<SEC-DOCUMENT>0001142031-24-000028.txt : 20240806
<SEC-HEADER>0001142031-24-000028.hdr.sgml : 20240806
<ACCEPTANCE-DATETIME>20240806120527
ACCESSION NUMBER:		0001142031-24-000028
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240630
FILED AS OF DATE:		20240806
DATE AS OF CHANGE:		20240806
EFFECTIVENESS DATE:		20240806

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRIVATE MANAGEMENT GROUP INC
		CENTRAL INDEX KEY:			0001142031
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-05223
		FILM NUMBER:		241178033

	BUSINESS ADDRESS:	
		STREET 1:		15635 ALTON PARKWAY
		STREET 2:		SUITE 400
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92618
		BUSINESS PHONE:		9497527500

	MAIL ADDRESS:	
		STREET 1:		15635 ALTON PARKWAY
		STREET 2:		SUITE 400
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92618
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
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          <cik>0001142031</cik>
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      <periodOfReport>06-30-2024</periodOfReport>
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      <reportCalendarOrQuarter>06-30-2024</reportCalendarOrQuarter>
      <filingManager>
        <name>PRIVATE MANAGEMENT GROUP INC</name>
        <address>
          <com:street1>15635 ALTON PARKWAY</com:street1>
          <com:street2>SUITE 400</com:street2>
          <com:city>IRVINE</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>92618</com:zipCode>
        </address>
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      <crdNumber>000104707</crdNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Robert T. Summers, CFA</name>
      <title>Co-CEO, Private Management Group, Inc.</title>
      <phone>949-752-7500</phone>
      <signature>Robert T. Summers, CFA</signature>
      <city>Irvine</city>
      <stateOrCountry>CA</stateOrCountry>
      <signatureDate>08-06-2024</signatureDate>
    </signatureBlock>
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<SEQUENCE>2
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          <nameOfIssuer>PIEDMONT OFFICE REALTY TR IN</nameOfIssuer>
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          <nameOfIssuer>PINNACLE FINL PARTNERS INC</nameOfIssuer>
          <titleOfClass>COM</titleOfClass>
          <cusip>72346Q104</cusip>
          <value>28365936</value>
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          <titleOfClass>COM</titleOfClass>
          <cusip>743606105</cusip>
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          <titleOfClass>COM</titleOfClass>
          <cusip>747525103</cusip>
          <value>264178</value>
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          <nameOfIssuer>QUIDELORTHO CORP</nameOfIssuer>
          <titleOfClass>COM</titleOfClass>
          <cusip>219798105</cusip>
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          <titleOfClass>COM</titleOfClass>
          <cusip>758075402</cusip>
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          <cusip>76029L100</cusip>
          <value>11630890</value>
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          <titleOfClass>COM</titleOfClass>
          <cusip>773903109</cusip>
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          <titleOfClass>COM</titleOfClass>
          <cusip>78081T104</cusip>
          <value>2089526</value>
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          <cusip>781846209</cusip>
          <value>14397669</value>
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          <cusip>781846308</cusip>
          <value>13310443</value>
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          <titleOfClass>COM</titleOfClass>
          <cusip>78646V107</cusip>
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          <titleOfClass>US LCAP GR ETF</titleOfClass>
          <cusip>808524300</cusip>
          <value>266923</value>
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          <value>19729339</value>
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     <infoTable>
          <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
          <titleOfClass>INDL</titleOfClass>
          <cusip>81369Y704</cusip>
          <value>303334</value>
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     <infoTable>
          <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
          <titleOfClass>TECHNOLOGY</titleOfClass>
          <cusip>81369Y803</cusip>
          <value>257224</value>
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          <nameOfIssuer>SHARECARE INC</nameOfIssuer>
          <titleOfClass>COM CL A</titleOfClass>
          <cusip>81948W104</cusip>
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          <titleOfClass>NOTE 0.125%11/0</titleOfClass>
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          <value>7989275</value>
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          <titleOfClass>COM</titleOfClass>
          <cusip>82620P102</cusip>
          <value>14706950</value>
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          <titleOfClass>COM</titleOfClass>
          <cusip>G8192H106</cusip>
          <value>63614545</value>
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          <titleOfClass>COM</titleOfClass>
          <cusip>840441109</cusip>
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          <value>235815</value>
