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Gamco, Gabelli continue to sell shares of Young Broadcasting
By Lisa Kerner
Charlotte, N.C., Aug. 15 - Investors led by Gamco Asset Management Inc. and Gabelli Funds, LLC sold 194,572 shares of Young Broadcasting Inc. between July 2 and Aug. 14 priced from $0.1545 to $0.6334 per share.
With the sale, the investors reduced their stake in the company to 11.86% from 13.21% on July 2.
The transactions were included in a schedule 13D filed with the Securities and Exchange Commission.
Gamco, Gabelli and its affiliates beneficially own 2,589,000 shares of the New York-based television station owner.
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