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
B RILEY FINL INC COM 05580M108 9,275 500,000 SH   SOLE   500,000 0 0
EMMIS COMMUNICATIONS CORP COM NEW CL A 291525400 1,479 515,231 SH   SOLE   515,231 0 0
TIME INC NEW COM 887228104 45,653 3,181,424 SH   SOLE   3,181,424 0 0
TURNING PT BRANDS INC COM 90041L105 1,616 105,319 SH   SOLE   105,319 0 0