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
AETNA INC COMM 00817Y108 1,101 6,000 SH   SOLE   1,101 0 0
AH BELO CORP-A COMM 001282102 338 71,995 SH   SOLE   338 0 0
AMC NETWORKS INC COMM 00164V103 5,740 92,288 SH   SOLE   5,740 0 0
ANDEAVOR COMM 03349M105 1,049 8,000 SH   SOLE   1,049 0 0
APPLE COMPUTER INC COMM 037833100 1,361 7,350 SH   SOLE   1,361 0 0
ASSOCIATED CAPITAL GROUP COMM 045528106 1,961 51,683 SH   SOLE   1,961 0 0
AUTOZONE INC COMM 053332102 4,495 6,700 SH   SOLE   4,495 0 0
AVISTA CORP COMM 05379B107 421 8,000 SH   SOLE   421 0 0
BARNES & NOBLE INC COMM 067774109 494 77,800 SH   SOLE   494 0 0
BERKSHIRE HATHAWAY INC CL A COMM 084670108 564 2 SH   SOLE   564 0 0
CABLE ONE INC COMM 12685J105 1,057 1,442 SH   SOLE   1,057 0 0
CAMBIUM LEARNING GROUP INC COMM 13201A107 132 11,800 SH   SOLE   132 0 0
CAPELLA EDUCATION CO COMM 139594105 987 10,000 SH   SOLE   987 0 0
CARS.COM INC COMM 14575E105 2,202 77,556 SH   SOLE   2,202 0 0
CAVIUM INC COMM 14964U108 3,670 42,433 SH   SOLE   3,670 0 0
CENTRAL EUROPEAN MEDIA ENT-A COMM G20045202 59 14,238 SH   SOLE   59 0 0
CENTURYLINK INC COMM 156700106 1,749 93,850 SH   SOLE   1,749 0 0
CINCINNATI BELL INC COMM 171871502 952 60,611 SH   SOLE   952 0 0
COASTWAY BANCORP INC COMM 190632109 1,939 70,000 SH   SOLE   1,939 0 0
CONSOLIDATED COMMUNICATIONS COMM 209034107 135 10,882 SH   SOLE   135 0 0
COTIVITI HOLDINGS INC COMM 22164K101 883 20,000 SH   SOLE   883 0 0
CVR REFINING LP LTDP 12663P107 671 30,000 SH   SOLE   671 0 0
CYRUSONE INC REIT 23283R100 505 8,650 SH   SOLE   505 0 0
DISCOVERY COMMUNICATIONS-A COMM 25470F104 1,307 47,529 SH   SOLE   1,307 0 0
DISCOVERY INC COMM 25470F302 3,036 119,040 SH   SOLE   3,036 0 0
DR PEPPER SNAPPLE GROUP INC COMM 26138E109 951 7,797 SH   SOLE   951 0 0
ENVISION HEALTHCARE COMM 29414D100 2,201 50,000 SH   SOLE   2,201 0 0
EQUINIX INC COMM 29444U700 3,647 8,483 SH   SOLE   3,647 0 0
FIRST CONNECTICUT BANCORP COMM 319850103 612 20,000 SH   SOLE   612 0 0
FORTUNE BRANDS HOME & SECURI COMM 34964C106 588 10,947 SH   SOLE   588 0 0
GAMCO INVESTORS INC-A COMM 361438104 1,778 66,444 SH   SOLE   1,778 0 0
GANNETT CO INC COMM 36473H104 210 19,658 SH   SOLE   210 0 0
GENERAL ELECTRIC CO COMM 369604103 681 50,000 SH   SOLE   681 0 0
GENERAL ELECTRIC CO COMM 369604103 5,444 400,000 SH   SOLE   5,444 0 0
GENUINE PARTS CO COMM 372460105 1,533 16,700 SH   SOLE   1,533 0 0
GOGO INC COMM 38046C109 688 141,530 SH   SOLE   688 0 0
GRAY TELEVISION INC COMM 389375106 586 37,094 SH   SOLE   586 0 0
HAWAIIAN TELCOM HOLDCO INC COMM 420031106 2,592 89,631 SH   SOLE   2,592 0 0
HI-CRUSH PARTNERS LP UNIT 428337109 238 20,192 SH   SOLE   238 0 0
IKANG HEALTHCARE GROUP-ADR ADRS 45174L108 1,637 80,000 SH   SOLE   1,637 0 0
ILG INC COMM 44967H101 1,321 40,000 SH   SOLE   1,321 0 0
INFINITY PROPERTY & CASUALTY COMM 45665Q103 3,144 22,086 SH   SOLE   3,144 0 0
INTERXION HOLDING NV COMM N47279109 939 15,051 SH   SOLE   939 0 0
ISHARES RUSSELL 2000 COMM 464287655 16,377 100,000 SH   SOLE   16,377 0 0
KAPSTONE PAPER AND PACKAGING COMM 48562P103 1,111 32,200 SH   SOLE   1,111 0 0
KAR AUCTION SERVICES INC COMM 48238T109 483 8,821 SH   SOLE   483 0 0
LEAR CORP COMM 521865204 576 3,100 SH   SOLE   576 0 0
