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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Madison Square Garden Co.</name>
        <lei>N/A</lei>
        <title>Madison Square Garden Co. Class A</title>
        <cusip>55825T103</cusip>
        <identifiers>
          <isin value="US55825T1034"/>
        </identifiers>
        <balance>30406.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8567802.68000000</valUSD>
        <pctVal>0.393267750817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Entercom Communications Corp.</name>
        <lei>N/A</lei>
        <title>Entercom Communications Corp. Class A</title>
        <cusip>293639100</cusip>
        <identifiers>
          <isin value="US2936391000"/>
        </identifiers>
        <balance>365511.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1728867.03000000</valUSD>
        <pctVal>0.079356128256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Liberty Media Corp-Liberty SiriusXM</name>
        <lei>N/A</lei>
        <title>Liberty Media Corp-Liberty SiriusXM Class C</title>
        <cusip>531229607</cusip>
        <identifiers>
          <isin value="US5312296073"/>
        </identifiers>
        <balance>261277.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12674547.27000000</valUSD>
        <pctVal>0.581770015448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anterix Inc.</name>
        <lei>549300QIX2QHFGIEQG40</lei>
        <title>Anterix Inc.</title>
        <cusip>03676C100</cusip>
        <identifiers>
          <isin value="US03676C1009"/>
        </identifiers>
        <balance>37354.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1586424.38000000</valUSD>
        <pctVal>0.072817917389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>World Wrestling Entertainment Inc.</name>
        <lei>549300WZVLSCS3L4L698</lei>
        <title>World Wrestling Entertainment Inc. Class A</title>
        <cusip>98156Q108</cusip>
        <identifiers>
          <isin value="US98156Q1085"/>
        </identifiers>
        <balance>108988.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6759435.76000000</valUSD>
        <pctVal>0.310262525575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Walt Disney Co.</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>Walt Disney Co.</title>
        <cusip>254687106</cusip>
        <identifiers>
          <isin value="US2546871060"/>
        </identifiers>
        <balance>657842.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>99715690.36000000</valUSD>
        <pctVal>4.577015453526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Liberty Latin America Ltd.</name>
        <lei>213800YWQHEAX7CAVO83</lei>
        <title>Liberty Latin America Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG9001E1286"/>
        </identifiers>
        <balance>342544.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6145239.36000000</valUSD>
        <pctVal>0.282070508811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Activision Blizzard Inc.</name>
        <lei>549300TPQQDBP9GNOF40</lei>
        <title>Activision Blizzard Inc.</title>
        <cusip>00507V109</cusip>
        <identifiers>
          <isin value="US00507V1098"/>
        </identifiers>
        <balance>663506.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36380033.98000000</valUSD>
        <pctVal>1.669867371174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Netflix Inc.</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>Netflix Inc.</title>
        <cusip>64110L106</cusip>
        <identifiers>
          <isin value="US64110L1061"/>
        </identifiers>
        <balance>334349.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>105206256.34000000</valUSD>
        <pctVal>4.829036025698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Roku Inc.</name>
        <lei>549300KR6ITU0YIR1T71</lei>
        <title>Roku Inc.</title>
        <cusip>77543R102</cusip>
        <identifiers>
          <isin value="US77543R1023"/>
        </identifiers>
        <balance>90405.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14498249.85000000</valUSD>
        <pctVal>0.665479157522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vanguard Cmt Funds-Vanguard Market Liquidity Fund</name>
        <lei>1I6HV0TLSTR3A4XQ6L78</lei>
        <title>Vanguard Market Liquidity Fund</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FAID" value="CMT001142"/>
        </identifiers>
        <balance>29398.76890000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2940464.87000000</valUSD>
        <pctVal>0.134969262128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fox Corp.</name>
        <lei>549300DDU6FDRBIELS05</lei>
        <title>Fox Corp. Class A</title>
        <cusip>35137L105</cusip>
        <identifiers>
          <isin value="US35137L1052"/>
        </identifiers>
        <balance>406555.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14538406.80000000</valUSD>
        <pctVal>0.667322387810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DISH Network Corp.</name>
        <lei>529900U350CWHH15G169</lei>
        <title>DISH Network Corp. Class A Rights Exp. 12/09/2019</title>
        <cusip>25470M117</cusip>
        <identifiers>
          <isin value="US25470M1172"/>
        </identifiers>
        <balance>18749.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12749.32000000</valUSD>
        <pctVal>0.000585202132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zayo Group Holdings Inc.</name>
        <lei>529900Z6OTS7RT0V0I47</lei>
        <title>Zayo Group Holdings Inc.</title>
        <cusip>98919V105</cusip>
        <identifiers>
          <isin value="US98919V1052"/>
        </identifiers>
        <balance>471801.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16154466.24000000</valUSD>
        <pctVal>0.741500573851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cable One Inc.</name>
        <lei>549300648QS85T0XSH18</lei>
        <title>Cable One Inc.</title>
        <cusip>12685J105</cusip>
        <identifiers>
          <isin value="US12685J1051"/>
