Gabelli, Gamco sell shares in LIN TV, lowering stake to 25.63%

By Angela McDaniels

Tacoma, Wash., July 13 - LIN TV Corp. shareholders led by Gabelli Funds, LLC and Gamco Asset Management Inc. reduced their stake in the company to 25.63% from 26.68%, according to a schedule 13D/A filed with the Securities and Exchange Commission.

The investors sold a net 287,500 shares of LIN TV stock in a series of buy and sell transactions between June 22 and July 10.

The shares were priced from $1.27 to $1.91 each.

The reporting persons beneficially own 7,150,964 shares of the Providence, R.I., television station company's outstanding stock.

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