Gabelli and Gamco continue to monitor, invest in, LIN TV

By Lisa Kerner

Charlotte, N.C., May 30 - LIN TV Corp. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. purchased 287,899 shares of the company's stock between May 22 and May 24, priced from $19.04 to $19.64, according to a schedule 13D filed with the Securities and Exchange Commission.

The reporting persons beneficially own 4,859,387 shares, or 17.82%, of the company's outstanding stock.

On May 22, the investors reported ownership of 4,570,987 shares, or 16.76%, of the Providence, R.I. television station owners' stock.

In a previous SEC filing, Gabelli and Gamco said they "may retain other investment bankers to make sure that our clients are participants in any attempts to surface the underlying values in going-private transactions where management or insiders are participants.

On May 18, LIN TV announced it will explore strategic alternatives, including a possible sale of the company, with the assistance of J.P. Morgan Securities Inc.

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