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
ADVANCED EMISSIONS SOLUTS IN COM 00770C101 12,307 578,630 SH   SOLE   364,400 0 0
AMERICAN APPAREL INC COM 023850100 1,263 1,540,000 SH   SOLE   1,540,000 0 0
CARROLS RESTAURANT GROUP INC COM 14574X104 6,503 914,595 SH   SOLE   255,694 0 0
FBR & CO COM NEW 30247C400 5,089 184,937 SH   SOLE   180,060 0 0
MEDIA GEN INC COM 584404107 350,014 26,698,209 SH   SOLE   26,698,209 0 0
PHOENIX COS INC NEW COM NEW 71902E604 11,995 213,964 SH   SOLE   213,964 0 0
RADIOSHACK CORP COM 750438103 7,060 7,130,928 SH   SOLE   7,130,928 0 0
RADIOSHACK CORP COM 750438103 2,970 3,000,000 SH Call SOLE   3,000,000 0 0