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 8,675 380,665 SH   SOLE   380,665 0 0
AMERICAN APPAREL INC COM 023850100 1,586 1,540,000 SH   SOLE   1,540,000 0 0
EXTERRAN HLDGS INC COM 30225X103 7,941 243,730 SH   SOLE   243,730 0 0
FBR & CO COM NEW 30247C400 4,548 184,937 SH   SOLE   184,937 0 0
MEDIA GEN INC COM 58441K100 446,661 26,698,209 SH   SOLE   26,698,209 0 0
PHOENIX COS INC NEW COM NEW 71902E604 14,736 213,964 SH   SOLE   213,964 0 0
RADIOSHACK CORP COM 750438103 2,638 7,130,928 SH   SOLE   7,130,928 0 0
RADIOSHACK CORP COM 750438103 1,110 3,000,000 SH Call SOLE   3,000,000 0 0