Earnings Call Excerpt
GateHouse Media Inc. (GHS)
Q3 2008 Earnings Call
November 7, 2008 10:00 am ET
Executives
Mike Reed - Chief Executive Officer
Mark Maring - Chief Financial Officer
Presentation
Operator
Good day everyone and welcome to the conference call with GateHouse Media regarding the company’s third quarter financial results. Today’s call is being recorded. I would now turn the conference over to Mark Maring, Interim CFO; please go ahead, sir.
Mark Maring
Thank you, [Audrey] and good morning everyone. I’d like to welcome all of you to the third quarter 2008 earnings call for GateHouse Media. Joining me today is Mike Reed, our Chief Executive Officer. Before I turn the call over to Mike, as Audrey mentioned this call is being recorded. The phone numbers and access code to listen to a replay of this call can be found in our earnings release. This call will also be available via webcast on our website, www.gatehousemedia.com.
I would also like to point out that statements today, which are not historical facts, may be deemed forward-looking statements. Actual results may differ materially from the estimates or expectations expressed in those statements. Certain of the factors that could cause actual results to differ materially from GateHouse’s expectations are detailed in our SEC reports. I direct you to GateHouse’s earnings release for the full forward-looking statement legend.
During this call, we will also use certain non-GAAP financial measures, including EBITDA, as adjusted EBITDA, and levered free cash flow. These measures should not be considered an alternative to any other measure of performance or liquidity derived in accordance with GAAP.
A table reconciling net loss on income to these measures, as well as a description of how GateHouse uses and calculates these measures, immediately follows the financial statements included with the press release GateHouse filed this morning. We will not be taking questions today. If any of you have any questions after the call is over as always, please do not hesitate to call me.
Now I’d like to turn the call over to Mike Reed. Mike.
Mike Reed
Thanks Mark. Welcome, everyone and thank you for joining us on our third quarter earnings call. On our last call in August, I discussed the economy and where it was negatively impacting our business. Unfortunately as you all know the economy has gotten much worse since we last spoke. This is the most challenging, advertising environment I have ever experienced in my 20 plus years in the business and the challenges are impacting the broader media sector including newspapers.
- To read the full transcript on Seeking Alpha, click here »
