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

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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
BARNES & NOBLE INC COM 067774109 97,717 4,114,389 SH   SOLE   4,114,389 0 0
CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 33,946 3,354,390 SH   SOLE   3,354,390 0 0
CST BRANDS INC COM 12646R105 34,831 794,686 SH   SOLE   794,686 0 0
DIRECTV COM 25490A309 119,140 1,400,000 SH   SOLE   1,400,000 0 0
GLOBAL EAGLE ENTMT INC COM 37951D102 66,550 5,000,000 SH   SOLE   5,000,000 0 0
INTERXION HOLDING N.V SHS N47279109 66,208 2,347,788 SH   SOLE   2,347,788 0 0
MICROSOFT CORP COM 594918104 202,462 4,980,000 SH   SOLE   4,980,000 0 0
MONEYGRAM INTL INC COM NEW 60935Y208 37,805 4,375,590 SH   SOLE   4,375,590 0 0
OPUS BK IRVINE CALIF COM 684000102 70,106 2,270,265 SH   SOLE   2,270,265 0 0
VIMPELCOM LTD SPONSORED ADR 92719A106 15,510 2,959,958 SH   SOLE   2,959,958 0 0
WELLS FARGO & CO NEW COM 949746101 150,688 2,770,000 SH   SOLE   2,770,000 0 0
WESTERN UN CO COM 959802109 449,677 21,608,707 SH   SOLE   21,608,707 0 0