K Capital Partners is calling for certain value-enhancing actions by the publisher of the Chicago Sun-Times. Saying it's extremely disappointed with Sun-Times' performance, K Capital urged the company to develop a detailed 2008 operating plan with clear performance targets. K Capital suggested that Sun-Times compensate executives and directors solely with equity and urged Sun-Times to immediately finish its share-repurchase program "to take advantage of the extreme undervaluation of the current stock price." K Capital Partners owners 6,426,410 shares (9.8% of the total outstanding).

Farallon Capital Management said that it might talk with Linktone about that company's agreement to sell a portion of itself to Media Nusantara. Linktone previously had agreed to allow Media Nusantara to buy at least 51% of its ordinary shares for 38 cents apiece, or $3.80 per American depositary receipt. Farallon owns 2.4 million ADRs (9.9%).

A group including Galloway Capital Management wants the board to retain a nationally recognized investment bank to explore various alternatives to increase shareholder value, including selling the company or some assets, and instituting a share-buyback program. The group, noting that Comforce is "trading at a significant discount to its larger market-cap peers," contends that management hasn't "clearly defined to the shareholders how to achieve its targets to increase shareholder value." The Galloway group owns about 1.01 million shares (5.84%).

Investors including Resurgence Health Group want to meet with SunLink officials to discuss their proposal to acquire the company for $7.50 a share in cash. The Resurgence group said that the company hadn't responded to its bid, although a month had passed since it was made. The group said that it's "quite surprised by the board's complete inaction with respect to the offer to date." The Resurgence group holds 704,139 shares (9.4%).

ValueVest High Management Co. II sent a letter to the board, expressing concern that the proposed debt-restructuring with Hillside Capital would dilute the holdings of Ampex's existing shareholders. ValueVest intends to use all available legal avenues to prevent a dilutive restructuring. As of Sept. 30, Hillside held $44.8 million of Ampex notes. Hillside had said that Ampex was in default and warned that, if the breach weren't cured within 10 days, it would declare the notes immediately payable. The two companies later reached an agreement giving Ampex until Jan. 15 to resolve the issue. ValueVest owns 524,336 shares (13.4%).

Midwood Capital Management owns 1,107,825 shares (5.9%), after buying 188,425 from Oct. 23 to Dec. 4 at prices ranging from $8.95 to $10.39.

Noonday Asset Management raised its holdings to 7.8 million shares (9.9%), from the 6.23 million (7.9%) it reported owning on Nov. 16.

JMB Capital Partners Master Fund increased its position to 2,993,000 shares (6.34%), from the 2,452,700 (5.2%) it reported owning on Nov. 13.