UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                   FORM 12b-25                SEC FILE NUMBER
                                                                000-28761
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                           NOTIFICATION OF LATE FILING         CUSIP NUMBER
                                                                 47008040
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(Check one):   |X| Form 10-K  |_| Form 20-F  |_| Form 11-K  |_| Form 10-Q
               |_| Form 10-D  |_| Form N-SAR  |_| Form N-CSR
               For Period Ended:  July 31, 2008
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               |_| Transition Report on Form 10-K
               |_| Transition Report on Form 20-F
               |_| Transition Report on Form 11-K
               |_| Transition Report on Form 10-Q
               |_| Transition Report on Form N-SAR
               For the Transition Period Ended: ________________________________

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  Read Instruction (on back page) Before Preparing Form. Please Print or Type.
    Nothing in this form shall be construed to imply that the Commission has
                   verified any information contained herein.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:

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PART I -- REGISTRANT INFORMATION

JAG Media Holdings, Inc.
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Full Name of Registrant

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Former Name if Applicable

6865 S.W. 18th Street, Suite B-13
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Address of Principal Executive Office (Street and Number)

Boca Raton, Florida 33433
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City, State and Zip Code

PART II -- RULES 12b-25(b) AND (c)

If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

|X|   (a)   The reason  described in reasonable  detail in Part III of this form
            could not be eliminated without unreasonable effort or expense;
|X|   (b)   The subject annual report,  semi-annual report, transition report on
            Form 10-K,  Form  20-F,  Form 11-K,  Form  N-SAR or Form  N-CSR,  or
            portion thereof,  will be filed on or before the fifteenth  calendar
            day following  the  prescribed  due date;  or the subject  quarterly
            report or  transition  report on Form 10-Q or  subject  distribution
            report on Form 10-D, or portion thereof,  will be filed on or before
            the fifth calendar day following the prescribed due date; and
|_|   (c)   The  accountant's  statement  or  other  exhibit  required  by  Rule
            12b-25(c) has been attached if applicable.

PART III -- NARRATIVE

State below in reasonable  detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR,
N-CSR, or the transition  report or portion  thereof,  could not be filed within
the prescribed time period.





The  registrant  was not able to complete its annual report on Form 10-K for the
year ended July 31, 2008 (the  "Report") on a timely basis due to a delay in the
preparation  of the  financial  statements  to be included  in the  report.  The
registrant anticipates filing the Report on or before November 13, 2008.

PART IV -- OTHER INFORMATION

(1)   Name  and  telephone  number  of  person  to  contact  in  regard  to this
      notification

    Thomas J. Mazzarisi              (866)                 300-7401
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          (Name)                  (Area Code)         (Telephone Number)

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(2)   Have all other periodic  reports required under Section 13 or 15(d) of the
      Secturities  Exchange Act of 1934 or Section 30 of the Investment  Company
      Act of 1940 during the preceding 12 months or for such shorter period that
      the registrant  was required to file such report(s) been filed?  If answer
      is no, identify report(s).                                 Yes |X|  No |_|

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(3)   Is it  anticipated  that any  significant  change in results of operations
      from the  corresponding  period for the last fiscal year will be reflected
      by the earnings statements to be included in the subject report or portion
      thereof? Yes |_|  No |X|

      If so, attach an explanation of the anticipated  change,  both narratively
      and  quantitatively,   and,  if  appropriate,  state  the  reasons  why  a
      reasonable estimate of the results cannot be made.

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                            JAG Media Holdings, Inc.
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                  (Name of Registrant as Specified in Charter)

has  caused  this  notification  to be signed on its  behalf by the  undersigned
hereunto duly authorized.


Date  October 30, 2008                     By   /s/ Thomas J. Mazzarisi
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                                           Name:  Thomas J. Mazzarisi
                                           Title: Chairman of the Board,
                                                  Chief Executive Officer and
                                                  General Counsel



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                                    ATTENTION
   Intentional misstatements or omissions of fact constitute Federal Criminal
                        Violations (See 18 U.S.C. 1001).
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