Gamco, Gabelli raise stake in LIN TV to 24.66%

By Lisa Kerner

Charlotte, N.C., Jan. 7 - Investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. purchased 308,300 shares of LIN TV Corp.'s stock, increasing their ownership in the company to 24.66% from 22.57%.

The shares were acquired between Nov. 30 and Jan. 3 priced from $9.68 to $13.20 each, according to a schedule 13D filed with the Securities and Exchange Commission.

The reporting persons beneficially own 6,733,667 shares of the Providence, R.I., television station company's outstanding stock.

Gabelli and Gamco reported a 20.17% stake in the company on Aug. 9.

LIN TV completed the review of strategic alternatives it began in May 2007 but will not comment further publicly on the process, it was previously reported.

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