Among the 23 bidders cleared to take part in the first major auction of U.S. airwaves in five years are a satellite TV provider, telephone companies, venture capitalists and a familiar name on Wall Street: Mario Gabelli.
Mario Gabelli, the founder of Gamco Investors Inc., says Viacom will use cash flow to buy back stock and its shares will reach $160 "in the next five years." Gabelli talks with Bloomberg's Tom Keene and Scarlet Fu on Bloomberg Radio's "Bloomberg Surveillance."
Dish Network Corp. is in position to be the most aggressive bidder in the first major U.S. airwaves auction in more than five years, which started today. The question is what the satellite-television operator will do with the bargain-priced frequencies if it wins.
General Motors Co.’s purchase of AmeriCredit Corp. will make it easier for the automaker 61 percent owned by the U.S. government to compete with Ford Motor Co. and Toyota Motor Corp. , Mario Gabelli said.
Arthur Samberg, the founder of Pequot Capital Management Inc., and Mario Gabelli, chairman of Gamco Investors Inc., pledged a combined $40 million to Columbia Business School to help fund a new campus.
Federal-Mogul Corp., the auto-parts maker controlled by billionaire Carl Icahn, surged the most in more than four years after returning to a profit in the second quarter and investor Mario Gabelli boosted his stake to more than 5 percent.
Investor Mario Gabelli, Ntelos Holdings Corp. and telephone companies in Vermont and Wyoming are among 33 applicants that may compete with Dish Network Corp. to win airwaves at a U.S. auction beginning in January.