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Gamco-led investors buy more shares of Young Broadcasting
By Lisa Kerner
Charlotte, N.C., Dec. 31 - Young Broadcasting Inc. investors led by Gamco Asset Management Inc. and Gabelli Funds, LLC bought 174,907 shares of the company's stock between Dec. 21 and Dec. 28.
The shares were priced from $1.00 to $1.15 each, according to a schedule 13D filing with the Securities and Exchange Commission.
The investors own 4,091,180 shares, or 19.52%, of the New York-based television station owner/operator.
On Dec. 21, Gamco and Gabelli owned 3,872,480 shares, or 18.48%, of Young Broadcasting.
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