Greetings and welcome to the Entravision Third Quarter 2024 Earnings Report. As a reminder, this conference is being recorded. It is now my pleasure to turn the call over to Roy Nir from Entravision.

Good afternoon, everyone. I am Roy Nir, Vice President of Financial Reporting and Investor Relations. Welcome to Entravision's third quarter 2024 earnings report. Joining me today are Michael Christenson, Chief Executive Officer; and Mark Boelke, Chief Financial Officer. Before we begin, I must inform you that our report will contain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ. Please refer to Entravision's SEC filings for a list of risks and uncertainties that could impact actual results. Our report will also include non-GAAP financial measures. The company has provided a reconciliation of these non-GAAP financial measures to their most comparable GAAP measures in its press release. The press release is available on the company's Investor Relations page and was filed with the SEC on Form 8-K. I will now turn it over to Michael Christenson.

Thank you, Roy and thanks to all of you for joining us for this report today. When we last reported our 2Q results for the quarter ending in June, we talked about the transformation we completed with the separation of our digital platform representation business and the sale of several other operations. More importantly, we talked about how we were investing in our media business and in our remaining advertising technology and services businesses. In media, our mission is to serve our Latino audience, to be the trusted provider of useful news, information and entertainment and to serve our advertisers by providing multichannel marketing capabilities to engage our audience. Remember, this is an audience we've served for three decades. We talked about 2 important investments in our media business: News and political sales. We have made significant investments this year to expand our news production capabilities. We doubled the amount of news we provide to our audience. We now provide morning, midday, early evening and late news in all of our markets and we have weekend early weekend, early evening and late news in San Diego, Las Vegas and Denver and in El Paso and McAllen, Texas. We feel good about our news investment and the progress we've made since our launch in the first quarter of this year. What I can tell you today is that the expanded news operation was profitable in its first full quarter, 2Q and the profitability improved through the year through 3Q. We're proud of our team for their work in expanding this business profitably. We also invested in our sales organization to build a team to engage directly with political decision-makers to educate them about our audience and how Entravision can help them reach our audience. One in 5 of the Latinos in…

Thank you, Mike. During 2024, we've undertaken initiatives to reorganize our business units and their management, operations, sales and support teams in order to better drive revenue, support our business units and reduce expense. As a result of these initiatives, we have realigned our financial reporting into 2 operating segments, consistent with our management and operational structure, beginning with the third quarter of 2024. The first operating segment is Media which consists of our television, radio and U.S. digital media businesses. The Media business primarily consists of the sale of advertising to local and national advertisers in the United States through a combination of television, radio and digital media platforms. The second operating segment is Advertising, Technology and Services which consists of 2 business units: Smadex which is our programmatic digital advertising purchasing platform, or DSP; and Adwake, our mobile Growth Solutions services business. These 2 operating segments are consistent with our current structure of how we manage, operate and report on our business. I want to also note that during the second quarter of 2024, Entravision completed the sale of our global sales representation business known as Entravision Global Partners, or EGP. As a result of this sale, financial results for EGP are reported in our financial statements as discontinued operations for both the third quarter and prior periods. I'll now review third quarter financial results for our continuing operations. On a consolidated basis, revenue for the third quarter was $97.2 million, up 25% compared to the third quarter of 2023. The increase was driven primarily by political advertising revenue in our Media segment and growth of Smadex in our Advertising Technology and Services segment, partially offset by decreases in spectrum rights usage revenue and retransmission consent revenue in our Media segment. In the third quarter, net loss attributable…