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        <balance>8370.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12847950.00000000</valUSD>
        <pctVal>0.589729314251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORBCOMM Inc.</name>
        <lei>529900PSC8WVCY267I23</lei>
        <title>ORBCOMM Inc.</title>
        <cusip>68555P100</cusip>
        <identifiers>
          <isin value="US68555P1003"/>
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        <balance>219516.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>880259.16000000</valUSD>
        <pctVal>0.040404471592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AT&amp;T Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T Inc.</title>
        <cusip>00206R102</cusip>
        <identifiers>
          <isin value="US00206R1023"/>
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        <balance>4467089.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>166979786.82000000</valUSD>
        <pctVal>7.664481506796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Interpublic Group of Cos. Inc.</name>
        <lei>5493008IUOJ5VWTRC333</lei>
        <title>Interpublic Group of Cos. Inc.</title>
        <cusip>460690100</cusip>
        <identifiers>
          <isin value="US4606901001"/>
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        <balance>524833.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11756259.20000000</valUSD>
        <pctVal>0.539619991997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GCI Liberty Inc.</name>
        <lei>N/A</lei>
        <title>GCI Liberty Inc. Class A</title>
        <cusip>36164V305</cusip>
        <identifiers>
          <isin value="US36164V3050"/>
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        <balance>160800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11415192.00000000</valUSD>
        <pctVal>0.523964784281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Liberty Global plc</name>
        <lei>549300BSGXG3QLIQYT84</lei>
        <title>Liberty Global plc Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B8W67662"/>
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        <balance>301869.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6807145.95000000</valUSD>
        <pctVal>0.312452454524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Cellular Corp.</name>
        <lei>N/A</lei>
        <title>United States Cellular Corp.</title>
        <cusip>911684108</cusip>
        <identifiers>
          <isin value="US9116841084"/>
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        <balance>39368.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1334968.88000000</valUSD>
        <pctVal>0.061275945357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Emerald Expositions Events Inc.</name>
        <lei>N/A</lei>
        <title>Emerald Expositions Events Inc.</title>
        <cusip>29103B100</cusip>
        <identifiers>
          <isin value="US29103B1008"/>
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        <balance>74158.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>742321.58000000</valUSD>
        <pctVal>0.034073046386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EW Scripps Co.</name>
        <lei>549300U1OW41QPKYW028</lei>
        <title>EW Scripps Co. Class A</title>
        <cusip>811054402</cusip>
        <identifiers>
          <isin value="US8110544025"/>
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        <balance>140317.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2093529.64000000</valUSD>
        <pctVal>0.096094380734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name> Alphabet Inc.</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet Inc. Class C</title>
        <cusip>02079K107</cusip>
        <identifiers>
          <isin value="US02079K1079"/>
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        <balance>189453.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>247228586.88000000</valUSD>
        <pctVal>11.34795395406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Vanguard Cmt Funds-Vanguard Market Liquidity Fund</name>
        <lei>1I6HV0TLSTR3A4XQ6L78</lei>
        <title>Vanguard Market Liquidity Fund</title>
        <cusip>N/A</cusip>
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          <other otherDesc="FAID" value="SLCMT1142"/>
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        <balance>94304.26500000</balance>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="9432312.59" isCashCollateral="Y"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Vonage Holdings Corp.</name>
        <lei>529900W7N0N4WLN1JY21</lei>
        <title>Vonage Holdings Corp.</title>
        <cusip>92886T201</cusip>
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          <isin value="US92886T2015"/>
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        <balance>671174.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lions Gate Entertainment Corp.</name>
        <lei>5493000JSMHPHZURLM72</lei>
        <title>Lions Gate Entertainment Corp. Class B</title>
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          <isin value="CA5359195008"/>
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        <balance>291848.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Snap Inc.</name>
        <lei>549300JNC0L6VP8A2Q35</lei>
        <title>Snap Inc.</title>
        <cusip>83304A106</cusip>
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          <isin value="US83304A1060"/>
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        <balance>863716.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMC Entertainment Holdings Inc.</name>
        <lei>549300ZO77UNR6NRBR11</lei>
        <title>AMC Entertainment Holdings Inc. Class A</title>
        <cusip>00165C104</cusip>
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          <isin value="US00165C1045"/>
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        <balance>152727.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Scholastic Corp.</name>
        <lei>N/A</lei>
        <title>Scholastic Corp.</title>
        <cusip>807066105</cusip>
