Gray Television Inc at JPMorgan Global Technology, Media and Communications Conference (Virtual) Transcript

May 25, 2021 / 06:55PM GMT
Avi Steiner - JPMorgan Chase & Co, Research Division - Executive Director and Senior Analyst

Good afternoon, everyone. My name is Avi Steiner, and it is my pleasure to welcome Gray Television to this year's JPMorgan TMC Conference. Joining us from Gray Television today are Kevin Latek, Gray's Chief Legal and Development Officer; Jim Ryan, Gray's Chief Financial Officer. Though Gray needs no introduction, it's worth briefly noting that pro forma for the company's recently announced but not yet closed acquisitions of Quincy and Meredith and related divestitures, Gray will be the second largest TV station affiliate group owner in the U.S., serving 113 local markets, reaching 36% of U.S. households with combined revenue of $3.1 billion and OCF of $1.2 billion.

Before we get started on today's fireside chat, I want to remind everyone that if you have any questions, please click on the blue Ask A Question button under the video player, and we will endeavor to get to them as time permits. And with that, welcome, Kevin and Jim, and I'm going to hop right into it. Thank you both.

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