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
AH BELO CORP-A COMM 001282102 434 70,495 SH   SOLE   434 0 0
ALLIED WORLD ASSURANCE HOLD COMM H01531104 7,434 140,000 SH   SOLE   7,434 0 0
AMC NETWORKS INC COMM 00164V103 4,160 70,888 SH   SOLE   4,160 0 0
APPLE COMPUTER INC COMM 037833100 1,688 11,750 SH   SOLE   1,688 0 0
ASSOCIATED CAPITAL GROUP COMM 045528106 1,995 55,183 SH   SOLE   1,995 0 0
B/E AEROSPACE INC COMM 073302101 2,564 40,000 SH   SOLE   2,564 0 0
BERKSHIRE HATHAWAY INC CL A COMM 084670108 500 2 SH   SOLE   500 0 0
BROCADE COMMUNICATIONS SYS COMM 111621306 2,246 180,000 SH   SOLE   2,246 0 0
CABLE ONE INC COMM 12685J105 1,249 2,000 SH   SOLE   1,249 0 0
CAMBIUM LEARNING GROUP INC COMM 13201A107 64 13,100 SH   SOLE   64 0 0
CENTURYLINK INC COMM 156700106 2,699 114,500 SH   SOLE   2,699 0 0
CINCINNATI BELL INC COMM 171871502 1,768 99,899 SH   SOLE   1,768 0 0
CONSOLIDATED COMMUNICATIONS COMM 209034107 278 11,882 SH   SOLE   278 0 0
CORPORATE EXECUTIVE BOARD CO COMM 125134106 806 10,256 SH   SOLE   806 0 0
CST BRANDS INC COMM 12646R105 3,568 74,201 SH   SOLE   3,568 0 0
CYRUSONE INC REIT 23283R100 636 12,350 SH   SOLE   636 0 0
DESTINATION MATERNITY CORPORATION COMM 25065D100 695 163,142 SH   SOLE   695 0 0
DISCOVERY COMMUNICATIONS-A COMM 25470F104 1,106 38,029 SH   SOLE   1,106 0 0
DISCOVERY COMMUNICATIONS-C COMM 25470F302 601 21,214 SH   SOLE   601 0 0
DR PEPPER SNAPPLE GROUP INC COMM 26138E109 920 9,397 SH   SOLE   920 0 0
ENERGY TRANSFER PARTNERS LP LTDP 29273R109 2,374 65,000 SH   SOLE   2,374 0 0
EQUINIX INC COMM 29444U700 3,516 8,783 SH   SOLE   3,516 0 0
FORTRESS INVESTMENT GRP-CL A LTDP 34958B106 1,193 150,000 SH   SOLE   1,193 0 0
FORTUNE BRANDS HOME & SECURI COMM 34964C106 788 12,947 SH   SOLE   788 0 0
FRONTIER COMMUNICATIONS CORP SER B COMM 35906A108 2,534 1,184,192 SH   SOLE   2,534 0 0
GAMCO INVESTORS INC-A COMM 361438104 1,522 51,444 SH   SOLE   1,522 0 0
GANNETT CO INC COMM 36473H104 394 47,058 SH   SOLE   394 0 0
GAS NATURAL INC COMM 367204104 1,453 114,392 SH   SOLE   1,453 0 0
GENUINE PARTS CO COMM 372460105 1,543 16,700 SH   SOLE   1,543 0 0
GOGO INC COMM 38046C109 2,310 210,010 SH   SOLE   2,310 0 0
HEADWATERS INC COMM 42210P102 3,522 150,000 SH   SOLE   3,522 0 0
INTERNAP CORPORATION COMM 45885A300 531 142,612 SH   SOLE   531 0 0
INTERXION HOLDING NV COMM N47279109 1,466 37,051 SH   SOLE   1,466 0 0
INVENSENSE INC COMM 46123D205 3,600 285,000 SH   SOLE   3,600 0 0
ISHARES RUSSELL 2000 COMM 464287655 34,370 250,000 SH   SOLE   34,370 0 0
IXIA COMM 45071R109 393 20,000 SH   SOLE   393 0 0
KAR AUCTION SERVICES INC COMM 48238T109 394 9,021 SH   SOLE   394 0 0
LATTICE SEMICONDUCTOR CORP COMM 518415104 1,246 180,000 SH   SOLE   1,246 0 0
LEVEL 3 COMMUNICATIONS INC COMM 52729N308 2,312 40,411 SH   SOLE   2,312 0 0
LGL GROUP INC COMM 50186A108 11 2,100 SH   SOLE   11 0 0
LGL GROUP INC WRNT 50186A108 134 26,300 SH   SOLE   134 0 0
LIFETIME BRANDS INC COMM 53222Q103 353 17,551 SH   SOLE   353 0 0
LIONS GATE ENTERTAINMENT-B COMM 535919500 788 32,331 SH   SOLE   788 0 0
LMI AEROSPACE INC COMM 502079106 1,209 87,725 SH   SOLE   1,209 0 0
LUMOS NETWORKS CORP COMM 550283105 382 21,577 SH   SOLE   382 0 0
