Gabelli, Gamco sell shares in LIN TV, reduce ownership to 20.06%

By Lisa Kerner

Charlotte, N.C., Nov. 9 - LIN TV Corp. shareholders led by Gabelli Funds, LLC and Gamco Asset Management Inc. dropped their interest in the company to 20.06% with the sale of 204,075 shares between Oct. 1 and Nov. 5.

The shares were priced from $3.5333 to $5.1726 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Monday.

Between Sept. 10 and Sept. 30, Gamco sold 278,600 shares for a 21.46% ownership interest, a prior SEC filing said.

The reporting persons beneficially own 5,779,564 shares of the Providence, R.I., television station company's outstanding stock.

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