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Gray Television's CEO Discusses Q1 2012 Results - Earnings Call Transcript

We're continuing our local HD conversion. We'll be through with virtually all our stations, except for a few of our smaller markets by the end of this year. I think it's gone extremely well. I think it's extremely important. I think all of you that have an HD television. I'm pretty sure [indiscernible] probably got one. You can't even watch standard definition anymore once you watch HD. And that includes local news. And I think people work with their feet. If you don't have local news on in the market, somebody else does. We have been very fortunate to be first in most of our markets with local news and where we work first. We were right behind whoever went on first. So I want us to continue this, and this is extremely important for us to maintain our news presence and also to maintain our strong #1 ratings and reinforce our markets. So this is something we want to continue.

Read the rest of this transcript for free on seekingalpha.com

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