Gray Television, Inc. Q1 2010 Earnings Call Transcript

Gray Television, Inc. (GTN)

Q1 2010 Earnings Call

May 10, 2010 11:00 am ET

Executives

Robert Prather – President & COO

James Ryan – SVP & CFO

Hilton Howell - CEO

Analysts

Larry [Schnurmacher] – Oppenheimer

Marci Ryvicker - Wells Fargo

Harry [Dumont] – Unspecified Company

Bishop Cheen – Wells Fargo Securities

Matt Slope - Broadpoint Capital

Presentation

Operator

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» Gray Television, Inc. Q3 2009 Earnings Call Transcript
» Gray Television Q2 2009 Earnings Call Transcript
» Gray Television, Inc. Q1 2009 Earnings Call Transcript

Welcome to the Gray Television’s first quarter 2010 earnings release conference call. Today's call is being recorded. For opening remarks and introductions, I would like to turn things over to our moderator, Hilton Howell, CEO and Vice Chairman. Please go ahead.

Hilton Howell

Thank you Operator. Good morning everyone and welcome to the Gray Television first quarter 2010 conference call. I will begin with a brief overview of the highlights of the quarter and our activities year-to-date and then Robert Prather, our President and Chief Operating Officer, will update you on our operations and James Ryan, our Chief Financial Officer, will review our financial results. We will also have a question and answer session right at the completion of our brief remarks.

I am happy to report that it has been a very busy and productive quarter and year-to-date. Last quarter I said it was beginning to be fun to be a broadcaster again and I am happy to repeat that this quarter has been the same. Operationally, our net revenues have increased to $70.5 million from $61.4 million for the quarter previously and approximate 15% increase which has really been driven by increases in each and every of our advertising categories.