You are right but wrong. That is the real controlling shareholders, well represented by Lin's Board, don't care about the general shareholders even those as large as the Gabelli interests. Look up Young Broadcasting and Granite Broadcasting both bankrupt TV operators for historical proof of Gabelli and others riding the those two investments to zero. As a long retired financial executive of John Blair and Company (once a NYSE media company) taken over by Saul Steinberg and Reliance Holdings, and later as a consultant to Providence based Outlet Communications which was shaped up by WESRAY and sold at a good profit for all shareholders, I understanding TVL's business well. At least David Smith and the Smiths' at Sinclair Broadcasting are doing some things for the average shareholders even though they also control it and don't have to care for the other stockholders.
If TVL were to aggressively buy back its stock or pay at least a token dividend, I might respond more favorably. As to outsmarting the Roberts family and the Comcast Company, don't bet on it. TIMH