Gamco-led investors continue to build stake in LIN TV Corp.

By Lisa Kerner

Charlotte, N.C., Nov. 20 - LIN TV Corp. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. purchased 314,000 shares of the company's stock between Oct. 2 and Nov. 19 priced from $10.21 to $14.70 each, according to a schedule 13D filed with the Securities and Exchange Commission.

The reporting persons beneficially own 6,458,867 shares, or 23.65%, of the Providence, R.I., television station company's outstanding stock.

On Oct. 2 the investors reported a 22.57% stake in the company, up from 21.46% on Sept. 6.

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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