GTN Gray Television Inc

Gray Television, Inc. Announces Declaration of Dividend ATLANTA, Nov. 4 /PRNewswire-FirstCall/ -- Gray Television, Inc. (NYSE:GTNNYSE:andNYSE:GTN.A) announced today that its Board of Directors has declared a dividend of $.03 per share, payable on December 30, 2004, to stockholders of record of its Common Stock and Class A Common Stock on December 14, 2004. This is the 37th consecutive year that Gray has paid a common stock cash dividend. Gray's Board of Directors also declared a dividend of $200 per share, payable on December 31, 2004, to stockholders of record of its Series C Preferred Stock on December 15, 2004. Gray Television, Inc. is a communications company headquartered in Atlanta, Georgia, and currently operates 16 CBS-affiliated television stations, seven NBC-affiliated television stations, seven ABC-affiliated television stations and five daily newspapers. DATASOURCE: Gray Television, Inc. CONTACT: Bob Prather, President, +1-404-266-8333, or Jim Ryan, Chief Financial Officer, +1-404-504-9828, both of Gray Television, Inc. Web site: http://www.graytvinc.com/

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