Gamco, Gabelli continue to sell shares of Young Broadcasting

By Lisa Kerner

Charlotte, N.C., July 2 - Investors led by Gamco Asset Management Inc. and Gabelli Funds, LLC sold 340,907 shares of Young Broadcasting Inc. between June 26 and July 1 priced from $0.15 to $0.20 each.

With the sale, the investors reduced their stake in the company to 13.21%, from 14.81% on June 26.

The transactions were included in a schedule 13D filed with the Securities and Exchange Commission.

Gamco, Gabelli and its affiliates beneficially own 2,810,572 shares of the New York-based television station owner.

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