NAB President and CEO Gordon Smith delivered the annual NAB State of the Industry address during the 2013 NAB Show. Below is a transcript of his remarks as prepared for delivery.

LAS VEGAS – The NAB Show, the world’s largest annual conference and expo for professionals who create, manage, and distribute entertainment across all platforms, today kicked off with a State of the Broadcast Industry Address from Gordon Smith, president and CEO of the National Association of Broadcasters (NAB), a performance by "American Idol" superstar Chris Daughtry, and numerous sessions showcasing a slate of innovative and entertaining speakers, all driving this year’s theme of "metamorphosis." More than 90,000 audio, video, and film content professionals from 150 countries are expected to attend the event, which runs through Thursday, April 11 in Las Vegas.