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 COMM SYS CLA B
MJG ASSOCIATES, INC.
11/28/00 1,000- 14.8750
GABELLI INTERNATIONAL LTD
11/17/00 14,000 14.0000
GAMCO INVESTORS, INC.
11/30/00 21,000 13.2500
11/30/00 300 14.5625
11/27/00 1,000 14.9375
11/27/00 500 14.9375
11/24/00 500 14.8750
11/24/00 1,500- 14.8750
11/22/00 5,500 14.9432
11/21/00 13,500 14.8935
11/20/00 2,000- 14.8750
11/20/00 1,500 14.8750
11/20/00 5,000 14.9500
11/20/00 500 14.8750
11/20/00 1,000 14.8750
11/20/00 1,000 14.7500
11/20/00 500- 14.8750
11/17/00 1,000 14.8750
11/17/00 4,000 14.8438
11/17/00 6,000 14.8344
11/17/00 2,500 14.6250
11/16/00 3,500 14.8571
11/15/00 6,500 14.9856
11/14/00 5,000 14.7875
11/13/00 2,000 14.6250
(1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
ON THE NYSE.
(2) PRICE EXCLUDES COMMISSION.