The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADT CORP/THE COMM 00101J106 2,888 70,000 SH   SOLE   2,888 0 0
AGL RESOURCES COMM 001204106 977 15,000 SH   SOLE   977 0 0
AH BELO CORP-A COMM 001282102 388 80,734 SH   SOLE   388 0 0
AIRGAS INC COMM 009363102 4,249 30,000 SH   SOLE   4,249 0 0
ALLERGAN PLC COMM G0177J108 1,340 5,000 SH   SOLE   1,340 0 0
AMC NETWORKS INC COMM 00164V103 564 8,688 SH   SOLE   564 0 0
API TECHNOLOGIES CORP COMM 00187E203 197 100,000 SH   SOLE   197 0 0
APPLE COMPUTER INC COMM 037833100 1,460 13,400 SH   SOLE   1,460 0 0
ASSOCIATED CAPITAL GROUP COMM 045528106 1,751 62,483 SH   SOLE   1,751 0 0
BAKER HUGHES INC COMM 057224107 1,753 40,000 SH   SOLE   1,753 0 0
BAXALTA INC COMM 07177M103 2,828 70,000 SH   SOLE   2,828 0 0
BERKSHIRE HATHAWAY INC CL A COMM 084670108 427 2 SH   SOLE   427 0 0
BLOUNT INTERNATIONAL INC COMM 095180105 2,096 210,000 SH   SOLE   2,096 0 0
CABLE ONE INC COMM 12685J105 1,311 3,000 SH   SOLE   1,311 0 0
CABLEVISION SYSTEMS-NY GRP-A COMM 12686C109 4,016 121,704 SH   SOLE   4,016 0 0
CAMBIUM LEARNING GROUP INC COMM 13201A107 64 15,100 SH   SOLE   64 0 0
CAMERON INTERNATIONAL CORP COMM 13342B105 2,012 30,000 SH   SOLE   2,012 0 0
CINCINNATI BELL INC COMM 171871106 2,857 738,297 SH   SOLE   2,857 0 0
CLARCOR INC COMM 179895107 604 10,452 SH   SOLE   604 0 0
CONSOLIDATED COMMUNICATIONS COMM 209034107 306 11,882 SH   SOLE   306 0 0
CROWN MEDIA HOLDINGS-CLASS A COMM 228411104 6,697 1,318,385 SH   SOLE   6,697 0 0
CYRUSONE INC REIT 23283R100 913 20,000 SH   SOLE   913 0 0
DISCOVERY COMMUNICATIONS-A COMM 25470F104 1,089 38,029 SH   SOLE   1,089 0 0
DISCOVERY COMMUNICATIONS-C COMM 25470F302 573 21,214 SH   SOLE   573 0 0
DR PEPPER SNAPPLE GROUP INC COMM 26138E109 885 9,897 SH   SOLE   885 0 0
EMC CORP - MASS COMM 268648102 1,066 40,000 SH   SOLE   1,066 0 0
EQUINIX INC COMM 29444U700 4,236 12,809 SH   SOLE   4,236 0 0
FAIRCHILD SEMICON INTERNATIO COMM 303726103 400 20,000 SH   SOLE   400 0 0
FIDELITY & GUARANTY LIFE COMM 315785105 1,312 50,000 SH   SOLE   1,312 0 0
FORTUNE BRANDS HOME & SECURI COMM 34964C106 860 15,347 SH   SOLE   860 0 0
FRONTIER COMMUNICATIONS CORP SER B COMM 35906A108 1,141 204,192 SH   SOLE   1,141 0 0
GAMCO INVESTORS INC-A COMM 361438104 1,907 51,444 SH   SOLE   1,907 0 0
GANNETT CO INC COMM 36473H104 2,622 173,181 SH   SOLE   2,622 0 0
GENUINE PARTS CO COMM 372460105 1,659 16,700 SH   SOLE   1,659 0 0
GOGO INC COMM 38046C109 719 65,300 SH   SOLE   719 0 0
HOME INNS & HOTELS MANAG-ADR ADRS 43742E102 499 13,992 SH   SOLE   499 0 0
HUTCHINSON TECH COMM 448407106 971 265,343 SH   SOLE   971 0 0
INGRAM MICRO INC-CL A COMM 457153104 1,796 50,000 SH   SOLE   1,796 0 0
INTERNAP CORPORATION COMM 45885A300 1,099 402,664 SH   SOLE   1,099 0 0
INTERXION HOLDING NV COMM N47279109 1,420 41,051 SH   SOLE   1,420 0 0
ISHARES MSCI EMERGING MKT IN COMM 464287234 6,850 200,000 SH   SOLE   6,850 0 0
