HTV Long-Term Investment Proposition
Strong, Enduring Branded Asset Base With Enduring Local Community Ties Offers Platform for New Initiatives
Strong Free Cash Flow* Characteristics
Capital Resources Provide Liquidity and Flexibility for Strategic Investments
Support By One of the Largest Diversified Media Companies Provides Strategic and Competitive Advantage
Returning Capital to Shareholders through Dividends and Share Repurchases
Long-Term Growth Potential from Improving Economic Fundamentals
* Free cash flow is a non-GAAP metric; for a GAAP reconciliation in compliance with Regulation G, please see www.hearstargyle.com