Gabelli, Gamco sell shares in LIN TV, lowering stake to 23.52%

By Lisa Kerner

Charlotte, N.C., Aug. 24 - LIN TV Corp. shareholders led by Gabelli Funds, LLC and Gamco Asset Management Inc. reduced their stake in the company to 23.52% with the sale of 294,800 shares between July 31 and Aug. 21.

The shares were priced from $1.60 to $3.92 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Monday.

Between July 25 and July 29, Gamco sold 295,400 shares for a 24.56% ownership interest, a prior SEC filing said.

The reporting persons beneficially own 6,557,764 shares of the Providence, R.I., television station company's outstanding stock.

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