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          <value>8259558</value>
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          <cusip>78464A763</cusip>
          <value>463190</value>
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          <titleOfClass>SHS BEN INT</titleOfClass>
          <cusip>85512G106</cusip>
          <value>136495</value>
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     <infoTable>
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          <titleOfClass>COM</titleOfClass>
          <cusip>857477103</cusip>
          <value>40111108</value>
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          <titleOfClass>COM</titleOfClass>
          <cusip>866674104</cusip>
          <value>28258118</value>
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          <titleOfClass>NOTE 1.250% 6/0</titleOfClass>
          <cusip>87918AAF2</cusip>
          <value>1673422</value>
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     <infoTable>
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          <titleOfClass>COM</titleOfClass>
          <cusip>879433829</cusip>
          <value>46769287</value>
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          <titleOfClass>COM</titleOfClass>
          <cusip>88033G407</cusip>
          <value>18879751</value>
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          <titleOfClass>SPONSORED ADS</titleOfClass>
          <cusip>881624209</cusip>
          <value>22350754</value>
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     <infoTable>
          <nameOfIssuer>TEXAS INSTRS INC</nameOfIssuer>
          <titleOfClass>COM</titleOfClass>
          <cusip>882508104</cusip>
          <value>249387</value>
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          <investmentDiscretion>SOLE</investmentDiscretion>
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          <titleOfClass>COM</titleOfClass>
          <cusip>903002103</cusip>
          <value>20907437</value>
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          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
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          <nameOfIssuer>UNION PAC CORP</nameOfIssuer>
          <titleOfClass>COM</titleOfClass>
          <cusip>907818108</cusip>
          <value>223466</value>
          <shrsOrPrnAmt>
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          <otherManager>0</otherManager>
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          <nameOfIssuer>UNITED NAT FOODS INC</nameOfIssuer>
          <titleOfClass>COM</titleOfClass>
          <cusip>911163103</cusip>
          <value>23235077</value>
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          <investmentDiscretion>SOLE</investmentDiscretion>
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          <nameOfIssuer>UNITED STATES CELLULAR CORP</nameOfIssuer>
          <titleOfClass>COM</titleOfClass>
          <cusip>911684108</cusip>
          <value>2263334</value>
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          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>40547</Sole>
               <Shared>0</Shared>
               <None>0</None>
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     <infoTable>
          <nameOfIssuer>VALERO ENERGY CORP</nameOfIssuer>
          <titleOfClass>COM</titleOfClass>
          <cusip>91913Y100</cusip>
          <value>53041852</value>
          <shrsOrPrnAmt>
               <sshPrnamt>338363</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
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          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>338363</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
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     <infoTable>
          <nameOfIssuer>VANGUARD BD INDEX FDS</nameOfIssuer>
          <titleOfClass>INTERMED TERM</titleOfClass>
          <cusip>921937819</cusip>
          <value>408076</value>
          <shrsOrPrnAmt>
               <sshPrnamt>5449</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
          </shrsOrPrnAmt>
          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>5449</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
     </infoTable>
     <infoTable>
          <nameOfIssuer>VANGUARD BD INDEX FDS</nameOfIssuer>
          <titleOfClass>SHORT TRM BOND</titleOfClass>
          <cusip>921937827</cusip>
          <value>886805</value>
          <shrsOrPrnAmt>
               <sshPrnamt>11562</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
          </shrsOrPrnAmt>
          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>11562</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
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     <infoTable>
          <nameOfIssuer>VANGUARD CHARLOTTE FDS</nameOfIssuer>
          <titleOfClass>TOTAL INT BD ETF</titleOfClass>
          <cusip>92203J407</cusip>
          <value>565253</value>
          <shrsOrPrnAmt>
               <sshPrnamt>11614</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
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          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>11614</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
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          <nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