LGL GROUP INC COMM 50186A108 19 3,674 SH   SOLE   19 0 0
LGL GROUP INC WRNT 50186A108 136 26,300 SH   SOLE   136 0 0
LIBERTY SIRIUSXM GROUP COMM 531229409 770 17,102 SH   SOLE   770 0 0
MADISON SQUARE GARD-A/NEW COMM 553573106 3,893 162,532 SH   SOLE   3,893 0 0
MADISON SQUARE GARDEN COMPANY (THE) CL A COMM 55825T103 2,281 7,353 SH   SOLE   2,281 0 0
MAGICJACK VOCALTEC LTD COMM M6787E101 1,129 132,781 SH   SOLE   1,129 0 0
MERCURY GENERAL CORP COMM 589400100 328 7,200 SH   SOLE   328 0 0
MICROSOFT CORP COMM 594918104 1,944 19,716 SH   SOLE   1,944 0 0
MITEL NETWORKS CORP COMM 60671Q104 1,152 105,000 SH   SOLE   1,152 0 0
MOLSON COORS BREWING CO -B COMM 60871R209 680 10,000 SH   SOLE   680 0 0
NETWORK-1 SECURITY SOLUTIONS COMM 64121N109 1,745 562,908 SH   SOLE   1,745 0 0
NEW YORK REIT INC REIT 64976L208 612 33,529 SH   SOLE   612 0 0
NEWELL BRANDS INC COMM 651229106 1,831 71,000 SH   SOLE   1,831 0 0
NEWS CORP/NEW-CL A COMM 65249B109 1,382 89,165 SH   SOLE   1,382 0 0
NEXSTAR BROADCASTING GROUP-A COMM 65336K103 3,531 48,113 SH   SOLE   3,531 0 0
NXP SEMICONDUCTORS NV COMM N6596X109 5,759 52,700 SH   SOLE   5,759 0 0
ORBOTECH LTD COMM M75253100 1,792 29,000 SH   SOLE   1,792 0 0
PARAMOUNT GOLD NEVADA CORP COMM 69924M109 19 15,000 SH   SOLE   19 0 0
PATTERSON COS INC COMM 703395103 907 40,000 SH   SOLE   907 0 0
PENSKE AUTO GROUP INC COMM 70959W103 469 10,000 SH   SOLE   469 0 0
PERRY ELLIS INTERNATIONAL COMM 288853104 641 23,582 SH   SOLE   641 0 0
PHIBRO ANIMAL HEALTH CORP-A COMM 71742Q106 1,195 25,946 SH   SOLE   1,195 0 0
ROCKWELL COLLINS INC. COMM 774341101 3,098 23,000 SH   SOLE   3,098 0 0
ROLLINS INC COMM 775711104 394 7,500 SH   SOLE   394 0 0
ROSS STORES INC COMM 778296103 1,619 19,100 SH   SOLE   1,619 0 0
RSP PERMIAN INC COMM 74978Q105 2,201 50,000 SH   SOLE   2,201 0 0
SCOTTS MIRACLE-GRO CO-CL A COMM 810186106 640 7,700 SH   SOLE   640 0 0
SCRIPPS E W CO OHIO CL A NEW COMM 811054402 466 34,835 SH   SOLE   466 0 0
SHENANDOAH TELECOMMUN CO COMM 82312B106 490 14,974 SH   SOLE   490 0 0
SHIRE PLC-ADR ADRS 82481R106 675 4,000 SH   SOLE   675 0 0
SIGMA DESIGNS INC COMM 826565103 122 20,000 SH   SOLE   122 0 0
SIRIUS XM RADIO INC COMM 82968B103 339 50,000 SH   SOLE   339 0 0
STEWART INFORMATION SERVICES COMM 860372101 258 6,000 SH   SOLE   258 0 0
TEGNA INC COMM 87901J105 2,236 206,105 SH   SOLE   2,236 0 0
T-MOBILE US INC COMM 872590104 447 7,488 SH   SOLE   447 0 0
TOOTSIE ROLL INDS COMM 890516107 1,040 33,698 SH   SOLE   1,040 0 0
TRIBUNE MEDIA COMPANY COMM 896047503 9,055 236,600 SH   SOLE   9,055 0 0
TWENTY-FIRST CENTURY-CL A COMM 90130A101 924 18,600 SH   SOLE   924 0 0
VALIDUS HOLDINGS LTD COMM G9319H102 5,881 87,000 SH   SOLE   5,881 0 0
VECTREN CORPORATION COMM 92240G101 2,422 33,900 SH   SOLE   2,422 0 0
VERIFONE HOLDINGS INC COMM 92342Y109 2,624 115,000 SH   SOLE   2,624 0 0
VIACOM INC-CLASS A COMM 92553P102 2,465 69,525 SH   SOLE   2,465 0 0
VIACOM INC-CLASS B COMM 92553P201 3,640 120,681 SH   SOLE   3,640 0 0
VIACOM INC-CLASS B COMM 92553P201 75 2,500 SH   SOLE   75 0 0
WGL HOLDINGS INC COMM 92924F106 4,500 50,706 SH   SOLE   4,500 0 0
WMI HLDGS CORP COMM 92936P100 230 171,499 SH   SOLE   230 0 0
WR GRACE & CO COMM 38388F108 440 6,000 SH   SOLE   440 0 0