EXHIBIT 99(c)

                                LYNCH CORPORATION
                         140 GREENWICH AVENUE, 4TH FLOOR
                          GREENWICH, CONNECTICUT 06830





                                                          ___________ ____, 2005

Dear Shareholder:

            On  behalf  of the  Board of  Directors  of Lynch  Corporation  (the
"Company"),  we are pleased to provide details on the Company's  rights offering
to purchase  common  shares (the "Common  Shares").  The Common Shares are being
offered at the subscription price of $______ per share.

            Each  beneficial  owner of the Company's  Common Shares will receive
one  subscription  right  ("Subscription  Right") for each Common  Share that it
owned on  _____________  ___, 2005.  Every three such  Subscription  Rights will
entitle  such  beneficial  owner  to  subscribe  for one  Common  Share  ("Basic
Subscription  Privilege").  If, pursuant to the exercise of Subscription Rights,
the number of Common Shares that a beneficial owner would be entitled to receive
would result in receipt of fractional  shares,  the  aggregate  number of Common
Shares that such beneficial  owner is entitled to purchase will be rounded up to
the  nearest  whole  number.  You will not  receive  cash in lieu of  fractional
shares.

            If you fully  exercise the Basic  Subscription  Privilege  issued to
you, you may subscribe for additional Common Shares through the oversubscription
privilege.  If the Company's other shareholders receiving rights do not elect to
purchase  all of the  Common  Shares  offered  under  their  basic  subscription
privilege,  then Common Shares purchased through the oversubscription  privilege
will be allocated pro rata based on the number of Common Shares each  subscriber
for  additional  Common  Shares  has  purchased  under  the  basic  subscription
privilege, as more fully described in the Company's prospectus,  dated _________
___, 2005.

            Enclosed are copies of the following documents:

            1.     the Prospectus;

            2.     the  Instructions for Use of Lynch  Corporation  Subscription
                   Certificates;

            3.     the Subscription Certificate; and

            4.     a return  envelope  addressed to Mellon Bank, N.A. c/o Mellon
                   Investor Services LLC, the Subscription Agent.

            The  enclosed  Prospectus  describes  the  rights  offering  and the
procedure  to follow if you choose to  exercise  your  rights.  Please  read the
Prospectus and other enclosed materials carefully.



            Your prompt action is requested.  The rights offering will expire at
5:00 p.m., New York City time, on __________  ___, 2005,  unless extended for up
to 15 days (the "Expiration Date").

            To  exercise  your  rights,   a  properly   completed  and  executed
Subscription  Certificate  and  payment  in full  for all of the  Common  Shares
purchased  must be  delivered  to the  Subscription  Agent as  indicated  in the
Prospectus prior to 5:00 p.m., New York City time, on the Expiration Date.

            Additional  copies of the enclosed  materials  may be obtained  from
Mellon  Investor  Services  LLC.  Their  toll-free  telephone  number  is  (866)
340-1578.

            We are pleased to offer you this  opportunity and hope that you will
consider a further investment in the Company.


                                            Very truly yours,



                                            LYNCH CORPORATION



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