The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 |
| BRT REALTY TRUST (SBI)$3.00PAR CMN | COM | 055645303 | 1,190,000 | 166,842 | SH | SOLE | 0 | 0 | 0 | 0 | |
| BARNES & NOBLE, INC CMN | COM | 067774109 | 41,800,000 | 2,000,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| BIOTA PHARMACEUTICALS INC CMN | COM | 090694100 | 855,000 | 140,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| CORNING INCORPORATED CMN | COM | 219350105 | 4,372,000 | 210,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| DOLBY LABORATORIES, INC. CMN CLASS A | COM | 25659T107 | 445,000 | 10,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| EXCO RESOURCES INC CMN | COM | 269279402 | 2,758,000 | 492,483 | SH | SOLE | 0 | 0 | 0 | 0 | |
| EMMIS COMMUNICATIONS CORP CL-A CLASS A | COM | 291525103 | 3,008,000 | 940,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| EMMIS COMMUNICATIONS CORP 6.25% SERIES A CVT PREFERRED PFD | CNV | 291525202 | 285,000 | 18,982 | SH | SOLE | 0 | 0 | 0 | 0 | |
| GRIFFIN LAND & NURSERIES CMN | COM | 398231100 | 3,024,000 | 100,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| INTERNET PATENTS CORP CMN | COM | 46063G101 | 347,000 | 105,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| JOHNSON OUTDOORS INC CMN CLASS A | COM | 479167108 | 3,653,000 | 143,694 | SH | SOLE | 0 | 0 | 0 | 0 | |
| MARTHA STEWART LIVING OMNIMEDIA INC CL-A CLASS A | COM | 573083102 | 320,000 | 70,691 | SH | SOLE | 0 | 0 | 0 | 0 | |
| OCCIDENTAL PETROLEUM CORP CMN | COM | 674599105 | 2,382,000 | 25,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| REALNETWORKS INC CMN | COM | 75605L708 | 1,706,000 | 225,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| SAGA COMMUNICATION, INC. CMN CLASS A | COM | 786598300 | 62,005,000 | 1,247,838 | SH | SOLE | 0 | 0 | 0 | 0 | |
| RTS/SANOFI-AVENTIS EXP12/31/2020 | RTS | 80105N113 | 140,000 | 450,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| TECUMSEH PRODUCTS CO CLASS B | COM | 878895101 | 124,000 | 18,200 | SH | SOLE | 0 | 0 | 0 | 0 | |
| TEJON RANCH CO CMN | COM | 879080109 | 87,958,000 | 2,600,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| WTS/TEJON RANCH CO. 40.0000 EXP08/31/2016 | WTS | 879080133 | 1,402,000 | 384,046 | SH | SOLE | 0 | 0 | 0 | 0 | |
| ORIENT-EXPRESS HOTELS LTD CMN CLASS A | COM | G67743107 | 1,873,000 | 130,000 | SH | SOLE | 0 | 0 | 0 | 0 | |