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          <isin value="US8070661058"/>
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        <balance>87066.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Consolidated Communications Holdings Inc.</name>
        <lei>529900F6S64KOO8CXH48</lei>
        <title>Consolidated Communications Holdings Inc.</title>
        <cusip>209034107</cusip>
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          <isin value="US2090341072"/>
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        <balance>209692.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>761181.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Liberty Media Corp-Liberty Formula One</name>
        <lei>N/A</lei>
        <title>Liberty Media Corp-Liberty Formula One Class A</title>
        <cusip>531229870</cusip>
        <identifiers>
          <isin value="US5312298707"/>
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        <balance>77941.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3356918.87000000</valUSD>
        <pctVal>0.154084773306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Omnicom Group Inc.</name>
        <lei>HKUPACFHSSASQK8HLS17</lei>
        <title>Omnicom Group Inc.</title>
        <cusip>681919106</cusip>
        <identifiers>
          <isin value="US6819191064"/>
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        <balance>233641.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18569786.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Marcus Corp.</name>
        <lei>549300NL0OKPNEMP6B79</lei>
        <title>Marcus Corp.</title>
        <cusip>566330106</cusip>
        <identifiers>
          <isin value="US5663301068"/>
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        <balance>60568.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1905469.28000000</valUSD>
        <pctVal>0.087462287121</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RECV 82968B103 REC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="SECURITY NUMBER" value="SIRI00002"/>
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        <balance>650000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>45485.90000000</valUSD>
        <pctVal>0.002087832581</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS INTERNATIONAL</counterpartyName>
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                <issuerName>Sirius XM Holdings Inc.</issuerName>
                <issueTitle>Sirius XM Holdings Inc.</issueTitle>
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            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="82968B103" floatingRtSpread="0" pmntAmt="0">
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            <upfrontRcpt>0</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
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            <unrealizedAppr>45485.9</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Altice USA Inc.</name>
        <lei>54930064K3612MGCER95</lei>
        <title>Altice USA Inc. Class A</title>
        <cusip>02156K103</cusip>
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          <isin value="US02156K1034"/>
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        <balance>258637.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6615934.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Electronic Arts Inc.</name>
        <lei>549300O7A67PUEYKDL45</lei>
        <title>Electronic Arts Inc.</title>
        <cusip>285512109</cusip>
        <identifiers>
          <isin value="US2855121099"/>
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        <balance>285048.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28792698.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Liberty Broadband Corp.</name>
        <lei>549300MIX43II8JLN536</lei>
        <title>Liberty Broadband Corp. Class A</title>
        <cusip>530307107</cusip>
        <identifiers>
          <isin value="US5303071071"/>
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        <balance>80672.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9544304.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gannett Co. Inc.</name>
        <lei>549300JQ2PU0RI3ZBA32</lei>
        <title>Gannett Co. Inc.</title>
        <cusip>36472T109</cusip>
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          <isin value="US36472T1097"/>
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        <balance>316643.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2013849.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Liberty Latin America Ltd.</name>
        <lei>213800YWQHEAX7CAVO83</lei>
        <title>Liberty Latin America Ltd. Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG9001E1021"/>
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        <balance>129158.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2299012.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Liberty TripAdvisor Holdings Inc.</name>
        <lei>5299006PCRAU736ZJ155</lei>
        <title>Liberty TripAdvisor Holdings Inc. Class A</title>
        <cusip>531465102</cusip>
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          <isin value="US5314651028"/>
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        <balance>210275.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cinemark Holdings Inc.</name>
        <lei>N/A</lei>
        <title>Cinemark Holdings Inc.</title>
        <cusip>17243V102</cusip>
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          <isin value="US17243V1026"/>
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        <balance>212530.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7198391.10000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pinterest Inc.</name>
        <lei>N/A</lei>
        <title>Pinterest Inc. Class A</title>
        <cusip>72352L106</cusip>
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          <isin value="US72352L1061"/>
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        <balance>320459.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gogo Inc.</name>
