Gray Television investors Gabelli, Gamco sell 116,148 shares

By Lisa Kerner

Charlotte, N.C., Sept. 22 - Gray Television, Inc. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. sold a net 116,148 shares of the company's stock through a series of buy and sell transactions between July 23 and Sept. 21.

The shares were priced from $0.43 to $3.17 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Tuesday.

Gabelli, Gamco and their affiliates beneficially own 2,536,675 shares, or 5.92%, of the Atlanta television broadcasting company.

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