Exhibit 99.2

JAG Media Holdings, Inc.

For Immediate Release:
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Contacts:
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Stephen J. Schoepfer, EVP & COO
JAG Media Holdings, Inc.
(888) 828-4174
steve@jagnotes.com
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JAG Media Holdings, Inc. Announces Update
Regarding Status of Stock Dividend

Boca Raton, FL, April 29, 2003 - JAG Media Holdings, Inc. (OTCBB: JGMHA)
announced, today, an update regarding the status of its recently declared stock
dividend. The Company's transfer agent has begun issuing Series 2 Class B
dividend stock certificates to registered shareholders and will begin mailing
the certificates shortly. The transfer agent is also in the process of reviewing
and reconciling beneficial owner lists which have been submitted by some DTC
participants.

It is important that the Company's shareholders review carefully the information
released below because the Company has already received confirmation of "fails
to receive" and "fails to deliver" shares of its common stock from various
participants, including The Canadian Depository for Securities. Anyone who
thought they bought our Class A common stock from a seller who has failed to
deliver those shares is not in fact a lawful owner of our Class A common stock
and is not entitled to the stock dividend.

Therefore, it is very important that you confirm with the Company and your
broker that your broker has submitted a correct list of beneficial owners of our
shares to our stock transfer agent AND THAT YOU AND YOUR SHARES ARE ON THAT LIST
since the Company will only issue the new Series 2 Class B dividend certificates
to those beneficial owners listed in the beneficial owner lists submitted by
each DTC participant, not to exceed, however, each participant's position with
DTC as of the record date. Also, notwithstanding that the dividend record date
has passed, the Company still urges all shareholders to request from their
broker a stock certificate representing their ownership interest in the
Company's Class A common stock. Any such request should be made in writing. For
shareholders' convenience, a sample letter which shareholders may wish to
consider using for this purpose is posted on the Company's website
(www.jagnotes.com).

Under the terms of the dividend, all participants were required by DTC and
NASDAQ to submit their beneficial owner lists to the Company's transfer agent
within five (5) business days after the dividend record date. As of the close of
business on April 25, 2003, 27 DTC broker or clearing participants have still
not submitted their beneficial owner lists to the Company's transfer agent. The
names of those brokers and other participants who have not yet submitted

their beneficial owner lists and the number of shares of our Class A common
stock held by each of them through DTC as of April 14, 2003, the dividend record
date, are set forth below:

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DTC
DTC # Participant Position
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1 10 Brown Brothers Harriman & Co. 66,618
2 19 Jefferies & Company, Inc. 169
3 50 Morgan Stanley & Co. Incorporated 2,000
4 75 Linsco Private Ledger Corp. 799
5 161 Merrill Lynch Pierce Fenner & Smith 45,534
7 280 US Bancorp Investments, Inc. 1,000
8 297 Advantage Correspondent Clearing Services 497
9 311 US Bancorp Piper Jaffray, Inc. 1,000
10 442 Andover Capital Partners LLC 7,500
11 493 Parker/Hunter Incorporated 12,066
12 623 Wm. V. Frankel & Co., Inc. 179
14 756 H & R Block Financial Advisors, Inc. 17,498
15 773 Bank of America Securities, Inc. 36,363
16 780 Morgan, Keegan & Company, Inc. 9,181
17 785 Brown & Company Securities Corporation 99,176
18 799 McDonald Investments Inc. 4,725
19 901 The Bank of New York 6,157
20 931 United States Trust Company of New York 454
21 997 SSB & T Co. 10,000
22 2193 SSB-Ph Cus 454
24 5208 GS International 5,000
26 8072 Alpine Securities Corp. 9,000
27 8273 J.B. Oxford & Company 32,799

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TOTAL SHARES OF CLASS A COMMON STOCK 368,169
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IF YOUR BROKER IS LISTED ABOVE, PLEASE CONTACT YOUR BROKER IMMEDIATELY TO REMIND
THEM THAT YOU CANNOT RECEIVE YOUR STOCK DIVIDEND UNTIL THEY SUBMIT THEIR
BENEFICIAL OWNER LIST WITH YOUR NAME AND SHARES ON IT. You may also want to
report your broker to NASD if they do not respond to your request. To do so,
submit the relevant information to the appropriate NASD district office as
indicated on its website, www.nasdr.com/complaints_file.asp.

For the benefit of its shareholders, the Company has also posted on its website
a copy of the Security Position Listing provided to the Company by DTC, which
reflects each broker-participant's position in the Company's Class A common
stock as of the dividend record date, according to DTC's records.

If your broker is not listed above but is listed on our website, it has
submitted a beneficial owner list. YOU SHOULD CONFIRM DIRECTLY WITH THE COMPANY
AND YOUR BROKER THAT YOUR NAME AND THE NUMBER OF SHARES WHICH YOU OWN IS ON THAT
LIST.

Also note carefully the total number of shares shown for your broker-participant
on our website. In some cases, a single "shareholder" of the Company holds more
shares at a broker than the broker has with DTC. Again, if you find such a
situation, or if your name and shares are not correctly reflected on your
broker's list, you may wish to contact NASD as noted above, in addition to
contacting the Company.

Finally, to help the Company monitor the dividend distribution process and to
alert the Company to any problem areas, please also let the Company know if you
are experiencing any difficulties in getting your broker to submit its
beneficial owner list, in confirming whether your name and correct number of
shares are on such list or in getting your Class A or Class B common stock
position certificated. Also, if your name is not contained in a beneficial owner
list and you believe it should be, or if your holdings of the Company's Class A
common stock are understated, or otherwise not accurately reflected in any
beneficial owner list, please fax a copy of your account statement to the
Company to enable the Company to verify any such discrepancies. You should feel
free to redact from such account statements any information not relevant to
establishing your position in the Company's Class A common stock. You may
contact the Company:

o by e-mail at dividend@jagmedia.biz;
o by fax at (561) 892-0821;
o by telephone at (561) 892-0821.

About JAG Media Holdings, Inc.
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JAG Media Holdings, Inc. is a provider of Internet-based equities research and
financial information that offers its subscribers a variety of stock market
research, news, commentary and analysis, including "JAG Notes", the Company's
flagship early morning consolidated research product. The Company also offers,
through its wholly-owned subsidiary, JAG Company Voice LLC, its "Company Voice"
service which provides publicly traded companies with production services and
distribution for their corporate messages in streaming video/audio format. The
Company's websites are located at www.jagnotes.com and www.thecompanyvoice.com.

Safe Harbor Statement - Certain statements made herein that are not historical
are forward-looking within the meaning of the Private Securities Litigation
Reform Act of 1995 and may contain forward-looking statements, with words such
as "Anticipate, "believe," "expect," "future," "may," "will," "should," "plan,"
"projected," "intend," and similar expressions to identify forward-looking
statements. These statements are based on the Company's beliefs and the
assumptions it made using information currently available to it. Because these
statements reflect the Company's current views concerning future events, these
statements involve risks, uncertainties and assumptions. The actual results
could differ materially from the results discussed in the forward-looking
statements. In any event, undue reliance should not be

placed on any forward-looking statements, which apply only as of the date of
this press release. Accordingly, reference should be made to the Company's
periodic filings with the Securities and Exchange Commission.