        <lei>549300VL3DIHSFHYTO04</lei>
        <title>Gogo Inc.</title>
        <cusip>38046C109</cusip>
        <identifiers>
          <isin value="US38046C1099"/>
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        <balance>165727.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>838578.62000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Liberty Media Corp-Liberty SiriusXM</name>
        <lei>N/A</lei>
        <title>Liberty Media Corp-Liberty SiriusXM Class A</title>
        <cusip>531229409</cusip>
        <identifiers>
          <isin value="US5312294094"/>
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        <balance>194407.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9467620.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>National CineMedia Inc.</name>
        <lei>N/A</lei>
        <title>National CineMedia Inc.</title>
        <cusip>635309107</cusip>
        <identifiers>
          <isin value="US6353091076"/>
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        <balance>183485.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1231184.35000000</valUSD>
        <pctVal>0.056512167500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zynga Inc.</name>
        <lei>N/A</lei>
        <title>Zynga Inc. Class A</title>
        <cusip>98986T108</cusip>
        <identifiers>
          <isin value="US98986T1088"/>
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        <balance>1605700.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10003511.00000000</valUSD>
        <pctVal>0.459167702406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Twitter Inc.</name>
        <lei>549300I8RX485XMK6836</lei>
        <title>Twitter Inc.</title>
        <cusip>90184L102</cusip>
        <identifiers>
          <isin value="US90184L1026"/>
        </identifiers>
        <balance>680352.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21029680.32000000</valUSD>
        <pctVal>0.965276091053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DISH Network Corp.</name>
        <lei>529900U350CWHH15G169</lei>
        <title>DISH Network Corp. Class A</title>
        <cusip>25470M109</cusip>
        <identifiers>
          <isin value="US25470M1099"/>
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        <balance>345276.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11798080.92000000</valUSD>
        <pctVal>0.541539636318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meet Group Inc.</name>
        <lei>549300G36FY0SJT18C53</lei>
        <title>Meet Group Inc.</title>
        <cusip>58513U101</cusip>
        <identifiers>
          <isin value="US58513U1016"/>
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        <balance>209854.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1015693.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EverQuote Inc.</name>
        <lei>N/A</lei>
        <title>EverQuote Inc. Class A</title>
        <cusip>30041R108</cusip>
        <identifiers>
          <isin value="US30041R1086"/>
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        <balance>23271.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>819371.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sirius XM Holdings Inc.</name>
        <lei>54930055RWDMVXAGZK98</lei>
        <title>Sirius XM Holdings Inc.</title>
        <cusip>82968B103</cusip>
        <identifiers>
          <isin value="US82968B1035"/>
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        <balance>1470789.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10266107.22000000</valUSD>
        <pctVal>0.471221040779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Take-Two Interactive Software Inc.</name>
        <lei>BOMSTHHJK882EWYX3334</lei>
        <title>Take-Two Interactive Software Inc.</title>
        <cusip>874054109</cusip>
        <identifiers>
          <isin value="US8740541094"/>
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        <balance>143275.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17386421.25000000</valUSD>
        <pctVal>0.798048115150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zillow Group Inc.</name>
        <lei>2549002XEELQDIR6FU05</lei>
        <title>Zillow Group Inc.</title>
        <cusip>98954M200</cusip>
        <identifiers>
          <isin value="US98954M2008"/>
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        <balance>240594.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9419255.10000000</valUSD>
        <pctVal>0.432349974189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="6851250"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Viacom Inc.</name>
        <lei>X0ST5BPF0CZG9FE5OV61</lei>
        <title>Viacom Inc. Class B</title>
        <cusip>92553P201</cusip>
        <identifiers>
          <isin value="US92553P2011"/>
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        <balance>448502.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10795443.14000000</valUSD>
        <pctVal>0.495517905969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zillow Group Inc.</name>
        <lei>2549002XEELQDIR6FU05</lei>
        <title>Zillow Group Inc. Class A</title>
        <cusip>98954M101</cusip>
        <identifiers>
          <isin value="US98954M1018"/>
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        <balance>166966.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6521691.96000000</valUSD>
        <pctVal>0.299349929547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications Inc.</title>
        <cusip>92343V104</cusip>
        <identifiers>
          <isin value="US92343V1044"/>
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        <balance>1632066.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>98315655.84000000</valUSD>
        <pctVal>4.512752952706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sinclair Broadcast Group Inc.</name>
        <lei>529900879GWQV880PQ28</lei>
        <title>Sinclair Broadcast Group Inc. Class A</title>
        <cusip>829226109</cusip>
        <identifiers>
          <isin value="US8292261091"/>
