Business Services Industry

GAMCO is Considering Contacting Individuals Concerning Serving on the Board of Directors of Public Companies

Business Wire, Sept 24, 2008

RYE, N.Y. -- GAMCO Investors, Inc. (NYSE: GBL) announced today that it is considering contacting individuals concerning their interest and their qualifications to serve on the Board of Directors of public companies.

This inquiry is likely to result in feedback to companies in which we have 13-d filings, as well as further dialogue with these companies concerning the use of cash flow, and corporate governance such as poison pills. Accordingly, we thought it better for us to disclose that we are considering undertaking this activity "en masse".

A list of companies that we are reviewing for discussion includes:

CH ENERGY GROUP HOLDING
PENNICHUCK CORP.
CABLEVISION SYSTEMS CORP.
TELEPHONE & DATA SYSTEMS, INC.
FISHER COMMUNICATIONS
STANDARD MOTOR PRODUCTS, INC.
MEDIA GENERAL, INC.
GAYLORD ENTERTAINMENT, INC.
MYERS INDUSTRIES, INC.
ALPHARMA INC.
US CELLULAR CORPORATION
SONESTA INTERNATIONAL HOTELS CORPORATION
TRANS-LUX CORPORATION

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 June 30, 2008, GAMCO had approximately $28.3 billion in assets under management.

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION

Our disclosure and analysis in this press release contain some forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, and financial results. Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know about our business and operations, there can be no assurance that our actual results will not differ materially from what we expect or believe. Some of the factors that could cause our actual results to differ from our expectations or beliefs include, without limitation: the adverse effect from a decline in the securities markets; a decline in the performance of our products; a general downturn in the economy; changes in government policy or regulation; changes in our ability to attract or retain key employees; and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations. We also direct your attention to any more specific discussions of risk contained in our Form 10-K and other public filings. We are providing these statements as permitted by the Private Litigation Reform Act of 1995. We do not undertake to update publicly any forward-looking statements if we subsequently learn that we are unlikely to achieve our expectations or if we receive any additional information relating to the subject matters of our forward-looking statements.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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