Gabelli, Gamco buy more LIN TV shares

By Angela McDaniels

Seattle, Oct. 2 - LIN TV Corp. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. purchased 321,400 shares of the company's stock between Sept. 6 and Oct. 1 priced from $11.98 to $13.49 each, according to a schedule 13D filed with the Securities and Exchange Commission.

The reporting persons beneficially own 6,159,478 shares, or 22.57%, of the Providence, R.I., television station company's outstanding stock.

On Sept. 6, the investors reported the purchase of 307,800 shares for a stake of 21.46%, up from the 20.17% stake reported on Aug. 9.

On May 18, LIN TV announced it will explore strategic alternatives, including a possible sale of the company, with the assistance of J.P. Morgan Securities Inc.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.