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        <balance>175213.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6102668.79000000</valUSD>
        <pctVal>0.280116491785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>John Wiley &amp; Sons Inc.</name>
        <lei>5493003XM719UN7E8P64</lei>
        <title>John Wiley &amp; Sons Inc. Class A</title>
        <cusip>968223206</cusip>
        <identifiers>
          <isin value="US9682232064"/>
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        <balance>131230.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6201929.80000000</valUSD>
        <pctVal>0.284672637112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Frontier Communications Corp.</name>
        <lei>549300ZCZ76HYCS0H445</lei>
        <title>Frontier Communications Corp.</title>
        <cusip>35906A306</cusip>
        <identifiers>
          <isin value="US35906A3068"/>
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        <balance>177309.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>119665.84000000</valUSD>
        <pctVal>0.005492740379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="174799.1"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Bandwidth Inc.</name>
        <lei>N/A</lei>
        <title>Bandwidth Inc. Class A</title>
        <cusip>05988J103</cusip>
        <identifiers>
          <isin value="US05988J1034"/>
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        <balance>46674.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2610476.82000000</valUSD>
        <pctVal>0.119822594649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WideOpenWest Inc.</name>
        <lei>549300RM6J2BWWOFU889</lei>
        <title>WideOpenWest Inc.</title>
        <cusip>96758W101</cusip>
        <identifiers>
          <isin value="US96758W1018"/>
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        <balance>74189.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>454778.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Care.com Inc.</name>
        <lei>54930002FPSTSMEP7626</lei>
        <title>Care.com Inc.</title>
        <cusip>141633107</cusip>
        <identifiers>
          <isin value="US1416331072"/>
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        <balance>86181.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1079847.93000000</valUSD>
        <pctVal>0.049565726770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New York Times Co.</name>
        <lei>N/A</lei>
        <title>New York Times Co. Class A</title>
        <cusip>650111107</cusip>
        <identifiers>
          <isin value="US6501111073"/>
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        <balance>259289.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8362070.25000000</valUSD>
        <pctVal>0.383824497624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fox Corp.</name>
        <lei>549300DDU6FDRBIELS05</lei>
        <title>Fox Corp. Class B</title>
        <cusip>35137L204</cusip>
        <identifiers>
          <isin value="US35137L2043"/>
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        <balance>251232.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8788095.36000000</valUSD>
        <pctVal>0.403379329015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>T-Mobile US Inc.</name>
        <lei>549300QHIJYOHPACPG31</lei>
        <title>T-Mobile US Inc.</title>
        <cusip>872590104</cusip>
        <identifiers>
          <isin value="US8725901040"/>
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        <balance>384617.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30211665.35000000</valUSD>
        <pctVal>1.386735213731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eventbrite Inc.</name>
        <lei>549300N6XBV2B1FAUF55</lei>
        <title>Eventbrite Inc. Class A</title>
        <cusip>29975E109</cusip>
        <identifiers>
          <isin value="US29975E1091"/>
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        <balance>123243.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2650956.93000000</valUSD>
        <pctVal>0.121680658193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Glu Mobile Inc.</name>
        <lei>5299006L6Z4VS4PBXT12</lei>
        <title>Glu Mobile Inc.</title>
        <cusip>379890106</cusip>
        <identifiers>
          <isin value="US3798901068"/>
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        <balance>341913.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1890778.89000000</valUSD>
        <pctVal>0.086787988605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CBS Corp.</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>CBS Corp. Class B</title>
        <cusip>124857202</cusip>
        <identifiers>
          <isin value="US1248572026"/>
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        <balance>357385.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14431206.30000000</valUSD>
        <pctVal>0.662401814695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MSG Networks Inc.</name>
        <lei>529900CN57TJSXQ5NM69</lei>
        <title>MSG Networks Inc.</title>
        <cusip>553573106</cusip>
        <identifiers>
          <isin value="US5535731062"/>
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        <balance>128108.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2080473.92000000</valUSD>
        <pctVal>0.095495114641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Discovery Inc.</name>
        <lei>5493006ZCRFWKF6B1K26</lei>
        <title>Discovery Communications Inc. Class A</title>
        <cusip>25470F104</cusip>
        <identifiers>
          <isin value="US25470F1049"/>
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        <balance>300761.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9907067.34000000</valUSD>
        <pctVal>0.454740875288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Telephone &amp; Data Systems Inc.</name>
        <lei>N/A</lei>
        <title>Telephone &amp; Data Systems Inc.</title>
        <cusip>879433829</cusip>
        <identifiers>
