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

ATLANTA, March 13  /PRNewswire-FirstCall/ -- Gray Television, Inc. (NYSE: GTNNYSE:andNYSE:GTN.A) today announced that it will release its earnings results for the quarter ending December 31, 2008 on March 16, 2009.

Earnings Conference Call Information

Gray Television, Inc. will host a conference call to discuss its fourth quarter operating results on March 16, 2009.  The call will begin at 11:00 a.m. Eastern Time.  The live dial-in number is 1-877-681-3377 and the confirmation code is 8484368.  The call will be webcast live and available for replay at http://www.gray.tv/.  The taped replay of the conference call will be available at 1-888-203-1112 Confirmation Code:  8484368 until April 15, 2009.

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 38 digital second channels including 1 ABC, 4 Fox, 7 CW, 16 MyNetworkTV, 1 Universal Sports Network, 8 local news/weather channels and 1 "independent" channel in certain of its existing markets. 

DATASOURCE: Gray Television, Inc.



CONTACT:  Bob Prather, President, [phone], or Jim Ryan, Chief

Financial Officer, [phone], both of Gray Television, Inc.



Web Site:  http://www.gray.tv/ 

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