          <titleOfClass>EXTEND MKT ETF</titleOfClass>
          <cusip>922908652</cusip>
          <value>516835</value>
          <shrsOrPrnAmt>
               <sshPrnamt>3062</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
          </shrsOrPrnAmt>
          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>3062</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
     </infoTable>
     <infoTable>
          <nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
          <titleOfClass>LARGE CAP ETF</titleOfClass>
          <cusip>922908637</cusip>
          <value>1603559</value>
          <shrsOrPrnAmt>
               <sshPrnamt>6424</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
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          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>6424</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
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     <infoTable>
          <nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
          <titleOfClass>MID CAP ETF</titleOfClass>
          <cusip>922908629</cusip>
          <value>462895</value>
          <shrsOrPrnAmt>
               <sshPrnamt>1912</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
          </shrsOrPrnAmt>
          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>1912</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
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     <infoTable>
          <nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
          <titleOfClass>TOTAL STK MKT</titleOfClass>
          <cusip>922908769</cusip>
          <value>255453</value>
          <shrsOrPrnAmt>
               <sshPrnamt>955</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
          </shrsOrPrnAmt>
          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>955</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
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          <nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
          <titleOfClass>VALUE ETF</titleOfClass>
          <cusip>922908744</cusip>
          <value>533844</value>
          <shrsOrPrnAmt>
               <sshPrnamt>3328</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
          </shrsOrPrnAmt>
          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>3328</Sole>
               <Shared>0</Shared>
               <None>0</None>
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          <nameOfIssuer>VANGUARD SCOTTSDALE FDS</nameOfIssuer>
          <titleOfClass>SHRT TRM CORP BD</titleOfClass>
          <cusip>92206C409</cusip>
          <value>17382009</value>
          <shrsOrPrnAmt>
               <sshPrnamt>224937</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
          </shrsOrPrnAmt>
          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>224937</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
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     <infoTable>
          <nameOfIssuer>VANGUARD SPECIALIZED FUNDS</nameOfIssuer>
          <titleOfClass>DIV APP ETF</titleOfClass>
          <cusip>921908844</cusip>
          <value>768172</value>
          <shrsOrPrnAmt>
               <sshPrnamt>4208</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
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          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>4208</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
     </infoTable>
     <infoTable>
          <nameOfIssuer>VERITONE INC</nameOfIssuer>
          <titleOfClass>COM</titleOfClass>
          <cusip>92347M100</cusip>
          <value>5512104</value>
          <shrsOrPrnAmt>
               <sshPrnamt>2438984</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
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          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>2438984</Sole>
               <Shared>0</Shared>
               <None>0</None>
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     </infoTable>
     <infoTable>
          <nameOfIssuer>VERIZON COMMUNICATIONS INC</nameOfIssuer>
          <titleOfClass>COM</titleOfClass>
          <cusip>92343V104</cusip>
          <value>46305065</value>
          <shrsOrPrnAmt>
               <sshPrnamt>1122819</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
          </shrsOrPrnAmt>
          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>1122819</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
     </infoTable>
     <infoTable>
          <nameOfIssuer>VESTIS CORPORATION</nameOfIssuer>
          <titleOfClass>COM SHS</titleOfClass>
          <cusip>29430C102</cusip>
          <value>8467979</value>
          <shrsOrPrnAmt>
               <sshPrnamt>692394</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
          </shrsOrPrnAmt>
          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>692394</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
     </infoTable>
     <infoTable>
          <nameOfIssuer>VISA INC</nameOfIssuer>
          <titleOfClass>COM CL A</titleOfClass>
          <cusip>92826C839</cusip>
          <value>309190</value>
          <shrsOrPrnAmt>
               <sshPrnamt>1178</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
          </shrsOrPrnAmt>
          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>1178</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
