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
ABLYNX NV - SPONSORED ADR ADRS 00372Y105 1,637 30,000 SH   SOLE   1,637 0 0
AETNA INC COMM 00817Y108 1,014 6,000 SH   SOLE   1,014 0 0
AH BELO CORP-A COMM 001282102 371 71,995 SH   SOLE   371 0 0
AKORN INC COMM 009728106 1,478 78,978 SH   SOLE   1,478 0 0
AMC NETWORKS INC COMM 00164V103 6,555 126,788 SH   SOLE   6,555 0 0
APPLE COMPUTER INC COMM 037833100 1,451 8,650 SH   SOLE   1,451 0 0
ASSOCIATED CAPITAL GROUP COMM 045528106 2,029 54,183 SH   SOLE   2,029 0 0
AUTOZONE INC COMM 053332102 5,773 8,900 SH   SOLE   5,773 0 0
AVISTA CORP COMM 05379B107 256 5,000 SH   SOLE   256 0 0
BARNES & NOBLE INC COMM 067774109 623 125,800 SH   SOLE   623 0 0
BERKSHIRE HATHAWAY INC CL A COMM 084670108 598 2 SH   SOLE   598 0 0
CABLE ONE INC COMM 12685J105 991 1,442 SH   SOLE   991 0 0
CAMBIUM LEARNING GROUP INC COMM 13201A107 132 11,800 SH   SOLE   132 0 0
CAPELLA EDUCATION CO COMM 139594105 874 10,000 SH   SOLE   874 0 0
CARS.COM INC COMM 14575E105 2,353 83,056 SH   SOLE   2,353 0 0
CAVIUM INC COMM 14964U108 2,381 30,000 SH   SOLE   2,381 0 0
CENTURYLINK INC COMM 156700106 1,813 110,350 SH   SOLE   1,813 0 0
CINCINNATI BELL INC COMM 171871502 996 71,899 SH   SOLE   996 0 0
COASTWAY BANCORP INC COMM 190632109 1,908 70,000 SH   SOLE   1,908 0 0
COMMERCEHUB INC-SERIES A COMM 20084V108 1,822 80,968 SH   SOLE   1,822 0 0
CYRUSONE INC REIT 23283R100 494 9,650 SH   SOLE   494 0 0
DISCOVERY COMMUNICATIONS-A COMM 25470F104 1,019 47,529 SH   SOLE   1,019 0 0
DISCOVERY INC COMM 25470F302 29 1,500 SH   SOLE   29 0 0
DISCOVERY INC COMM 25470F302 1,806 92,540 SH   SOLE   1,806 0 0
DR PEPPER SNAPPLE GROUP INC COMM 26138E109 959 8,097 SH   SOLE   959 0 0
DST SYSTEMS INC COMM 233326107 502 6,000 SH   SOLE   502 0 0
EQUINIX INC COMM 29444U700 3,673 8,783 SH   SOLE   3,673 0 0
FORTUNE BRANDS HOME & SECURI COMM 34964C106 645 10,947 SH   SOLE   645 0 0
GAMCO INVESTORS INC-A COMM 361438104 1,650 66,444 SH   SOLE   1,650 0 0
GANNETT CO INC COMM 36473H104 376 37,658 SH   SOLE   376 0 0
GENUINE PARTS CO COMM 372460105 1,500 16,700 SH   SOLE   1,500 0 0
GOGO INC COMM 38046C109 1,891 219,130 SH   SOLE   1,891 0 0
GRAY TELEVISION INC COMM 389375106 471 37,094 SH   SOLE   471 0 0
HAIN CELESTIAL GROUP INC COMM 405217100 647 20,176 SH   SOLE   647 0 0
HAWAIIAN TELCOM HOLDCO INC COMM 420031106 2,265 84,880 SH   SOLE   2,265 0 0
HI-CRUSH PARTNERS LP UNIT 428337109 214 20,192 SH   SOLE   214 0 0
INFINITY PROPERTY & CASUALTY COMM 45665Q103 1,194 10,086 SH   SOLE   1,194 0 0
INTERXION HOLDING NV COMM N47279109 1,705 27,451 SH   SOLE   1,705 0 0
ISHARES RUSSELL 2000 COMM 464287655 37,958 250,000 SH   SOLE   37,958 0 0
KAR AUCTION SERVICES INC COMM 48238T109 478 8,821 SH   SOLE   478 0 0
LEAR CORP COMM 521865204 558 3,000 SH   SOLE   558 0 0
