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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNITED
      STATES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>WASHINGTON,
      DC 20549</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>FORM
      8-K</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
      REPORT PURSUANT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>TO
      SECTION 13 OR 15(D) OF THE</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
      EXCHANGE ACT OF 1934</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
      of
      report (Date of earliest event reported):</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>
      March
      6, 2006</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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                <div>&#160;</div>
              </td>
              <td align="left" valign="top" width="8%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">The
                  Tube Media Corp.</font></div>
              </td>
              <td align="left" valign="top" width="8%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr>
              <td align="left" colspan="3" valign="top" width="24%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(Exact
                  Name of Registrant as Specified in
                  Its Charter)</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="8%">&#160;</td>
              <td align="left" valign="top" width="8%">&#160;</td>
              <td align="left" valign="top" width="8%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="8%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="top" width="8%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">Delaware</font></div>
              </td>
              <td align="left" valign="top" width="8%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr>
              <td align="left" colspan="3" valign="top" width="24%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(State
                  or Other Jurisdiction<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">of
                  Incorporation)</font></font></div>
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            </tr>
            <tr>
              <td align="left" valign="top" width="8%">&#160;</td>
              <td align="left" valign="top" width="8%">&#160;</td>
              <td align="left" valign="top" width="8%">&#160;</td>
            </tr>
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">005-79752</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 225pt">&#160;</font></div>
              </td>
              <td align="left" valign="top" width="8%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="top" width="8%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">84-1557072</font></div>
              </td>
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Commission
                  File Number)</font></div>
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              <td align="left" valign="top" width="8%">&#160;</td>
              <td align="left" valign="top" width="8%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(IRS
                  Employer Identification
                  No.)</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="8%">&#160;</td>
              <td align="left" valign="top" width="8%">&#160;</td>
              <td align="left" valign="top" width="8%">&#160;</td>
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">1451
                  West Cypress Creek Road, Fort Lauderdale,
                  Florida</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 279pt">&#160;</font></div>
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">33309</font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
                  of Principal Executive Offices)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 279pt">&#160;</font></div>
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                  Code)</font></div>
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              <td align="left" colspan="2" valign="top" width="16%">&#160;</td>
              <td align="left" valign="top" width="8%">&#160;</td>
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            <tr>
              <td align="left" colspan="3" valign="top" width="24%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(954)
                  714-8100</font></div>
              </td>
            </tr>
            <tr>
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registrant&#8217;s
                  Telephone Number, Including Area Code)</font></font></div>
              </td>
            </tr>
            <tr>
              <td align="left" colspan="3" valign="top" width="24%">&#160;</td>
            </tr>
            <tr>
              <td align="left" colspan="3" valign="top" width="24%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">N/A</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" colspan="3" valign="top" width="24%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Former
                  Name or Former Address, if Changed Since
                  Last Report)</font></div>
              </td>
            </tr>

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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions (</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>see
      </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">General
      Instruction A.2. below):</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font></div>
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    <div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Forward-Looking
      Statements</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      document may include a number of "forward-looking statements" as that term
      is
      defined in Section 27A of the Securities Act of 1933, as amended, and Section
      21E of the Securities Exchange Act of 1934, as amended. These statements reflect
      management's current views with respect to future events and financial
      performance and include statements regarding management&#8217;s intent, belief or
      current expectations, which are based upon assumptions about future conditions
      that may prove to be inaccurate. Prospective investors are cautioned that any
      such forward-looking statements are not guarantees of future performance,
      involve risk and uncertainties, and that as a result, actual results may differ
      materially from those contemplated by such forward-looking statements. Such
      risks include, among other things, the volatile and competitive markets in
      which
      we operate, our limited operating history, our limited financial resources,
      our
      ability to manage our growth and the lack of an established trading market
      for
      our securities. When considering forward-looking statements, readers are urged
      to carefully review and consider the various disclosures, including risk factors
      and their cautionary statements, made by us in this document and in our reports
      filed with the Securities and Exchange Commission.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      1.01</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Entry
      into a Material Definitive Agreement.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      March
      6, 2006, the wholly-owned music television subsidiary of The Tube Media Corp.
