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

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

ATLANTA, April 29 /PRNewswire-FirstCall/ -- Gray Television, Inc. (NYSE:GTN)(NYSE:and)(NYSE:GTN.A) today announced that it will release its earnings results for the quarter ending March 31, 2008 on May 9, 2008.

Earnings Conference Call Information

Gray Television, Inc. will host a conference call to discuss its first quarter operating results on May 9, 2008. The call will begin at 10:00 a.m. Eastern Time. The live dial-in number is 1-888-220-8450 and the confirmation code is 3425312. 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: 3425312 until June 8, 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, +1-404-504-9828, both of Gray Television, Inc.

Web site:

http://www.gray.tv/

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