Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
ROBINSON J MACK
   2. Issuer Name and Ticker or Trading Symbol
GRAY TELEVISION INC [GTN] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
4370 PEACHTREE ROAD,NE		 3. Date of Earliest Transaction (Month/Day/Year)
11/10/2008
(Street)

ATLANTA, GA 30319		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock (GTN) 11/10/2008   P   20,000 A $ 0.45 331,450 D  
Common Stock (GTN) 11/10/2008   P   30,000 A $ 0.45 255,200 I Spouse
Common Class A Stock (GTN.A)               976,676 D  
Common Class A Stock (GTN.A)               787,440 I Spouse
Common Stock (GTN)               109,750 I Spouse as Trustee for Children
Common Class A Stock (GTN.A)               1,189,180 I Spouse as Trustee for Children
Common Stock (GTN)               35,000 I Delta Fire & Casualty Ins. Co.
Common Class A Stock (GTN.A)               33,750 I Delta Fire & Casualty Ins. Co.
Common Stock (GTN)               10,000 I Delta Life Ins. Co.
Common Class A Stock (GTN.A)               135,795 I Delta Life Ins. Co.
Common Class A Stock (GTN.A)               221,706 I Bankers Fidelity Life Ins. Co.
Common Stock (GTN)               6,000 I Georgia Casualty & Surety Co.
Common Class A Stock (GTN.A)               132,354 I Georgia Casualty & Surety Co.
Common Stock (GTN)               50,000 I Association Casualty Insurance Co.
Common Class A Stock (GTN.A)               32,000 I Association Casualty Insurance Co.
Common Stock (GTN)               50,000 I American Southern Insurance Co.
Common Stock (GTN)               5,518 (1) D  
Common Stock (GTN) 11/10/2008   P   100,000 A $ 0.435 100,000 I Gulf Capital Services, Ltd.
Common Class A Stock (GTN.A)               125,700 I Gulf Capital Services, Ltd.

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option - Class A Common Stock (GTN.A) $ 15.39 (2)             11/19/2000 11/19/2008 GTN.A 11,570 (2)   11,570 D  
Option - Common Stock (GTN) $ 10.93 (2)             11/20/2005 11/20/2008 GTN 45,720 (2)   45,720 D  
Options - Common Stock (GTN) $ 9.71 (2)             06/07/2005 06/07/2010 GTN 142,875 (2)   142,875 D  
Options - Common Stock (GTN) $ 7.64             02/01/2010 02/01/2013 GTN 300,000   300,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ROBINSON J MACK
4370 PEACHTREE ROAD,NE
ATLANTA, GA 30319		   X      

Signatures

 Dottie Boudreau by power of attorney   11/12/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Held in 401K plan and based on plan statement as of 12/31/07.
(2) Reflects anti-dilution adjustment undertaken as a result of the spin-off completed on December 30, 2005.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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