Michael Reed

“I'd like to start this morning by drawing your attention to some very notable highlights from the third quarter and subsequent to the quarter end. First, we accomplished a significant milestone within the quarter with our total debt falling below $1 billion for the first time since our merger in late 2019.”

“We had a strong second quarter and we are excited to give you an update today. I wanted to start with some important themes, which you will hear covered throughout this morning’s call.”

“Thank you, Matt, and good morning, and thank you for joining Gannett's 2024 first quarter earnings call. Gannett had an excellent start to the year. In our last call, we laid out our expected path to growth.”

“We are entering 2023 with a lot of optimism, and you'll hear that throughout the call today. Adjusted EBITDA in the fourth quarter increased substantially over the third quarter, and we believe sets us up for adjusted EBITDA growth in 2023 of approximately 10% to 15% year-over-year.”