LIN TV shareholders led by Gabelli and Gamco raise ownership to 28.92%

By Lisa Kerner

Charlotte, N.C., Nov. 21 - Investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. upped their stake in LIN TV Corp. to 28.92% with the purchase of 405,725 additional shares of the company's stock.

The shares were acquired following a series of buy and sell transactions between Oct. 1 and Nov. 20 with the shares priced from $0.70 to $5.1454 each, according to a schedule 13D/A filed with the Securities and Exchange Commission.

The reporting persons beneficially own approximately 8.05 million shares of the Providence, R.I., television station company's outstanding stock.

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