Kevin Lacek, our Chief Financial Officer, Jim Ryan, and our Chief Operating Officer, Bob Smith, who has been with us before but I'm delighted to have with us today to add perhaps some color to what we're seeing in the field through all of our sessions. We will begin this morning with a disclaimer that Kevin will provide.

Good morning, Hilton. Thank you, everyone. Sorry, thank you, Hilton, and good morning, everyone. Certain matters discussed in this call may include forward-looking statements regarding, among other things, future operating results. Those statements are subject to a number of risks and uncertainties. Actual results in the future could differ from those described in the forward-looking statements as a result of various important factors. Such factors have been set forth in the company's most recent reports filed with the SEC, including today's earnings release. The company undertakes no obligation to update these forward-looking statements. Gray uses its website as a key source of company information. That website address is www.gray.tv. Included on the call will be a discussion of non-GAAP financial measures, and in particular, broadcast cash flow, broadcast cash flow less corporate expenses, operating cash flow, pre-cash flow, adjusted EBITDA, and certain leverage ratios. These metrics are not meant to replace gap measurements but are provided as supplements to assist the public in their analysis and evaluation of our company. Included in our earnings release as well as on our website are reconciliations of non-gap financial measures to the gap measures reported in our financial statements. And I return the call to Hilton.