5/6/2021

speaker
Operator
Conference Call Operator

Sir Howell, you may begin your call.

speaker
Hilton Howell
Chairman and CEO, Gray Television

Thank you. Thank you, Operator. Good morning. I am Hilton Howell, the Chairman and CEO of Gray Television. Thank all of you for joining us for our second call this week and our first quarter 2021 earnings call. Happily with me in person for the first time in 14 months are Gray's fully vaccinated, non-mask, executive officers, our president and co-CEO, Pat LaPlatene, our chief legal and development officer, Kevin Latech, our chief financial officer, Jim Ryan, and our chief operating officer, Bob Smith. We begin this morning with a disclaimer that Kevin will provide.

speaker
Kevin Latech
Chief Legal and Development Officer, Gray Television

Thank you, Hilton, and good morning, everyone. Certain matters discussed on this call may include forward-looking statements regarding, among other things, future operating results, our pending acquisitions, and the impact of the novel coronavirus and its disease known as 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 statements as a result of various important factors that have been set forth in the company's most recent reports filed with the SEC, including our most recent annual report on Form 10-K, and our most recent earnings release. The company undertakes no obligation to update these forward-looking statements. Gray uses its website as a key source of company information. The website address is www.gray.tv. Included on the call may be a discussion of non-GAAP financial measures, and in particular, broadcast cash flow, broadcast cash flow less 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 valuation of our company. Included in our earnings release, as well as on our website, are reconciliations of non-GAAP financial measures to the GAAP measures reported in our financial statements. And now I return the call to Hilton.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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