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
GABELLI INTERNATIONAL LTD
10/24/00 24,600 11.5170
MJG ASSOCIATES
10/24/00 2,000 11.5170
GAMCO INVESTORS, INC.
10/26/00 1,000 13.1875
10/25/00 4,000 12.4492
10/25/00 4,000 12.4492
10/20/00 1,500 11.0000
GABELLI FUNDS, LLC.
GABELLI SMALL CAP GROWTH FUND
10/26/00 90,100 13.0000
10/25/00 10,000 12.6750
GABELLI MULTIMEDIA TRUST
10/26/00 25,000 13.0000
(1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
ON THE NYSE.
(2) PRICE EXCLUDES COMMISSION.