Operator: Good day, everyone, and welcome to Gannett's Third Quarter 2013 Earnings Conference Call. This call is being recorded. Due to the large number of callers, we will limit you to one question or comment. We greatly appreciate your cooperation and courtesy. Our speakers for today will be Gracia Martore, President and Chief Executive Officer; and Victoria Harker, Chief Financial Officer.
At this time, I'd like to turn the call over to Jeff Heinz, Vice President, Investor Relations. Please go ahead.
Jeffrey Heinz - Director, IR: Thanks, Jim. Good morning and welcome to our earnings call and webcast. Today our President and CEO, Gracia Martore; and our CFO, Victoria Harker will review Gannett's third quarter results. After their prepared commentary, we will open up the call for questions. Hopefully, you've had an opportunity to review this morning's press release. If you have not seen it yet, it's available at gannett.com.
Before we get started I'd like to remind you that this conference call and webcast includes forward-looking statements and our actual results may differ. Factors that might cause them to differ are outlined in our SEC filings.
This presentation also includes certain non-GAAP financial measures. We have provided reconciliations of those measures to the most directly comparable GAAP measures in the press release and on our Investor Relations portion of our website.
With that, let me turn the call over to Gracia.
Gracia C. Martore - President and CEO: Thanks, Jeff, and good morning, everyone. Let me join Jeff in welcoming you to our call. Today, I'm going to discuss our overall results as well as some important developments during the quarter, and after that I am going to turn the call over to Victoria who will cover the performance of each of our segments and some balance sheet items. Then we'll move onto any questions you might have about the quarter.
Before we get started I want to remind everyone that last year's third quarter was unique; in that we benefited from strong summer Olympics advertising, a record level of political ad spending and in addition the significant ramp of our content subscription model. Against that backdrop, we are pleased to report we had a strong third quarter this year with $1.25 billion in total revenue, down less than 4% versus last year, despite these very difficult comparisons.
But more importantly, if you exclude the cyclical impact of Olympic and political spending, companywide revenue overall would actually have been flat and Broadcasting revenues would have been up almost 14%.
In addition, we are also happy to report that Digital segment revenues increased over 5% and companywide Digital revenues totaled more than $376 million, an increase of 12% year-over-year.
Digital revenues represented approximately 30% of our overall revenue, the highest contribution ever from Digital, yet another indicator that our strategy to transform Gannet and position it for growth and success in the digital age is working.
Now, we continue to invest in our strategic initiatives during the quarter with those investments totaling just under $10 million. At the same time, we also moderated our overall expenses. Excluding special items, expenses were 1% lower, primarily the result of our continued cost control efforts in Publishing and lower sales costs in Broadcasting.