<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>3
<FILENAME>gtnii.txt
<TEXT>
								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.

</TEXT>
</DOCUMENT>