ISHARES RUSSELL 2000 COMM 464287655 27,658 250,000 SH   SOLE   27,658 0 0
JARDEN CORP COMM 471109108 1,179 20,000 SH   SOLE   1,179 0 0
JOURNAL MEDIA GROUP INC COMM 48114A109 265 22,125 SH   SOLE   265 0 0
KAR AUCTION SERVICES INC COMM 48238T109 363 9,521 SH   SOLE   363 0 0
KLA-TENCOR CORPORATION COMM 482480100 1,456 20,000 SH   SOLE   1,456 0 0
LGL GROUP INC COMM 50186A108 10 3,100 SH   SOLE   10 0 0
LGL GROUP INC WRNT 50186A108 87 26,300 SH   SOLE   87 0 0
MADISON SQUARE GARDEN COMPANY (THE) CL A COMM 55825T103 1,822 10,953 SH   SOLE   1,822 0 0
MEDIA GENERAL INC COMM 58441K100 2,733 167,561 SH   SOLE   2,733 0 0
MERCURY GENERAL CORP COMM 589400100 483 8,700 SH   SOLE   483 0 0
MICROSOFT CORP COMM 594918104 1,658 30,016 SH   SOLE   1,658 0 0
NETWORK-1 SECURITY SOLUTIONS COMM 64121N109 1,203 629,713 SH   SOLE   1,203 0 0
NEWS CORP/NEW-CL A COMM 65249B109 2,461 192,765 SH   SOLE   2,461 0 0
NEXSTAR BROADCASTING GROUP-A COMM 65336K103 1,580 35,688 SH   SOLE   1,580 0 0
NISKA GAS STORAGE PARTNERS-U UNIT 654678101 647 180,251 SH   SOLE   647 0 0
NTELOS HOLDINGS CORP COMM 67020Q305 1,967 213,812 SH   SOLE   1,967 0 0
PARAMOUNT GOLD NEVADA CORP COMM 69924M109 22 15,000 SH   SOLE   22 0 0
PHOENIX COMPANIES INC COMM 71902E604 4,655 126,361 SH   SOLE   4,655 0 0
PIEDMONT NATURAL GAS CO COMM 720186105 299 5,000 SH   SOLE   299 0 0
RENTECH NITROGEN PARTNERS LP UNIT 760113100 912 79,909 SH   SOLE   912 0 0
ROLLINS INC COMM 775711104 203 7,500 SH   SOLE   203 0 0
ROSS STORES INC COMM 778296103 973 16,800 SH   SOLE   973 0 0
SANDISK CORP COMM 80004C101 6,695 88,000 SH   SOLE   6,695 0 0
SCOTTS MIRACLE-GRO CO-CL A COMM 810186106 669 9,200 SH   SOLE   669 0 0
SCRIPPS E W CO OHIO CL A NEW COMM 811054402 232 14,850 SH   SOLE   232 0 0
SCRIPPS NETWORKS INTER-CL A COMM 811065101 861 13,142 SH   SOLE   861 0 0
SHENANDOAH TELECOMMUN CO COMM 82312B106 502 18,774 SH   SOLE   502 0 0
STARZ - LIBERTY CAPITAL COMM 85571Q201 209 7,412 SH   SOLE   209 0 0
STARZ LLC SER A COMM 85571Q102 283 10,753 SH   SOLE   283 0 0
TEGNA INC COMM 87901J105 2,710 115,524 SH   SOLE   2,710 0 0
TIME WARNER CABLE-A COMM 88732J207 10,640 52,000 SH   SOLE   10,640 0 0
TIME WARNER INC COMM 887317303 5,308 73,168 SH   SOLE   5,308 0 0
T-MOBILE US INC COMM 872590104 306 7,988 SH   SOLE   306 0 0
TOOTSIE ROLL INDS COMM 890516107 1,055 30,191 SH   SOLE   1,055 0 0
TRIBUNE MEDIA COMPANY COMM 896047503 1,281 33,400 SH   SOLE   1,281 0 0
TRIBUNE PUBLISHING CO COMM 896082104 179 23,150 SH   SOLE   179 0 0
TWENTY-FIRST CENTURY-CL A COMM 90130A101 446 16,000 SH   SOLE   446 0 0
VIACOM INC-CLASS A COMM 92553P102 5,636 124,411 SH   SOLE   5,636 0 0
VIACOM INC-CLASS B COMM 92553P201 6,015 145,704 SH   SOLE   6,015 0 0
WADDELL & REED FINANCIAL-A COMM 930059100 457 19,400 SH   SOLE   457 0 0
WMI HLDGS CORP COMM 92936P100 284 121,499 SH   SOLE   284 0 0
YOUKU.COM INC-SPON ADR ADRS 98742U100 4,060 147,700 SH   SOLE   4,060 0 0