Gray Media, Inc. (GTN) Q1 2025 Earnings Call Transcript

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Gray Media, Inc. ( NYSE: GTN ) Q1 2025 Earnings Call May 8, 2025 1:00 PM ET Company Participants Hilton Howell - Chairman and Chief Executive Officer Pat LaPlatney - President and Co-Chief Executive Officer Sandy Breland - Chief Operating Officer Kevin Latek - Chief Legal and Development Officer Jeffrey Gignac - Chief Financial Officer Conference Call Participants Dan Kurnos - The Benchmark Company Aaron Watts - Deutsche Bank Patrick Sholl - Barrington Research Craig Huber - Huber Research Partners Alan Gould - Loop Capital Steven Cahall - Wells Fargo David Hamburger - Morgan Stanley. Operator Good afternoon, ladies and gentlemen, and welcome to the Gray Media Q1 Earnings Call.

[Operator Instructions] And without further ado, I will now turn the program over to our Chairman and CEO, Mr. Hilton Howell Jr. Hilton Howell Thank you, operator.



Good afternoon, everyone. As operator mentioned, this is Hilton Howell, Chairman and CEO of Gray Media. And I want to thank all of you for joining our first quarter 2025 earnings call.

With me here in Atlanta, as usual, are all of our executive officers: Pat LaPlatney, our President and Co-CEO; Sandy Breland, our Chief Operating Officer; Kevin Latek, our Chief Legal and Development Officer; and last but not least, Jeffrey Gignac, our Chief Financial Officer. And also as usual, we will begin with a disclaimer that Kevin will provide. Kevin Latek Thank you, Hilton, and good afternoon, everyone.

Today, we filed with the SEC on Form 8-K, our earnings release and an updated investor slides. Later today, we will file with the SEC our quarterly report on Form 10-Q. These materials will all be available on our website, which is www.

graymedia.com. Included on the call may be a discussion of non-GAAP financial measures, in particular, adjusted EBITDA, leverage ratio denominator and certain leverage ratios.

These metrics are not meant.