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Gabelli, Gamco buy more LIN TV shares
By Angela McDaniels
Seattle, Oct. 2 - LIN TV Corp. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. purchased 321,400 shares of the company's stock between Sept. 6 and Oct. 1 priced from $11.98 to $13.49 each, according to a schedule 13D filed with the Securities and Exchange Commission.
The reporting persons beneficially own 6,159,478 shares, or 22.57%, of the Providence, R.I., television station company's outstanding stock.
On Sept. 6, the investors reported the purchase of 307,800 shares for a stake of 21.46%, up from the 20.17% stake reported on Aug. 9.
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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