Gamco, Gabelli boost ownership interest in Salem Communications

By Lisa Kerner

Charlotte, N.C., Feb. 5 - Salem Communications Corp. investors including Gamco Asset Management Inc. and Gabelli Funds, LLC purchased 189,500 shares of the company's stock between Nov. 30 and Feb. 1 priced from $6.90 to $8.00 each.

With the latest purchases, the investors increased their ownership in the company to 7.44% from 6.27%.

Gamco and Gabelli beneficially own 1,348,600 shares of the Camarillo, Calif.-based radio broadcaster, internet content provider and magazine publisher.

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