Gray Media, Inc.

Ladies and gentlemen, thank you for standing by and welcome to the Gray Television fourth quarter 2020 earnings conference 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. If you would like to ask a question during this time, simply press star then the number one on your telephone keypad. To withdraw your question, press the pound key. I'll now turn the call over to Hilton Howell, Executive Chairman and CEO, to begin.

Good morning. Thank you, Operator. As she mentioned, I am Hilton Howell, the Chairman and CEO of Great Television. I want to thank all of you for joining our fourth quarter and year-end 2020 earnings call. On the line with me, as usual, are our President and Co-CEO, Pat LaPlatte, our Chief Legal and Development Officer, Kevin Latech, our Chief Financial Officer, Jim Ryan, and our Chief Operating Officer, Bob Smith. We will begin this morning with a disclaimer that Kevin will provide. Kevin?

Thank you, Hilson. Good morning, everyone. Certain matters discussed on this call may include forward-looking statements regarding, among other things, future operating results and the impact of the novel coronavirus and its disease, COVID-19, on our future operating results. Those statements are subject to a number of risks and uncertainties. Actual results in the future could differ from those expressed or implied in any forward-looking statement as a result of various important factors. For more information about such factors, please refer to our company's most recent reports filed with the SEC, including our most recent annual report on Form 10-K that will be filed today. The company undertakes no obligation to update these forward-looking statements. Gray uses his website as a key source of company information. The website address is www.gray.tv. We also will post an updated investor deck to the website within the next two weeks. Included on this call will be a discussion of non-GAAP financial measures, and in particular, broadcast cash flow, broadcast cash flowless corporate expenses, operating cash flow, free cash flow, adjusted EBITDA, and certain leverage ratios. These metrics... are not meant to replace GAAP 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 the reconciliations of non-GAAP financial measures to the GAAP measures reported in our financial statement. Now we're trying to call to Hilton.