LGL GROUP INC COMM 50186A108 21 3,674 SH   SOLE   21 0 0
LGL GROUP INC WRNT 50186A108 147 26,300 SH   SOLE   147 0 0
LIBERTY SIRIUSXM GROUP COMM 531229409 703 17,102 SH   SOLE   703 0 0
LIONS GATE ENTERTAINMENT-B COMM 535919500 444 18,431 SH   SOLE   444 0 0
MADISON SQUARE GARD-A/NEW COMM 553573106 3,911 173,032 SH   SOLE   3,911 0 0
MADISON SQUARE GARDEN COMPANY (THE) CL A COMM 55825T103 1,955 7,953 SH   SOLE   1,955 0 0
MAGICJACK VOCALTEC LTD COMM M6787E101 947 112,781 SH   SOLE   947 0 0
MERCURY GENERAL CORP COMM 589400100 330 7,200 SH   SOLE   330 0 0
MICROSOFT CORP COMM 594918104 1,799 19,716 SH   SOLE   1,799 0 0
MONSANTO CO COMM 61166W101 5,029 43,100 SH   SOLE   5,029 0 0
NETWORK-1 SECURITY SOLUTIONS COMM 64121N109 1,502 566,908 SH   SOLE   1,502 0 0
NEW YORK REIT INC REIT 64976L208 721 33,529 SH   SOLE   721 0 0
NEWELL BRANDS INC COMM 651229106 2,548 100,000 SH   SOLE   2,548 0 0
NEWS CORP/NEW-CL A COMM 65249B109 2,117 133,965 SH   SOLE   2,117 0 0
NEXSTAR BROADCASTING GROUP-A COMM 65336K103 3,499 52,613 SH   SOLE   3,499 0 0
NXP SEMICONDUCTORS NV COMM N6596X109 2,363 20,200 SH   SOLE   2,363 0 0
ORBOTECH LTD COMM M75253100 1,244 20,000 SH   SOLE   1,244 0 0
PARAMOUNT GOLD NEVADA CORP COMM 69924M109 21 15,000 SH   SOLE   21 0 0
PATTERSON COS INC COMM 703395103 889 40,000 SH   SOLE   889 0 0
PHIBRO ANIMAL HEALTH CORP-A COMM 71742Q106 1,183 29,790 SH   SOLE   1,183 0 0
PLY GEM HOLDINGS INC COMM 72941W100 3,888 180,000 SH   SOLE   3,888 0 0
ROLLINS INC COMM 775711104 383 7,500 SH   SOLE   383 0 0
ROSS STORES INC COMM 778296103 1,489 19,100 SH   SOLE   1,489 0 0
SCOTTS MIRACLE-GRO CO-CL A COMM 810186106 746 8,700 SH   SOLE   746 0 0
SCRIPPS E W CO OHIO CL A NEW COMM 811054402 933 77,835 SH   SOLE   933 0 0
SHENANDOAH TELECOMMUN CO COMM 82312B106 575 15,974 SH   SOLE   575 0 0
SIGMA DESIGNS INC COMM 826565103 124 20,000 SH   SOLE   124 0 0
SIRIUS XM RADIO INC COMM 82968B103 312 50,000 SH   SOLE   312 0 0
TEGNA INC COMM 87901J105 2,712 238,105 SH   SOLE   2,712 0 0
TERRA NITROGEN COMPANY LP LTDP 881005201 1,850 22,039 SH   SOLE   1,850 0 0
TIME WARNER INC COMM 887317303 5,171 54,668 SH   SOLE   5,171 0 0
T-MOBILE US INC COMM 872590104 457 7,488 SH   SOLE   457 0 0
TOOTSIE ROLL INDS COMM 890516107 913 30,998 SH   SOLE   913 0 0
TRIBUNE MEDIA COMPANY COMM 896047503 9,925 245,000 SH   SOLE   9,925 0 0
TWENTY-FIRST CENTURY-CL A COMM 90130A101 961 26,200 SH   SOLE   961 0 0
VALIDUS HOLDINGS LTD COMM G9319H102 5,868 87,000 SH   SOLE   5,868 0 0
VIACOM INC-CLASS A COMM 92553P102 2,773 70,025 SH   SOLE   2,773 0 0
VIACOM INC-CLASS B COMM 92553P201 4,494 144,681 SH   SOLE   4,494 0 0
VIACOM INC-CLASS B COMM 92553P201 9,318 300,000 SH   SOLE   9,318 0 0
WGL HOLDINGS INC COMM 92924F106 4,183 50,000 SH   SOLE   4,183 0 0
WMI HLDGS CORP COMM 92936P100 244 171,499 SH   SOLE   244 0 0