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Gabelli, Gamco own 5.98% of Sinclair Broadcast Group
By Angela McDaniels
Tacoma, Wash., May 22 - Sinclair Broadcast Group, Inc. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. reported the sale of 33,000 shares of the company's common stock between March 31 and May 16.
The shares were sold for $8.56 to $9.31 each, according to a schedule 13D filing with the Securities and Exchange Commission.
The investors also purchased 500 shares on April 18 for $8.92 each and an additional 500 shares on May 5 for $9.19 each.
Following the transactions, the investors own 3,237,901 shares, or 5.98%, of the Hunt Valley, Md.-based television broadcaster's common stock.
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