          <isin value="US8794338298"/>
        </identifiers>
        <balance>297487.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7053416.77000000</valUSD>
        <pctVal>0.323756446351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cars.com Inc.</name>
        <lei>5493002G6J07LNGX4M98</lei>
        <title>Cars.com Inc.</title>
        <cusip>14575E105</cusip>
        <identifiers>
          <isin value="US14575E1055"/>
        </identifiers>
        <balance>184811.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2456138.19000000</valUSD>
        <pctVal>0.112738350514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boston Omaha Corp.</name>
        <lei>54930002FEWTYF4YFF19</lei>
        <title>Boston Omaha Corp. Class A</title>
        <cusip>101044105</cusip>
        <identifiers>
          <isin value="US1010441053"/>
        </identifiers>
        <balance>25943.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>553364.19000000</valUSD>
        <pctVal>0.025399778509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Liberty Media Corp-Liberty Formula One</name>
        <lei>N/A</lei>
        <title>Liberty Media Corp-Liberty Formula One</title>
        <cusip>531229854</cusip>
        <identifiers>
          <isin value="US5312298541"/>
        </identifiers>
        <balance>290812.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13112713.08000000</valUSD>
        <pctVal>0.601882112916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>News Corp.</name>
        <lei>549300ITS31QK8VRBQ14</lei>
        <title>News Corp. Class B</title>
        <cusip>65249B208</cusip>
        <identifiers>
          <isin value="US65249B2088"/>
        </identifiers>
        <balance>381195.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5020338.15000000</valUSD>
        <pctVal>0.230436807001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Liberty Broadband Corp.</name>
        <lei>549300MIX43II8JLN536</lei>
        <title>Liberty Broadband Corp.</title>
        <cusip>530307305</cusip>
        <identifiers>
          <isin value="US5303073051"/>
        </identifiers>
        <balance>128617.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15368445.33000000</valUSD>
        <pctVal>0.705421699615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gray Television Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Television Inc.</title>
        <cusip>389375106</cusip>
        <identifiers>
          <isin value="US3893751061"/>
        </identifiers>
        <balance>275133.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5568691.92000000</valUSD>
        <pctVal>0.255606603953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sprint Corp.</name>
        <lei>549300ZTTY7CXOLJ6539</lei>
        <title>Sprint Corp.</title>
        <cusip>85207U105</cusip>
        <identifiers>
          <isin value="US85207U1051"/>
        </identifiers>
        <balance>2206602.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13063083.84000000</valUSD>
        <pctVal>0.599604098317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMC Networks Inc.</name>
        <lei>549300VGG9K75226LR46</lei>
        <title>AMC Networks Inc. Class A</title>
        <cusip>00164V103</cusip>
        <identifiers>
          <isin value="US00164V1035"/>
        </identifiers>
        <balance>128847.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4951590.21000000</valUSD>
        <pctVal>0.227281231558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>News Corp.</name>
        <lei>549300ITS31QK8VRBQ14</lei>
        <title>News Corp. Class A</title>
        <cusip>65249B109</cusip>
        <identifiers>
          <isin value="US65249B1098"/>
        </identifiers>
        <balance>711658.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9166155.04000000</valUSD>
        <pctVal>0.420732515775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Globalstar Inc.</name>
        <lei>549300NEX8I0MSOW0R64</lei>
        <title>Globalstar Inc.</title>
        <cusip>378973408</cusip>
        <identifiers>
          <isin value="US3789734080"/>
        </identifiers>
        <balance>1704635.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>664807.65000000</valUSD>
        <pctVal>0.030515106265</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="73593"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name> Alphabet Inc.</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet Inc. Class A</title>
        <cusip>02079K305</cusip>
        <identifiers>
          <isin value="US02079K3059"/>
        </identifiers>
        <balance>180017.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>234758369.53000000</valUSD>
        <pctVal>10.77556281568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meredith Corp.</name>
        <lei>549300YC8BC386CCTS24</lei>
        <title>Meredith Corp.</title>
        <cusip>589433101</cusip>
        <identifiers>
          <isin value="US5894331017"/>
        </identifiers>
        <balance>116916.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4096736.64000000</valUSD>
        <pctVal>0.188042893175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IAC/InterActiveCorp</name>
        <lei>15OMOPB0A8K0EFUVD031</lei>
        <title>IAC/InterActiveCorp</title>
        <cusip>44919P508</cusip>
        <identifiers>
          <isin value="US44919P5089"/>
        </identifiers>
        <balance>82175.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18300372.50000000</valUSD>
        <pctVal>0.839999075726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Entravision Communications Corp.</name>
        <lei>549300SKHY2ALCLKV539</lei>
        <title>Entravision Communications Corp. Class A</title>
        <cusip>29382R107</cusip>
        <identifiers>
          <isin value="US29382R1077"/>
        </identifiers>
        <balance>176411.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>501007.24000000</valUSD>
        <pctVal>0.022996560235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TripAdvisor Inc.</name>
        <lei>N/A</lei>
        <title>TripAdvisor Inc.</title>
        <cusip>896945201</cusip>
