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

ATLANTA, July 21  /PRNewswire-FirstCall/ -- Gray Television, Inc. (NYSE: GTN; GTN.A) today announced that it will release its earnings results for the Quarter ended June 30, 2006 on Wednesday, August 9, 2006.

Earnings Conference Call Information

Gray Television, Inc. will host a conference call to discuss its second quarter operating results on Wednesday, August 9, 2006.  The call will begin at 2:00 p.m. Eastern Time.  The live dial-in number is 1-800-565-5442 and the confirmation code is 2649773.  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 1-719-457-0820, confirmation code 2649773, until September 9, 2006.

Gray Television, Inc. is a television broadcast company headquartered in Atlanta, Georgia.  Gray 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). 

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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