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Gamco, Gabelli continue to sell Young Broadcasting shares, keep 9.82% interest
By Lisa Kerner
Charlotte, N.C., Sept. 3 - Investors led by Gamco Asset Management Inc. and Gabelli Funds, LLC sold 221,600 shares of Young Broadcasting Inc. between Aug. 27 and Aug. 29 priced from $0.11 to $0.1155 per share.
With the sale, the investors reduced their stake in the company to 9.82% from 10.83%.
The transactions were included in a schedule 13D filed with the Securities and Exchange Commission.
Gamco, Gabelli and their affiliates beneficially own approximately 2.14 million shares of the New York-based television station owner.
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