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Gabelli, Gamco sell shares in LIN TV, lowering stake to 24.56%
By Lisa Kerner
Charlotte, N.C., July 30 - LIN TV Corp. shareholders led by Gabelli Funds, LLC and Gamco Asset Management Inc. reduced their stake in the company to 24.56% with the sale of a net 295,400 shares in a series of buy and sell transactions between June 25 and July 29.
The shares were priced from $1.27 to $1.91 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Thursday.
The reporting persons beneficially own 6,852,564 shares of the Providence, R.I., television station company's outstanding stock.
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