Gamco, Gabelli sell more shares of Young Broadcasting

By Lisa Kerner

Charlotte, N.C., June 23 - Investors led by Gamco Asset Management Inc. and Gabelli Funds, LLC sold 163,810 shares of Young Broadcasting Inc., reducing their ownership interest in the company to 16.87% from 18.05% on June 5.

The shares were sold between June 5 and June 20 priced from $0.14 to $0.48 each, according to a schedule 13D filing with the Securities and Exchange Commission.

Gamco, Gabelli and its affiliates beneficially own 3,589,659 shares of the New York-based television station owner.

The investors sold 266,982 shares of Young Broadcasting between May 8 and June 3 priced from $0.31 to $0.50 each, a prior SEC filing reported.

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