July 20, 2011

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

ATLANTA, July 20, 2011 /PRNewswire/ -- Gray Television, Inc. (NYSE: GTN and GTN.A) today announced that it will release its earnings results for the quarter ending June 30, 2011 on Monday, August 8, 2011.

Earnings Conference Call Information

Gray Television, Inc. will host a conference call to discuss its operating results for the quarter ended June 30, 2011 on Monday, August 8, 2011. The call will begin at 1:00 p.m. Eastern Time. The live dial-in number is 1-888-500-6973 and the confirmation code is 6086474. 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: 6086474 until September 7, 2011.

Gray Television, Inc.

Gray Television, Inc. is a television broadcast company headquartered in Atlanta, GA. We currently operate 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, we currently operate 40 digital second channels including 1 ABC, 4 Fox, 8 CW, 18 MyNetworkTV, 2 Universal Sports Network, 1 The Country Network affiliates and 6 local news/weather channels in certain of our existing markets.

SOURCE Gray Television, Inc.