Media General investor Gamco sells shares, drops ownership to 29.91%

By Lisa Kerner

Charlotte, N.C., Sept. 8 - A group of investors led by Gamco Asset Management Inc. sold 308,849 shares of Media General, Inc. between July 20 and Sept. 4 priced from $2.00 to $8.4512 each.

The investor group beneficially owns 6,652,149 shares, or 29.91%, of the Richmond, Va., communications company, according to a schedule 13D/A filed with the Securities and Exchange Commission on Tuesday.

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