Gray Television, Inc. Watch

from 8-K 46 pages Gray Television, Inc. 15,000,000 Shares of Common Stock Underwriting Agreement

from 8-K 46 pages Gray Television, Inc. 12,000,000 Shares of Common Stock Underwriting Agreement

from SC 13D/A 3 pages Schedule II Information With Respect to Transactions Effected During the Past Sixty Days or Since the Most Recent Filing on Schedule 13d (1) Shares Purchased Average Date Sold(-) Price(2) Common Stock-Gray Tv Inc Class a Gamco Asset Management Inc. 8/08/07 1,000- 7.3950 8/07/07 900 7.5289 8/06/07 1,000 7.2500 6/29/07 1,000 9.4180 6/15/07 12,000 9.5000 6/15/07 5,000 9.5500 6/15/07 12,700 9.5000 6/12/07 25,000 9.6500 (1) Unless Otherwise Indicated, All Transactions Were Effected on the NYSE. (2) Price Excludes Commission

from SC 13D/A 1 page Schedule II Information With Respect to Transactions Effected During the Past Sixty Days or Since the Most Recent Filing on Schedule 13d (1) Shares Purchased Average Date Sold(-) Price(2) Common Stock-Gray Tv Inc Class a Gamco Asset Management Inc. 6/01/07 300- *Do 6/01/07 65,000- *Do (1) Unless Otherwise Indicated, All Transactions Were Effected on the NYSE. (2) Price Excludes Commission. (*) Results in Change of Dispositive Power and Beneficial Ownership

from SC 13D/A 1 page Schedule II Information With Respect to Transactions Effected During the Past Sixty Days or Since the Most Recent Filing on Schedule 13d (1) Shares Purchased Average Date Sold(-) Price(2) Common Stock-Gray Tv Inc Common Gamco Asset Management Inc. 8/29/06 5,000- 6.2240 8/29/06 2,000 6.4000 8/28/06 12,500- 5.9848 8/25/06 12,500- 6.0435 8/23/06 1,500- 6.2633 8/22/06 3,000- 6.1833 8/21/06 5,500- 6.1424 8/18/06 2,000- 6.1500 8/18/06 4,000- 6.0958 8/17/06 23,297- 6.1839 8/17/06 500- 6.2200 8/15/06 6,000- 6.0827 8/11/06 3,700- 6.0305 8/11/06 1,000- 6.0800 8/10/06 2,000- 5.9500 8/10/06 2,000 6.2590 8/09/06 2,000- 6.1330 8/07/06 1,000- 6.2640 8/03/06 500- 6.3000 8/02/06 1,000- 6.5740 7/28/06 3,000- 6.7733 7/25/06 500- 6.6500 7/25/06 1,000- 6.8400 7/17/06 500- 6.0200 7/14/06 1,000- 6.1000 7/12/06 3,000 6.1308 7/12/06 2,000- 6.1280 7/11/06 1,000- 6.1400 7/10/06 2,000 6.0000 7/10/06 4,000- 6.0000 7/10/06 2,000- 6.1000 7/07/06 500- 6.0600 7/07/06 500 6.0600 7/07/06 500- 6.0600 7/05/06 1,000 5.8000 7/05/06 700- 5.8000 6/29/06 2,000 5.2900 6/28/06 1,000 5.3100 Gabelli Advisers, Inc. 8/01/06 1,000- 6.5200 7/28/06 1,000- 6.7820 Gabelli Funds, LLC. Gabelli Value Fund 7/05/06 8,000 5.7678 Gabelli Small Cap Growth Fund 6/30/06 10,000 5.5824 Gabelli Global Multimedia Trust 7/05/06 2,000 5.7730 (1) Unless Otherwise Indicated, All Transactions Were Effected on the NYSE. (2) Price Excludes Commission

