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

ATLANTA April 23, 2012 Gray Television, Inc. March 31, 2012 Wednesday, May 2, 2012

Earnings Conference Call Information

March 31, 2012 Wednesday, May 2 11:30 a.m. Eastern Time www.gray.tv June 1, 2012

Gray Television, Inc.

Atlanta

SOURCE Gray Television, Inc.