Gray Sets Date for Fourth Quarter Earnings Release and Earnings Conference Call

Gray Sets Date for Fourth Quarter Earnings Release and Earnings Conference Call

ATLANTA, Feb. 29 /PRNewswire-FirstCall/ -- Gray Television, Inc. (NYSE:GTN)(NYSE:and)(NYSE:GTN.A) today announced that it will release its earnings results for the fourth quarter and year ending December 31, 2007 on March 13, 2008.

Earnings Conference Call Information

Gray Television, Inc. will host a conference call to discuss its fourth quarter and year ending operating results on March 13, 2008. The call will begin at 10:00 a.m. Eastern Time. The live dial-in number is 1-888-211-4495 and the confirmation code is 9283465. The call will be webcast live and available for replay at www.gray.tv.

The taped replay of the conference call will be available at 1-888-203-1112 Confirmation Code: 9283465 until April 12, 2008.

Gray Television, Inc. is a television broadcast company headquartered in Atlanta, GA. Gray currently operates 36 television stations serving 30 markets. Each of the stations are affiliated with either CBS (17 stations), NBC (10 stations), ABC (8 stations) or FOX (1 station). In addition, Gray currently operates 40 digital second channels including 1 ABC, 5 Fox, 8 CW and 16 MyNetworkTV affiliates plus 8 local news/weather channels and 2 "independent" channels in certain of its existing markets.

First Call Analyst:
FCMN Contact: dottie@gray.tv

Source: Gray Television, Inc.

CONTACT: Bob Prather, President, +1-404-266-8333, or Jim Ryan, Chief
Financial Officer, +1-404-504-9828, both of Gray Television, Inc.

Web site:

http://www.gray.tv/

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