        <identifiers>
          <isin value="US8969452015"/>
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        <balance>230135.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6535834.00000000</valUSD>
        <pctVal>0.299999058439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANGI Homeservices Inc.</name>
        <lei>N/A</lei>
        <title>ANGI Homeservices Inc. Class A</title>
        <cusip>00183L102</cusip>
        <identifiers>
          <isin value="US00183L1026"/>
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        <balance>238430.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1847832.50000000</valUSD>
        <pctVal>0.084816721194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ATN International Inc.</name>
        <lei>54930013NP7VEU877V56</lei>
        <title>ATN International Inc.</title>
        <cusip>00215F107</cusip>
        <identifiers>
          <isin value="US00215F1075"/>
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        <balance>32690.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1835543.50000000</valUSD>
        <pctVal>0.084252648051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CenturyLink Inc.</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
        <title>CenturyLink Inc.</title>
        <cusip>156700106</cusip>
        <identifiers>
          <isin value="US1567001060"/>
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        <balance>1451515.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21032452.35000000</valUSD>
        <pctVal>0.965403329044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Discovery Inc.</name>
        <lei>5493006ZCRFWKF6B1K26</lei>
        <title>Discovery Communications Inc.</title>
        <cusip>25470F302</cusip>
        <identifiers>
          <isin value="US25470F3029"/>
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        <balance>423529.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12926105.08000000</valUSD>
        <pctVal>0.593316683577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenandoah Telecommunications Co.</name>
        <lei>549300XH3H4OUKFPHS84</lei>
        <title>Shenandoah Telecommunications Co.</title>
        <cusip>82312B106</cusip>
        <identifiers>
          <isin value="US82312B1061"/>
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        <balance>138212.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5189860.60000000</valUSD>
        <pctVal>0.238217998412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>comScore Inc.</name>
        <lei>N/A</lei>
        <title>comScore Inc.</title>
        <cusip>20564W105</cusip>
        <identifiers>
          <isin value="US20564W1053"/>
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        <balance>165960.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>678776.40000000</valUSD>
        <pctVal>0.031156281033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TechTarget Inc.</name>
        <lei>529900YQA5JL2H2VMB84</lei>
        <title>TechTarget Inc.</title>
        <cusip>87874R100</cusip>
        <identifiers>
          <isin value="US87874R1005"/>
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        <balance>68841.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1825663.32000000</valUSD>
        <pctVal>0.083799141322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cargurus Inc.</name>
        <lei>54930027BKQN6B7X7G78</lei>
        <title>Cargurus Inc.</title>
        <cusip>141788109</cusip>
        <identifiers>
          <isin value="US1417881091"/>
        </identifiers>
        <balance>184995.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7416449.55000000</valUSD>
        <pctVal>0.340419888566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Reading International Inc.</name>
        <lei>549300OHQRI7MW2NQU72</lei>
        <title>Reading International Inc. Class A</title>
        <cusip>755408101</cusip>
        <identifiers>
          <isin value="US7554081015"/>
        </identifiers>
        <balance>48875.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>524428.75000000</valUSD>
        <pctVal>0.024071622874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Liberty Global plc</name>
        <lei>549300BSGXG3QLIQYT84</lei>
        <title>Liberty Global plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B8W67B19"/>
        </identifiers>
        <balance>495348.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10649982.00000000</valUSD>
        <pctVal>0.488841144435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Clear Channel Outdoor Holdings Inc.</name>
        <lei>N/A</lei>
        <title>Clear Channel Outdoor Holdings Inc.</title>
        <cusip>18453H106</cusip>
        <identifiers>
          <isin value="US18453H1068"/>
        </identifiers>
        <balance>1091265.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2706337.20000000</valUSD>
        <pctVal>0.124222648834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hemisphere Media Group Inc.</name>
        <lei>549300PUEQ0HSP3IRZ09</lei>
        <title>Hemisphere Media Group Inc. Class A</title>
        <cusip>42365Q103</cusip>
        <identifiers>
          <isin value="US42365Q1031"/>
        </identifiers>
        <balance>52236.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>731304.00000000</valUSD>
        <pctVal>0.033567332253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Facebook Inc.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Facebook Inc. Class A</title>
        <cusip>30303M102</cusip>
        <identifiers>
          <isin value="US30303M1027"/>
        </identifiers>
        <balance>1605933.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>323820330.12000000</valUSD>
        <pctVal>14.86356509967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iridium Communications Inc.</name>
        <lei>549300U620NVQ4J1CT96</lei>
        <title>Iridium Communications Inc.</title>
        <cusip>46269C102</cusip>
        <identifiers>
          <isin value="US46269C1027"/>
        </identifiers>