from SC 13D/A 1 page Schedule II Information With Respect to Transactions Effected During the Past Sixty Days or Since the Most Recent Filing on Schedule 13d (1) Shares Purchased Average Date Sold(-) Price(2) Common Stock-Gray Tv Inc Common Gamco Asset Management Inc. 11/09/05 3,500- 9.2763 11/04/05 5,000- 9.5000 11/04/05 4,000- 9.4900 11/03/05 1,000- 9.5000 11/02/05 1,500- 9.4967 11/01/05 2,000- 9.2450 11/01/05 700- 8.9800 10/31/05 800- 9.3875 10/25/05 1,100- 9.7027 10/20/05 1,100- 9.9836 10/17/05 1,000- 10.0400 10/11/05 1,000- 10.0200 10/11/05 500- 9.9400 10/03/05 1,000- 10.4340 (1) Unless Otherwise Indicated, All Transactions Were Effected on the NYSE. (2) Price Excludes Commission. (*) Results in Change of Dispositive Power and Beneficial Ownership

from SC 13G/A 1 page Joint Acquisition Statement

from SC 13D/A 1 page Schedule II Information With Respect to Transactions Effected During the Past Sixty Days or Since the Most Recent Filing on Schedule 13d (1) Shares Purchased Average Date Sold(-) Price(2) Common Stock-Gray Tv Inc Common Gamco Investors, Inc. 5/27/04 163,200 *DI 5/27/04 4,000 14.2130 5/24/04 1,000 14.1000 5/24/04 500- 14.0800 5/21/04 1,000- 13.9630 5/19/04 1,000 14.2500 5/18/04 300- 13.8700 5/14/04 10,000 14.0078 5/13/04 1,000 13.8800 5/13/04 1,000 13.9800 5/12/04 20,000 13.7823 5/12/04 500 13.8000 5/12/04 18,000 14.0387 5/10/04 2,000 14.0780 5/05/04 500- 15.2300 5/05/04 2,300 15.2230 5/04/04 1,000- 15.2500 5/04/04 500 15.3360 5/03/04 3,000- 14.9850 4/28/04 500- 15.6700 4/28/04 10,000 15.4774 4/26/04 8,000- 16.0133 4/22/04 4,500 *DI 4/21/04 500 15.5000 4/20/04 3,000- 15.3253 4/12/04 2,000 15.9900 4/07/04 5,700 15.5682 4/05/04 700 15.5300 4/02/04 200- 64.2500 4/02/04 200 64.0500 4/01/04 20,000 14.9202 4/01/04 10,000 14.9690 3/29/04 10,000 14.2990 Gabelli Funds, LLC. Gabelli Capital Asset Fund 4/02/04 10,000- 15.4400 (1) Unless Otherwise Indicated, All Transactions Were Effected on the NYSE. (2) Price Excludes Commission. (*) Results in Change of Dispositive Power and Beneficial Ownership

from SC 13D/A 1 page Schedule II Information With Respect to Transactions Effected During the Past Sixty Days or Since the Most Recent Filing on Schedule 13d (1) Shares Purchased Average Date Sold(-) Price(2) Common Stock-Gray Tv Inc Class a Gamco Investors, Inc. 2/20/04 10,000- 14.2482 2/20/04 5,000 14.2482 2/18/04 2,000- 14.8100 2/17/04 1,500- 14.7780 2/11/04 2,000- 15.0100 1/28/04 1,200- 15.0958 1/27/04 2,000- 15.2040 1/20/04 1,000- 15.2690 1/16/04 3,000- 14.9697 1/15/04 4,000- 14.6725 1/08/04 2,000- 15.4195 1/07/04 1,000- 15.5500 1/05/04 2,000- 15.1375 12/23/03 1,800- 15.0050 Gabelli Funds, LLC. Gabelli Small Cap Growth Fund 2/18/04 1,700- 14.8441 1/27/04 1,500- 15.2560 1/07/04 1,300- 15.6000 Gabelli Global Multimedia Trust 1/05/04 2,000- 15.1250 Gabelli Asset Fund 1/08/04 5,000- 15.3000 12/30/03 3,000- 15.6540 12/29/03 2,000- 15.0400 (1) Unless Otherwise Indicated, All Transactions Were Effected on the NYSE. (2) Price Excludes Commission

