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Gamco, Gabelli raise stake in Viacom
By Lisa Kerner
Charlotte, N.C., Jan. 3 - Investors led by Gamco Asset Management, Inc. and Gabelli Funds, LLC bought an additional 526,950 shares of Viacom Inc. stock, increasing their stake in the company to 8.45%.
The shares were purchased between Dec. 4 and Jan. 2 priced from $40.20 to $44.85 each, according to a schedule 13D filing with the Securities and Exchange Commission.
The reporting persons beneficially own some 4.86 million shares of the New York-based entertainment content company.
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