Group lowers IFE stake

A group including New York money manager Mario Gabelli lowered its stake in Intl.

Family Entertainment Class B common shares to 9.69%. In a filing with the Securities & Exchange Commission, the group said it now holds 2.42 million common shares of the company. The Gabelli group previously reported on May 25 holding a 10.78% stake, or 2.69 million Class B shares of the company.

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