from SC 13G/A 1 page Joint Acquisition Statement

from SC 13D/A 1 page Schedule II Information With Respect to Transactions Effected During the Past Sixty Days or Since the Most Recent Filing on Schedule 13d (1) Shares Purchased Average Date Sold(-) Price(2) Common Stock-Gray Tv Inc Class a Gabelli Securities, Inc. Gabelli Global Partners LP 10/28/03 11,373- 12.4256 10/27/03 1,000- 12.0500 10/21/03 700- 12.3500 10/20/03 1,000- 12.4500 10/17/03 300- 12.4200 10/16/03 100- 12.4500 10/14/03 1,600- 12.4481 Gamco Investors, Inc. 12/03/03 11,000- 13.0059 12/03/03 1,500- 13.0027 12/02/03 1,500- 13.0000 12/02/03 1,500- 13.0413 12/01/03 2,500- 13.0264 11/24/03 200- 12.9629 11/24/03 500- 12.9629 11/21/03 800- 12.8700 11/20/03 500- 12.8100 11/20/03 500- 12.8100 11/19/03 1,500- 12.7476 11/19/03 1,000- 12.7476 11/18/03 1,000- 12.6400 11/18/03 500- 12.6400 11/17/03 500- 12.6520 11/04/03 2,000- 13.0950 11/03/03 2,000- 12.7220 10/30/03 1,200- 12.7100 10/30/03 2,000- 12.7200 10/14/03 2,000- 12.3680 10/10/03 1,900- 12.1316 10/10/03 1,000 12.0740 10/09/03 1,100- 12.2500 10/08/03 2,400- 12.1900 10/07/03 600- 12.3283 Gabelli Advisers, Inc. 11/11/03 1,000- 13.5000 11/10/03 1,000- 13.5050 Gabelli Funds, LLC. Gabelli Small Cap Growth Fund 11/24/03 200- 13.1000 11/11/03 1,000- 13.5000 11/10/03 1,000- 13.5050 Gabelli Global Multimedia Trust 11/18/03 1,125- 12.5000 Gabelli Equity Trust 12/01/03 500- 13.0220 Gabelli Asset Fund 11/06/03 3,000- 13.4850 (1) Unless Otherwise Indicated, All Transactions Were Effected on the NYSE. (2) Price Excludes Commission