     </infoTable>
     <infoTable>
          <nameOfIssuer>VITESSE ENERGY INC</nameOfIssuer>
          <titleOfClass>COMMON STOCK</titleOfClass>
          <cusip>92852X103</cusip>
          <value>2453234</value>
          <shrsOrPrnAmt>
               <sshPrnamt>103512</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
          </shrsOrPrnAmt>
          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>103512</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
     </infoTable>
     <infoTable>
          <nameOfIssuer>VONTIER CORPORATION</nameOfIssuer>
          <titleOfClass>COM</titleOfClass>
          <cusip>928881101</cusip>
          <value>18985667</value>
          <shrsOrPrnAmt>
               <sshPrnamt>497007</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
          </shrsOrPrnAmt>
          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>497007</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
     </infoTable>
     <infoTable>
          <nameOfIssuer>VORNADO RLTY TR</nameOfIssuer>
          <titleOfClass>SH BEN INT</titleOfClass>
          <cusip>929042109</cusip>
          <value>23303640</value>
          <shrsOrPrnAmt>
               <sshPrnamt>886407</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
          </shrsOrPrnAmt>
          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>886407</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
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          <nameOfIssuer>WARNER BROS DISCOVERY INC</nameOfIssuer>
          <titleOfClass>COM SER A</titleOfClass>
          <cusip>934423104</cusip>
          <value>37194606</value>
          <shrsOrPrnAmt>
               <sshPrnamt>4999275</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
          </shrsOrPrnAmt>
          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>4999275</Sole>
               <Shared>0</Shared>
               <None>0</None>
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     <infoTable>
          <nameOfIssuer>WEAVE COMMUNICATIONS INC</nameOfIssuer>
          <titleOfClass>COM</titleOfClass>
          <cusip>94724R108</cusip>
          <value>90200</value>
          <shrsOrPrnAmt>
               <sshPrnamt>10000</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
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          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>10000</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
     </infoTable>
     <infoTable>
          <nameOfIssuer>WELLS FARGO CO</nameOfIssuer>
          <titleOfClass>COM</titleOfClass>
          <cusip>949746101</cusip>
          <value>739895</value>
          <shrsOrPrnAmt>
               <sshPrnamt>12458</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
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          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>12458</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
     </infoTable>
     <infoTable>
          <nameOfIssuer>WESTERN ASSET HIGH YIELD DEF</nameOfIssuer>
          <titleOfClass>COM</titleOfClass>
          <cusip>95768B107</cusip>
          <value>1585070</value>
          <shrsOrPrnAmt>
               <sshPrnamt>136644</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
          </shrsOrPrnAmt>
          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
               <Sole>136644</Sole>
               <Shared>0</Shared>
               <None>0</None>
          </votingAuthority>
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          <nameOfIssuer>WESTERN ASSET INVT GRADE DEF</nameOfIssuer>
          <titleOfClass>COM</titleOfClass>
          <cusip>95790A101</cusip>
          <value>1733569</value>
          <shrsOrPrnAmt>
               <sshPrnamt>101497</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
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          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
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               <Shared>0</Shared>
               <None>0</None>
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          <titleOfClass>COM</titleOfClass>
          <cusip>96145D105</cusip>
          <value>9987868</value>
          <shrsOrPrnAmt>
               <sshPrnamt>198724</sshPrnamt>
               <sshPrnamtType>SH</sshPrnamtType>
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          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
          <votingAuthority>
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               <Shared>0</Shared>
               <None>0</None>
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          <titleOfClass>COM</titleOfClass>
          <cusip>96758W101</cusip>
          <value>5264779</value>
          <shrsOrPrnAmt>
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          <investmentDiscretion>SOLE</investmentDiscretion>
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               <None>0</None>
          </votingAuthority>
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          <titleOfClass>COM SHS</titleOfClass>
          <cusip>92942W107</cusip>
          <value>8465608</value>
          <shrsOrPrnAmt>
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          <investmentDiscretion>SOLE</investmentDiscretion>
          <otherManager>0</otherManager>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>