Media General shareholder Gamco ups stake to 27.73%

By Lisa Kerner

Charlotte, N.C., Jan. 6 - Gamco Asset Management Inc. reported the purchase of a net 241,252 shares of Media General, Inc. in a schedule 13D/A filed with the Securities and Exchange Commission.

The investor made a series of buy and sell transactions between Dec. 30 and Jan. 5 with the shares priced from $1.7025 to $2.7474 each, the filing said.

Between Dec. 8 and Dec. 29, Gamco sold a net 15,194 shares, a prior SEC filing said.

Gamco and its affiliates beneficially own 6,161,745 shares, or 27.73%, of the Richmond, Va., communications company.

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