Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Q3 2020 Earnings Conference Call November 4, 2020 8:50 AM ET
Company Participants
Lucy Rutishauser - Executive Vice President and Chief Financial Officer
Christopher Ripley - President and Chief Executive Officer
Conference Call Participants
John Janedis - Wolfe Research
Dan Kurnos - The Benchmark Company
Aaron Watts - Deutsche Bank
Steven Cahall - Wells Fargo
Alexia Quadrani - JPMorgan
David Hamburger - Morgan Stanley
Zach Silver - B. Riley FBR
Disclaimer: *NEW* We are providing this transcript version in a raw, machine-assisted format and it is unaudited. Please reference the audio for any questions on the content. A standard transcript will be available later on the site per our normal procedure. Please enjoy this timely version in the interim.
Operator
[00:00:00] Greetings and welcome to the Sinclair Broadcast Group, third quarter Twenty twenty earnings conference call at this time, all participants are in. Listen, only a question and answer session will follow the formal presentation. If anyone should require an operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host.
[00:00:25] Lucy Rutishauser, Executive Vice President and Chief Financial Officer. Thank you. May begin.
Lucy Rutishauser
[00:00:32] Thank you, operator, participating on the call with me today are Chris Ripply, president and CEO, and Rob Weisbord, president of broadcast and Chief Advertising Revenue Officer. Before we begin doing your MacIntire, we'll make our forward looking statements.
[00:00:47] Disclaimer Certain matters discussed on this call may include forward looking statements regarding, among other things, future operating results. 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, as filed with the FCC and included in our third quarter earnings release. The company undertakes no obligation to update you forward looking statements. The company uses his website as a key source of company information, which can be accessed at W w w by dot net in accordance with regulation. This call is being made available to the public. A webcast replay will be available on our website and will remain available until our next quarterly earnings release. Date on the call will be a discussion of non-GAAP financial measures, specifically adjusted EBITDA adjusted free cash flow and leverage. The company considers adjusted EBITDA to be an indicator of operating performance of its assets. The company also believes that adjusted EPS is frequently used by industry analysts, investors and lenders as a measure of valuation. These measures are not formulated in accordance with GAF, are not meant to replace CAP measurements and may differ from other companies uses or formulation. The company does not provide reconciliations on a forward looking basis for further discussions and reconciliations of the company's non-cash financial measures to comparable gap. Financial measures can be found on its website. W w w w by that. In that respect, we will now take you through our operating highlights.
