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Gamco continues to invest in Salem Communications
By Lisa Kerner
Charlotte, N.C., Nov. 5 - A group of investors led by Gamco Asset Management Inc. upped their stake in Salem Communications Corp. to 10.72% from 9.7% with the purchase of 183,300 additional shares.
The shares were acquired between Oct. 28 and Nov. 11 at prices from $0.95 to $1.06 each, according to a schedule 13D/A filing with the Securities and Exchange Commission.
Between Aug. 28 and Oct. 27, Gamco-led investors bought 104,241 shares of Salem Communications at prices from $0.8615 to $1.90 each, a prior SEC filing said.
Gamco and Gabelli beneficially own approximately 1.94 million shares of the Camarillo, Calif.-based radio broadcaster, internet content provider and magazine publisher.
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