Gamco, Gabelli-led funds increase stake in ACME

By Angela McDaniels

Seattle, Oct. 11 - ACME Communications, Inc. investors led by Gamco Investors, Inc. and Gabelli Funds, LLC purchased 13,000 shares of the company's common stock between Aug. 17 and Oct. 9 for $3.91 to $4.14 per share

They also sold 2,700 shares between Sept. 25 and Oct. 9 for $3.90 to $3.99 each.

Following the transactions, the investors beneficially own 804,835 shares, or 5.02%, of the company, according to a schedule 13D filing with the Securities and Exchange Commission.

Santa Ana, Calif.-based ACME owns and operates television broadcasting stations.

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