from SC 13D/A 1 page Schedule II Information With Respect to Transactions Effected During the Past Sixty Days or Since the Most Recent Filing on Schedule 13d (1) Shares Purchased Average Date Sold(-) Price(2) Common Stock-Gray Tv Inc Common Mjg Associates, Inc. 10/07/03 2,400- 12.4750 Gamco Investors, Inc. 10/23/03 500 11.5000 10/23/03 4,000 11.7450 10/22/03 4,800 11.9900 10/21/03 10,200 12.0795 10/21/03 750 12.2000 10/20/03 500- 11.9800 10/20/03 2,000 12.2400 10/20/03 3,000 12.0333 10/17/03 2,500 12.2620 10/16/03 1,000 12.2500 10/15/03 5,000 12.2700 10/13/03 4,000 12.3350 10/10/03 1,500- 11.8093 10/10/03 1,500 11.8800 10/09/03 20,000 11.9000 10/09/03 5,000 11.9520 10/09/03 1,800 12.0000 10/08/03 10,600 12.1310 10/08/03 34,400 12.1685 10/08/03 2,000 12.1200 10/07/03 500- 12.3600 10/07/03 2,300 12.2000 10/07/03 18,000 12.4566 10/07/03 2,000 12.2500 10/06/03 3,000 12.1700 10/06/03 13,300 12.1303 10/03/03 2,000- 12.2805 10/03/03 40,000 12.2874 10/03/03 35,000 12.2382 10/02/03 650- 12.1600 10/01/03 13,000 11.8783 10/01/03 2,000 11.8700 10/01/03 1,500 11.9233 9/29/03 2,000 10.8100 9/24/03 500 11.6000 9/24/03 1,000 11.9600 9/22/03 10,000 12.2850 9/22/03 400 12.3300 9/22/03 1,500 12.2300 9/18/03 100 12.5200 9/17/03 3,000- 12.6323 9/17/03 10,000 12.6375 9/15/03 8,000 12.9488 9/15/03 5,000 12.9000 9/15/03 9,000 12.9631 9/12/03 30,000 13.0276 9/09/03 1,000 13.2020 9/05/03 200- 13.5000 9/05/03 200 13.3000 9/05/03 200 13.3000 9/03/03 4,900 13.3800 9/03/03 2,500 13.3760 9/02/03 9,000 13.2140 9/02/03 500- 13.1500 8/29/03 2,000 13.3200 8/27/03 2,700 12.7422 8/27/03 1,000 12.7000 Gabelli Funds, LLC. Gabelli Value Fund 10/14/03 5,800 12.3100 9/17/03 5,000 12.6832 Gabelli Global Growth 9/18/03 5,000- 12.3868 Gabelli Equity Trust 10/23/03 20,000 11.4603 Gabelli Asset Fund 10/09/03 63,000 11.8491 Gabelli Capital Asset Fund 9/18/03 8,000 12.6200 (1) Unless Otherwise Indicated, All Transactions Were Effected on the NYSE. (2) Price Excludes Commission

from SC 13D/A 1 page Schedule II Information With Respect to Transactions Effected During the Past Sixty Days or Since the Most Recent Filing on Schedule 13d (1) Shares Purchased Average Date Sold(-) Price(2) Common Stock-Gray Tv Inc Class a Gamco Investors, Inc. 8/13/03 1,000- 13.2240 7/31/03 2,000 13.0150 7/30/03 500- 13.2000 7/28/03 1,000- 13.0000 7/25/03 1,000 13.1300 7/07/03 1,000- 12.5940 (1) Unless Otherwise Indicated, All Transactions Were Effected on the NYSE. (2) Price Excludes Commission

from SC 13G ~1 page Joint Acquisition Statement

from SC 13D/A 1 page Schedule II Information With Respect to Transactions Effected During the Past Sixty Days or Since the Most Recent Filing on Schedule 13d (1) Shares Purchased Average Date Sold(-) Price(2) Common Stock-Gray Tv Inc Common Mjg Associates, Inc. 12/02/02 3,200- 10.2381 11/22/02 2,400- 10.1808 Gabelli International Ltd 11/25/02 1,000- 10.1600 Gamco Investors, Inc. 12/11/02 2,300 9.9900 12/09/02 3,000 9.9500 12/06/02 2,000 9.9800 12/05/02 1,800- 9.7956 12/05/02 2,000- 9.8080 11/27/02 1,000 10.1500 11/27/02 2,000- 10.1500 11/26/02 5,000- 9.9800 11/25/02 1,000 9.9500 11/25/02 25,000- *Do 11/25/02 1,000 9.8800 11/25/02 2,000 9.8650 11/22/02 1,000- 10.1000 11/21/02 26,700- 9.4316 11/20/02 5,000- 9.3510 11/20/02 2,000 9.3400 11/20/02 24,000- 9.3192 11/20/02 1,000 9.2689 11/20/02 1,000- 9.3000 11/19/02 2,000 9.1600 11/19/02 750 9.1700 11/18/02 5,000- 9.0580 11/18/02 500- 9.1100 11/18/02 2,000 9.1000 11/18/02 3,000 9.0500 11/15/02 1,000 9.0000 11/14/02 1,000 8.7000 11/14/02 2,000 8.7375 11/12/02 1,000 8.5500 11/11/02 1,000 8.2800 11/11/02 3,000 8.3067 11/07/02 2,500 8.4032 11/07/02 2,000 8.3900 11/04/02 10,000 8.6500 11/04/02 15,000 8.5667 11/01/02 4,000 8.7650 11/01/02 1,000 8.7900 10/31/02 8,000 8.8075 10/30/02 27,000 8.6144 10/30/02 2,000- 8.3525 Gamco Investors, Inc. 10/30/02 1,000 8.3700 10/30/02 2,000 8.4200 10/30/02 3,000- 8.4000 10/29/02 700 8.3500 10/29/02 710- 8.3000 10/28/02 2,000- 9.0750 10/25/02 500 8.6100 10/18/02 1,700 8.2800 10/18/02 25,000 8.3000 10/18/02 5,000 8.3140 10/18/02 7,000 8.2500 10/16/02 1,000 8.2500 10/16/02 3,500- 8.2500 10/16/02 1,000 8.2500 Gabelli Funds, LLC. Gabelli Global Growth 11/05/02 4,307- 8.3964 10/28/02 8,552 8.7750 Gabelli Capital Asset Fund 11/25/02 5,000- 10.1400 11/18/02 2,000- 9.1360 11/15/02 5,000- 9.1320 (1) Unless Otherwise Indicated, All Transactions Were Effected on the NYSE. (2) Price Excludes Commission. (*) Results in Change of Dispositive Power and Beneficial Ownership

