Gabelli & Company Comments On Buy-Rated TVL

Gabelli & Company is commenting on Buy-rated LIN TV Corp. TVL.

“Risk remains JV offset by improving fundamentals with digital and retrans helping LIN and prospects for mobile evolving,” Gabelli & Company writes. “Debt coming down and any refinancing should be viewed favorably by the market. Private equity owners could facilitate sale.

“Pending Citadel acquisition demonstrates interest in media, provides a valuation yardstick and indicates financing available from PE and banks.”

LIN TV closed Wednesday at $4.90.