Sinclair, Inc. (NASDAQ:SBGI) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET
Company Participants
Chris King - Vice President, Investor Relations
Chris Ripley - President & Chief Executive Officer
Rob Weisbord - Chief Operating Officer & President, Local Media
Lucy Rutishauser - Executive Vice President & Chief Financial Officer
Conference Call Participants
Dan Kurnos - The Benchmark Company
Benjamin Soff - Deutsche Bank
Avi Steiner - JPMorgan
David Hamburger - Morgan Stanley
Operator
Good afternoon, everyone, and welcome to the Sinclair Broadcast Group's Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode and we will open for questions following the presentation. [Operator Instructions] Please note, this conference is being recorded.
I will now turn the conference over to your host, Chris King, Vice President of Investor Relations. Chris, the floor is yours.
Chris King
Thank you. Good afternoon, everyone, and thank you for joining Sinclair's second quarter 2024 earnings conference call.
Joining me on the call today are Chris Ripley, our President and Chief Executive Officer; Lucy Rutishauser, our Executive Vice President and Chief Financial Officer; and Rob Weisbord, our Chief Operating Officer and President of Local Media.
Before we begin, I want to remind everyone that slides for today's earnings call are available on our website, sbgi.net, on the Events & Presentation page of the Investor Relations portion of the site. A webcast replay will remain available on our website until our next quarterly earnings release.
Certain matters discussed on this call may include forward-looking statements regarding, among other things, future operating results. Such 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 SEC and included in our second quarter earnings release. The company undertakes no obligation to update these forward-looking statements.
Included on the call will be a discussion of non-GAAP financial measures, specifically adjusted EBITDA. These measures are not formulated in accordance with GAAP, are not meant to replace GAAP measurements, and may differ from other companies' uses or formulations. Further discussions and reconciliations of the company's non-GAAP financial measures to comparable GAAP financial measures can be found on our website.
Finally, we note the presentation of certain information in our second quarter earnings release and slides may have changed from prior quarters due to the completion of a routine common process with the SEC that we believe other publicly traded broadcasters were recently engaged in as well. For example, we have changed the definition of adjusted EBITDA to be based on programming amortization rather than programming payments, which had a positive $2 million impact to adjusted EBITDA during the second quarter, and we have also eliminated adjusted free cash flow from our financial presentations. If you have any questions regarding these changes, please feel free to contact me directly.