from SC 13D/A 1 page Schedule II Information With Respect to Transactions Effected During the Past Sixty Days or Since the Most Recent Filing on Schedule 13d (1) Shares Purchased Average Date Sold(-) Price(2) Common Stock-Gray Tv Inc Class a Gamco Investors, Inc. 12/11/02 22,500- 12.1800(3) 12/05/02 300- 11.8367 11/27/02 10,000 12.6496 11/25/02 4,800 12.3958 11/18/02 2,000 11.4500 11/14/02 1,000 10.8350 10/18/02 500 10.6000 10/17/02 1,000- 10.5100 10/15/02 2,000 11.8080 10/14/02 2,000 11.6900 Gabelli Funds, LLC. Gabelli Asset Fund 10/21/02 3,000 10.5500 (1) Unless Otherwise Indicated, All Transactions Were Effected on the NYSE. (2) Price Excludes Commission. (3) Third Market Transaction

from SC 13D/A ~10 pages Underwriting agreement

from 8-K ~50 pages Ex-1.1 Underwriting Agreement

from 8-K ~50 pages Underwriting Agreement

from SC 13D/A 1 page Schedule II Information With Respect to Transactions Effected During the Past Sixty Days or Since the Most Recent Filing on Schedule 13d (1) Shares Purchased Average Date Sold(-) Price(2) Common Stock-Gray Tel. CL B Gabelli Securities, Inc. 7/26/02 1,100 12.0000 7/24/02 3,210- 11.5080 Gamco Investors, Inc. 8/27/02 5,000- 10.1900 8/21/02 11,500- 11.6000 8/19/02 1,100- 11.6773 8/19/02 2,000- 11.6545 8/19/02 2,000- 11.6415 8/16/02 500- 11.6900 8/15/02 4,000- 11.7070 8/14/02 1,000- 11.5500 8/14/02 5,000- 11.5386 8/13/02 3,000- 11.8500 8/12/02 2,000- 11.9250 8/05/02 3,000- 11.9667 7/24/02 2,000- 11.7000 7/23/02 4,000- 12.1625 7/17/02 1,500- 12.5800 7/17/02 700- 12.5714 7/16/02 2,300- 12.7874 7/12/02 500- 13.0000 7/05/02 1,500- 13.1667 7/03/02 2,000- 13.2250 Gabelli Funds, LLC. Gabelli Asset Fund 8/27/02 3,000- 10.2000 (1) Unless Otherwise Indicated, All Transactions Were Effected on the NYSE. (2) Price Excludes Commission. (*) Results in Change of Dispositive Power and Beneficial Ownership