Operator

Good morning, and welcome to Beasley Broadcast Group First Quarter 2026 Earnings Call. Before proceeding, I would like to emphasize that today's conference call and webcast will contain forward-looking statements about our future performance and results of operations that involve risks and uncertainties described in the Risk Factors section of our most recent annual report on Form 10-K as supplemented by our quarterly report on Form 10-Q.

Today's webcast will also contain a discussion of certain non-GAAP financial measures within the meaning of Item 10 of Regulation S-K. A reconciliation of these non-GAAP measures with their most directly comparable financial measures calculated and presented in accordance with GAAP can be found in this morning's news announcement on the company's website.

I would also remind listeners that following its completion, a replay of today's call can be accessed for 5 days on the company's website, www.bbgi.com. You can also find a copy of today's press release on the Investors or Press Room section of the site.

At this time, I would like to turn the conference over to your host, Beasley Broadcast Group's CEO, Caroline Beasley.

Caroline Beasley
Chairman, CEO & Interim Principal Financial Officer

Good morning, everyone, and thank you for joining us. I want to begin by grounding this conversation and how we are thinking about Beasley over the long term. Our strategy is centered on 3 clear objectives: number one, stabilizing and rebuilding our core revenue base, particularly in local direct; number two, scaling a higher-margin, more controllable digital business; and three, strengthening our balance sheet through disciplined deleveraging.