THIS PAPER DOCUMENT IS BEING SUBMITTED PURSUANT
TO RULE 902(g) OF REGULATION S-T
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Lynch Interactive Corporation
(Name of Issuer)
Common Stock Par Value $.0001 Per Share
(Title of Class and Securities)
551137102
(CUSIP Number of Class of Securities)
Robert A. Hurwich, Lynch Corporation,
401 Theodore Fremd Ave, Rye, NY 10580-1435 (914) 921-7601
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 1, 1999
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule
13D, and is filing this schedule because of Sections 240.13d-1(e), or
240.13d-1(f) or 240.13d-1(g), check the following box [ ].
<PAGE>
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CUSIP No. 551137102 13D
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Mario J. Gabelli
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
____
(a) /___/
____
(b) /___/
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS*
OO
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ____
/ /
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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: (7) SOLE VOTING POWER
: 324,021 (Item 5)
:________________________
: (8) SHARED VOTING POWER
NUMBER OF SHARES BENEFICIALLY : None
OWNED BY EACH REPORTING :________________________
PERSON WITH : (9) SOLE DISPOSITIVE
: POWER
: 324,021 (Item 5)
:________________________
:(10) SHARED DISPOSITIVE
: POWER
: None
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
324,021 (Item 5)
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(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES* _____
/ /
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
22.94%
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(14) TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1.Security and Issuer
The class of equity securities to which this statement
on Schedule 13D relates is the Common Stock, $.0001 par value
per share ("Securities") of Lynch Interactive Corporation (the
"Issuer"), a Delaware corporation, with principal offices located
at 401 Theodore Fremd Ave, Rye, New York 10580.
Item 2. Identity and Background
This statement is being filed by Mario J. Gabelli
("Mario Gabelli").
Mario Gabelli is the Chairman of the Board of Directors
and Chief Executive Officer of the Issuer and of Lynch
Corporation, each with principal offices located at 401 Theodore
Fremd Ave., Rye, NY 10580. Mario Gabelli also serves as the
Chairman of the Board of Directors, Chief Executive Officer and
Chief Investment Officer of Gabelli Asset Management Inc., a
public securities and investment mangement company with principal
offices located at 1 Corporate Center, Rye, NY 10580. Mario
Gabelli also serves on the Board of Directors of East West
Communications, Inc. with principal offices located at 350
Stuyvesant Ave., Rye, NY 10580, and on the Board of Directors of
Spinnaker Industries, Inc. with principal offices located at 600
N. Pearl St., Suite 2160, Dallas, TX 75201.
During the last five years, Mario Gabelli has not been
convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors), and has not been a party to a civil
proceeding of a judicial or administrative body of competent
jurisdication as a result of which he was or is subject to a
judgement, decree or final order enjoining future violations of,
or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to
such laws. Mario Gabelli is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration
On September 1, 1999, Lynch Corporation ("Lynch")
distributed to its shareholders in a spin-off (the "Spin-Off")
all of the Securities owned by it. As a result of the Spin-Off,
Mario Gabelli became the beneficial owner of 324,021 shares of
the Securities. These transactions are described in more detail
in the Issuer's Prospectus dated August 18, 1999, which is
incorporated herein by reference.
Item 4. Purpose of Transaction
Mario Gabelli received the Securities reported herein
in connection with the Spin-Off. He may acquire additional
Securities or dispose of some or all of the Securities reported
herein.
As Chairman of the Board and Chief Executive Officer of
the Issuer, Mario Gabelli is actively involved in the management
of the Issuer. Accordingly, in the normal course of his duties
as an officer and director of the Issuer, Mario Gabelli may
consider, analyze or propose corporate transactions involving the
Issuer or its subsidiaries, sales or transfers of assets of the
Issuer, changes in the board of directors or management of the
Issuer, changes in the capitalization or dividend policy of the
Issuer, changes in the Issuer's business or corporate structure
and similar actions affecting the Issuer.
Other than as described above, Mario Gabelli does not
have any present plans or proposals which relate to or would
result in any transaction, change or event specified in clauses
(a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest In Securities Of The Issuer
(a) The aggregate number and percentage of Securities
to which this Schedule 13D relates is 324,021 shares, repre-
senting 22.94% of the 1,412,383 shares outstanding as reported by
the Issuer on September 10, 1999.
(b) Mario J. Gabelli has the sole power to vote or
direct the vote and sole power to dispose or to direct the
disposition of the Securities reported by him.
(c) See Item 3 above.
(d) With respect to 70,000 of the shares reported as
beneficially owned by Mario Gabelli, a family partnership has the
right to receive and the power to direct the receipt of dividends
from, or the proceeds from the sale of, such Securities. Mario
Gabelli is the general partner of this family partnership and has
approximately a 20% interest therein. With repect to 1,000 shares
reported as beneficially owned by Mario J. Gabelli, a private
foundation has the right to receive and the power to direct the
receipt of dividends from, or the proceeds from the sale of, such
Securities. Mario Gabelli is a Trustee, President and Investment
Manager for this private foundation.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
None
Item 7. Material to be Filed as an Exhibit
The following Exhibit A is attached hereto.
Exhibit A: Powers of Attorney to Robert A. Hurwich
from Mario J. Gabelli.
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
Dated: September 13, 1999
MARIO J. GABELLI
By:_____________________________
Robert A. Hurwich
Attorney-in-Fact
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, THAT I, Mario J. Gabelli have made,
constituted and appointed, and by these presents do make, constitute and
appoint, Robert A. Hurwich, Stephen G. Bondi, Peter D. Goldstein and
James E. McKee, and any one of them acting separately, my true and
lawful attorneys for me and in my name, place and stead solely for the
purpose of executing, filing or delivering on behalf of Lynch
Corporation or any of its subsidiaries any and all statements on
Schedule 13D under the Securities Exchange Act of 1934, and any
amendments thereof and any filing agreement relating thereto, giving and
granting unto said attorneys full power and authority to do and perform
all and every such act as fully, to all intents and purposes, as I might
or could do if personally present, with full power of substitution and
revocation, hereby ratifying and confirming all that said attorneys or
their substitute shall lawfully do or cause to be done by virtue hereof.
By this instrument, I do also cancel and revoke any and all prior
authorizations, appointments or powers of attorney made, granted or
given by me with respect to the matters covered hereby. This instrument
may not be changed orally.
IN WITNESS WHEREOF, I have hereunto set
may hand and seal this 13th day of
September, 1999.
/s/
___________________________________
Mario J. Gabelli
BE IT KNOWN, that on this 13th day of September, 1999, before me,
Karyn M. Nappi, a Notary Public in and for the State of
New York, duly commissioned and sworn, personally came and appeared
Mario J. Gabelli, to me known, and known to me to be the same person
described in and who executed the Power of Attorney, and acknowledged
the within Power of Attorney to be his act and deed.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed my
seal of office, the day and year above written.
/s/
__________________________________
Notary Public