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Thursday, May 31, 2007

Caymus Partners Engaged by GAMCO Asset Management Inc., the Largest Class A Shareholder of LIN TV

Caymus Partners Engaged by GAMCO Asset Management Inc., the Largest Class A Shareholder of LIN TV

ATLANTA, May 31 /PRNewswire/ -- Caymus Partners LLC ("Caymus Partners") has been engaged by GAMCO Asset Management Inc. ("GAMCO"), the largest Class A shareholder of LIN TV. On May 18, 2007, LIN TV confirmed that it had retained the services of J.P. Morgan Securities, Inc. to explore strategic alternatives, including a possible sale of the company. Through this engagement with GAMCO, Caymus Partners will represent the interests of GAMCO's clients in any possible transaction that may occur with LIN TV. Mario J. Gabelli, Chairman of GAMCO Investors, Inc., said that "the dynamics in the private equity market" led him to seek the assistance of Caymus Partners, a middle-market investment bank with offices in Atlanta and New York and an expertise in media businesses, among others. As of May 30, 2007, LIN TV had a market capitalization of approximately $1 billion.

J. Oliver Maggard, Managing Partner of Caymus Partners, says, "Our engagement by GAMCO represents a growing trend among large institutional investors and other stakeholders who have a strong desire to have investment banking representation as companies in which they have a significant interest explore exiting the public markets and other strategic alternatives. We look forward to working with GAMCO as LIN TV explores its strategic alternatives."

"As LIN TV's single largest investor, it is important that the interests of GAMCO's clients be well represented," said Mr. Gabelli.


GAMCO Investors, Inc., through its subsidiaries, manages private advisory accounts (GAMCO Asset Management Inc.), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Gabelli Securities, Inc.). As of March 31, 2007, GAMCO had approximately $29.4 billion in assets under management.

About Caymus Partners

With offices in Atlanta and New York, Caymus Partners is a leading middle- market investment banking firm, providing merger and acquisition advisory services, private placements and other financial advisory services. Founded in 2001, Caymus Partners focuses on a variety of industries including business services, consumer, healthcare, telecommunications and media. Combined, the firm's senior bankers have more than 65 years of experience and have closed almost 300 transactions representing more than $25 billion in value. More information can be found at

Source: Caymus Partners LLC

CONTACT: J. Oliver Maggard, of Caymus Partners LLC, +1-212-755-3600,

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