<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>d48751_2gt991.txt
<DESCRIPTION>ADDITIONAL EXHIBITS
<TEXT>
<PAGE>
                                                                    EXHIBIT 99.1


      1.    STRAND ADVISORS, INC.

<Table>
<Caption>
                ITEM                                                    INFORMATION

<S>                                    <C>
Name:                                  Strand Advisors, Inc.

Address:                               Two Galleria Tower
                                       13455 Noel Road, Ste. 800
                                       Dallas, Texas 75240

Designated Filer:                      Highland Capital Management, L.P.

Issuer Name and Ticker or              Gray Television, Inc [GTN]
Trading Symbol:

Date of Earliest Transaction           August 3, 2007
Required to be Reported
(Month/Day/Year):

If Amendment, Date Original            Not Applicable
Filed (Month/Day/Year):

Relationship of Reporting              10% Owner
Person(s) to Issuer:

Individual or Joint/Group Filing:      Form filed by More than One Reporting Person

Signature:
                                       By:        /s/ James D. Dondero
                                                --------------------------------
                                       Name:    James D. Dondero
                                       Title:   President
                                       Date:    August 8, 2007
</Table>

<PAGE>

      2.    JAMES D. DONDERO

<Table>
<Caption>
                ITEM                                                    INFORMATION

<S>                                    <C>
Name:                                  James D. Dondero

Address:                               Two Galleria Tower
                                       13455 Noel Road, Ste. 800
                                       Dallas, Texas 75240

Designated Filer:                      Highland Capital Management, L.P.

Issuer Name and Ticker or              Gray Television, Inc [GTN]
Trading Symbol:

Date of Earliest Transaction           August 3, 2007
Required to be Reported
(Month/Day/Year):

If Amendment, Date Original            Not Applicable
Filed (Month/Day/Year):

Relationship of Reporting              10% Owner
Person(s) to Issuer:

Individual or Joint/Group Filing:      Form filed by More than One Reporting Person

Signature:
                                       By:        /s/ James D. Dondero
                                                --------------------------------
                                       Name:    James D. Dondero
                                       Date:    August 8, 2007
</Table>
</TEXT>
</DOCUMENT>
