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Media General shareholder Gamco buys 407,483 shares
By Lisa Kerner
Charlotte, N.C., Dec. 8 - Gamco Asset Management Inc. reported the purchase of a net 407,483 shares of Media General, Inc. in a schedule 13D/A filed with the Securities and Exchange Commission.
The shares were acquired through a series of buy and sell transactions between Nov. 26 and Dec. 5 with the shares priced from $1.4613 to $1.91 each, the filing said.
Between Sept. 26 and Nov. 25, Gamco bought 425,259 shares, a prior SEC filing said.
Gamco and its affiliates beneficially own approximately 5.66 million shares, or 25.5%, of the Richmond, Va., communications company.
Media General is one of several companies Gamco believes would benefit from new leadership, it was previously reported.
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