Gamco, Gabelli report 5.54% ownership interest in Clear Channel

By Lisa Kerner

Charlotte, N.C., April 16 - Investors led by Gamco Asset Management Inc. and Gabelli Funds, LLC bought a net 153,600 shares of Clear Channel Communications, Inc. in a series of buy and sell transactions between Feb. 19 and April 15, according to a schedule 13D filed on Thursday with the Securities and Exchange Commission.

The shares were priced from $2.44 to $4.21 each, the filing said.

Gamco and Gabelli beneficially own 2,253,400 shares, or 5.54%, of the San Antonio media company's outstanding stock.

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