Gabelli, Gamco sell shares in LIN TV, lowering equity stake to 22.47%

By Lisa Kerner

Charlotte, N.C., Sept. 10 - LIN TV Corp. shareholders led by Gabelli Funds, LLC and Gamco Asset Management Inc. reduced their stake in the company to 22.47% with the sale of 292,600 shares between Aug. 24 and Sept. 9.

The shares were priced from $2.9315 to $4.6745 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Thursday.

Between July 31 and Aug. 21, Gamco sold 294,800 shares for a 23.52% ownership interest, a prior SEC filing said.

The reporting persons beneficially own 6,263,164 shares of the Providence, R.I., television station company's outstanding stock.

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