MADISON SQUARE GARD-A/NEW COMM 553573106 3,392 145,282 SH   SOLE   3,392 0 0
MADISON SQUARE GARDEN COMPANY (THE) CL A COMM 55825T103 2,088 10,453 SH   SOLE   2,088 0 0
MEAD JOHNSON NUTRITION CO-A COMM 582839106 7,795 87,500 SH   SOLE   7,795 0 0
MERCURY GENERAL CORP COMM 589400100 500 8,200 SH   SOLE   500 0 0
METALDYNE PERFORMANCE GROUP COMM 59116R107 1,371 60,000 SH   SOLE   1,371 0 0
MICROSOFT CORP COMM 594918104 1,779 27,016 SH   SOLE   1,779 0 0
MOBILEYE NV COMM N51488117 1,535 25,000 SH   SOLE   1,535 0 0
MONEYGRAM INTERNATIONAL INC COMM 60935Y208 1,242 73,886 SH   SOLE   1,242 0 0
MULTI PACKAGING SOLUTIONS IN COMM G6331W109 203 11,300 SH   SOLE   203 0 0
NETWORK-1 SECURITY SOLUTIONS COMM 64121N109 2,750 566,908 SH   SOLE   2,750 0 0
NEUSTAR INC-CLASS A COMM 64126X201 663 20,000 SH   SOLE   663 0 0
NEW YORK REIT INC REIT 64976L109 5,347 551,800 SH   SOLE   5,347 0 0
NEWS CORP/NEW-CL A COMM 65249B109 2,190 168,465 SH   SOLE   2,190 0 0
NEXSTAR BROADCASTING GROUP-A COMM 65336K103 4,147 59,113 SH   SOLE   4,147 0 0
NXP SEMICONDUCTORS NV COMM N6596X109 1,159 11,200 SH   SOLE   1,159 0 0
ONEOK PARTNERS LP LTDP 68268N103 3,239 60,000 SH   SOLE   3,239 0 0
PARAMOUNT GOLD NEVADA CORP COMM 69924M109 25 15,000 SH   SOLE   25 0 0
PHIBRO ANIMAL HEALTH CORP-A COMM 71742Q106 992 35,290 SH   SOLE   992 0 0
REYNOLDS AMERICAN INC COMM 761713106 1,891 30,000 SH   SOLE   1,891 0 0
RITE AID CORP COMM 767754104 284 66,900 SH   SOLE   284 0 0
ROLLINS INC COMM 775711104 278 7,500 SH   SOLE   278 0 0
ROSS STORES INC COMM 778296103 1,107 16,800 SH   SOLE   1,107 0 0
SCOTTS MIRACLE-GRO CO-CL A COMM 810186106 812 8,700 SH   SOLE   812 0 0
SCRIPPS E W CO OHIO CL A NEW COMM 811054402 2,117 90,322 SH   SOLE   2,117 0 0
SCRIPPS NETWORKS INTER-CL A COMM 811065101 1,030 13,142 SH   SOLE   1,030 0 0
SHENANDOAH TELECOMMUN CO COMM 82312B106 527 18,774 SH   SOLE   527 0 0
SINCLAIR BROADCAST GROUP-A COMM 829226109 8,100 200,000 SH   SOLE   8,100 0 0
STILLWATER MINING CO COMM 86074Q102 3,993 231,200 SH   SOLE   3,993 0 0
SYNGENTA AG-ADR ADRS 87160A100 3,540 40,000 SH   SOLE   3,540 0 0
TEGNA INC COMM 87901J105 8,140 317,729 SH   SOLE   8,140 0 0
TIME WARNER INC COMM 887317303 7,296 74,668 SH   SOLE   7,296 0 0
T-MOBILE US INC COMM 872590104 516 7,988 SH   SOLE   516 0 0
TOOTSIE ROLL INDS COMM 890516107 1,161 31,096 SH   SOLE   1,161 0 0
TRIBUNE MEDIA COMPANY COMM 896047503 1,044 28,000 SH   SOLE   1,044 0 0
TWENTY-FIRST CENTURY-CL A COMM 90130A101 330 10,200 SH   SOLE   330 0 0
VALSPAR CORP COMM 920355104 3,328 30,000 SH   SOLE   3,328 0 0
VCA INC COMM 918194101 4,822 52,700 SH   SOLE   4,822 0 0
VIACOM INC-CLASS A COMM 92553P102 5,232 107,325 SH   SOLE   5,232 0 0
VIACOM INC-CLASS B COMM 92553P201 4,229 90,704 SH   SOLE   4,229 0 0
WEATHERFORD INTL PLC COMM G48833100 399 60,000 SH   SOLE   399 0 0
WEATHERFORD INTL PLC COMM G48833100 1,995 300,000 SH   SOLE   1,995 0 0
WESTERN REFINING INC COMM 959319104 1,052 30,000 SH   SOLE   1,052 0 0
WGL HOLDINGS INC COMM 92924F106 2,476 30,000 SH   SOLE   2,476 0 0
WHITEWAVE FOODS CO - A COMM 966244105 5,054 90,000 SH   SOLE   5,054 0 0
WMI HLDGS CORP COMM 92936P100 249 171,499 SH   SOLE   249 0 0
ZELTIQ AESTHETICS INC COMM 98933Q108 556 10,000 SH   SOLE   556 0 0