        <balance>285595.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6654363.50000000</valUSD>
        <pctVal>0.305439640069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Liberty Media Corp-Liberty Braves</name>
        <lei>N/A</lei>
        <title>Liberty Media Corp-Liberty Braves</title>
        <cusip>531229888</cusip>
        <identifiers>
          <isin value="US5312298889"/>
        </identifiers>
        <balance>104772.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2965047.60000000</valUSD>
        <pctVal>0.136097625525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Liberty Media Corp-Liberty Braves</name>
        <lei>N/A</lei>
        <title>Liberty Media Corp-Liberty Braves</title>
        <cusip>531229706</cusip>
        <identifiers>
          <isin value="US5312297063"/>
        </identifiers>
        <balance>24989.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>709437.71000000</valUSD>
        <pctVal>0.032563655230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tribune Publishing Co.</name>
        <lei>549300OYS3J30M2N5272</lei>
        <title>Tribune Publishing Co.</title>
        <cusip>89609W107</cusip>
        <identifiers>
          <isin value="US89609W1071"/>
        </identifiers>
        <balance>46586.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>583256.72000000</valUSD>
        <pctVal>0.026771865201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Charter Communications Inc.</name>
        <lei>0J0XRGZE3PBRFEZ7MV65</lei>
        <title>Charter Communications Inc. Class A</title>
        <cusip>16119P108</cusip>
        <identifiers>
          <isin value="US16119P1084"/>
        </identifiers>
        <balance>135704.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>63782237.04000000</valUSD>
        <pctVal>2.927646426942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Live Nation Entertainment Inc.</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>Live Nation Entertainment Inc.</title>
        <cusip>538034109</cusip>
        <identifiers>
          <isin value="US5380341090"/>
        </identifiers>
        <balance>191170.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13345577.70000000</valUSD>
        <pctVal>0.612570751389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boingo Wireless Inc.</name>
        <lei>54930058LPWPZZCRMC04</lei>
        <title>Boingo Wireless Inc.</title>
        <cusip>09739C102</cusip>
        <identifiers>
          <isin value="US09739C1027"/>
        </identifiers>
        <balance>128642.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1480669.42000000</valUSD>
        <pctVal>0.067963695507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QuinStreet Inc.</name>
        <lei>549300TP8MFBFPOS4Y78</lei>
        <title>QuinStreet Inc.</title>
        <cusip>74874Q100</cusip>
        <identifiers>
          <isin value="US74874Q1004"/>
        </identifiers>
        <balance>134301.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2113897.74000000</valUSD>
        <pctVal>0.097029289856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lions Gate Entertainment Corp.</name>
        <lei>5493000JSMHPHZURLM72</lei>
        <title>Lions Gate Entertainment Corp. Class A</title>
        <cusip>535919401</cusip>
        <identifiers>
          <isin value="CA5359194019"/>
        </identifiers>
        <balance>210145.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1964855.75000000</valUSD>
        <pctVal>0.090188164964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp. Class A</title>
        <cusip>20030N101</cusip>
        <identifiers>
          <isin value="US20030N1019"/>
        </identifiers>
        <balance>2130741.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94072215.15000000</valUSD>
        <pctVal>4.317976247614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Match Group Inc.</name>
        <lei>549300BIJKT86CPCKK96</lei>
        <title>Match Group Inc.</title>
        <cusip>57665R106</cusip>
        <identifiers>
          <isin value="US57665R1068"/>
        </identifiers>
        <balance>127566.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8990851.68000000</valUSD>
        <pctVal>0.412685976812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IMAX Corp.</name>
        <lei>5493002KS2T1Q0X7VZ21</lei>
        <title>IMAX Corp.</title>
        <cusip>45245E109</cusip>
        <identifiers>
          <isin value="CA45245E1097"/>
        </identifiers>
        <balance>161054.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3462661.00000000</valUSD>
        <pctVal>0.158938406283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cardlytics Inc.</name>
        <lei>549300JETJBH94EIPC66</lei>
        <title>Cardlytics Inc.</title>
        <cusip>14161W105</cusip>
        <identifiers>
          <isin value="US14161W1053"/>
        </identifiers>
        <balance>56879.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3188067.95000000</valUSD>
        <pctVal>0.146334405562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yelp Inc.</name>
        <lei>5299007OU2DOSXPQBO35</lei>
        <title>Yelp Inc. Class A</title>
        <cusip>985817105</cusip>
        <identifiers>
          <isin value="US9858171054"/>
        </identifiers>
        <balance>201974.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7004458.32000000</valUSD>
        <pctVal>0.321509221452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Loral Space &amp; Communications Inc.</name>
        <lei>5299008CJ8NPI54F8D37</lei>
        <title>Loral Space &amp; Communications Inc.</title>
        <cusip>543881106</cusip>
        <identifiers>
          <isin value="US5438811060"/>
        </identifiers>
        <balance>34447.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1166375.42000000</valUSD>
        <pctVal>0.053537395195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2019-12-31</ncom:dateSigned>
      <ncom:nameOfApplicant>VANGUARD WORLD FUND</ncom:nameOfApplicant>
      <ncom:signature>Christine M. Buchanan</ncom:signature>
      <ncom:signerName>Christine M. Buchanan</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