      (the &#8220;Company&#8221;), The Tube Music Network, Inc. (&#8220;The Tube&#8221;), entered into a
      charter affiliate affiliation agreement, dated as of March 6, 2006 (the &#8220;Charter
      Agreement&#8221;), with Tribune Broadcasting Company (&#8220;Tribune&#8221;). The Charter
      Agreement provides that Tribune will have the exclusive right and obligation
      to
      transmit The Tube&#8217;s music network via broadcast television from Tribune&#8217;s
      existing and acquired stations in the designated markets specified in the
      Charter Agreement. The Charter Agreement provides the terms and conditions
      of
      broadcasting, as well as the obligations of each of the parties. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the terms of the Charter Agreement, The Tube will pay a portion of its
      advertising revenue and a portion of the revenue that it receives from the
      sale
      of products on The Tube&#8217;s music network to Tribune as compensation, and other
      compensation as described in the Letter Agreement (as defined below). The
      Charter Agreement has an initial term that commences on the effective date
      of
      the Charter Agreement and expires on March 31, 2011. The initial term
      automatically renews for an additional four years if Tribune fails to notify
      The
      Tube of its desire to terminate the Charter Agreement at least six months prior
      to the scheduled expiration date. Tribune may terminate the Charter Agreement
      upon at least 45 days prior written notice to The Tube if The Tube&#8217;s music
      network is being distributed to less than a specified percentage of television
      households or cable households. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      connection with the Charter Agreement, the parties also entered into a letter
      agreement, dated March 6, 2006 (the &#8220;Letter Agreement&#8221;), pursuant to which the
      Company agreed to issue to Tribune (i) within 10 days after the execution of
      the
      Charter Agreement, a common stock purchase warrant to purchase shares of the
      Company&#8217;s common stock, par value $0.0001 per share (the &#8220;Common Stock&#8221;), at an
      exercise price of $2.25 per share, and shares of Common Stock; (ii) upon
      Tribune&#8217;s transmission of The Tube&#8217;s music network to television stations in
      markets that represent 75% of all television households in the markets where
      Tribune owns and/or operates broadcast television stations, a common stock
      purchase warrant to purchase shares of Common Stock at an exercise price of
      $2.50 per share; and (iii) a specified number of shares of Common Stock for
      each
      11,000,000 television households (or pro rata if less than 11,000,000) that
      first receive The Tube&#8217;s music network as a result of a launch of The Tube&#8217;s
      music network on a Tribune television station; provided, however, that
      television households that receive The Tube&#8217;s music network in markets with less
      than 100,000 television households will not be included in the calculation
      of
      television households. The Company granted &#8220;piggyback&#8221; registration rights with
      respect to all of the securities to be issued under the Letter Agreement.
</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: ">2</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Each
      common stock purchase warrant entitles its holder to purchase one share of
      Common Stock for either $2.25 or $2.50 per share, subject to adjustments for
      stock splits, reverse splits and stock dividends. In addition, if the Company
      issues or sells shares of Common Stock in certain subsequent issuances for
      a
      price per share that is less than the applicable exercise price of the common
      stock purchase warrant, the exercise price will be reduced. The exercise price
      of the common stock purchase warrants will also be adjusted if the Company
      issues, sells or grants options, warrants or other securities or rights to
      subscribe to or exercisable for Common Stock in an issuance not specifically
      exempt by the terms of the common stock purchase warrants. The common stock
      purchase warrants may be exercised at any time prior to the earlier of the
      tenth
      anniversary of the issuance of the common stock purchase warrant or the
      termination or expiration of the Charter Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the terms of the Letter Agreement, The Tube agreed that if, in relation
      to
      any third party that owns or operates broadcast television stations and
      distributes The Tube&#8217;s music network, The Tube or the Company provide to such
      third party (i) a greater percentage of the advertising revenue or revenue
      that
      it receives from the sale of products on The Tube&#8217;s music network than that
      provided to Tribune or (ii) equity securities at a ratio more favorable than
      that provided to Tribune for each 11,000,000 television households, The Tube
      will offer such greater percentage or more favorable ratio to Tribune. If the
      granting of such greater percentage or more favorable ratio requires such third
      party to perform any material obligation not being performed by Tribune, then
      Tribune must perform such material obligation in order to receive the greater
      percentage or more favorable ratio.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Letter Agreement grants Tribune the right to attend all meetings of the board
      of
      directors and committees of the board of directors of the Company and The Tube,
      and to receive any information given to the members of the board of directors
      of
      the Company and The Tube. The Company also agreed not to issue any equity in
      The
      Tube (or </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">securities
      convertible into or exchangeable for equity in the Tube) during the term of
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      Charter Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      foregoing brief summary of the Charter Agreement, Letter Agreement and common
      stock purchase warrant is not intended to be complete and is qualified in its
      entirety by reference to the Charter Agreement, Letter Agreement and form of
      common stock purchase warrant, which are attached hereto as Exhibits 10.1,
      10.2
      and 10.5, respectively.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: ">3</font></div>
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          <hr style="COLOR: black" noshade size="2">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      3.02</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Unregistered
      Sales of Equity Securities.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 45pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company agreed to issue shares of Common Stock and common stock purchase
      warrants to purchase shares of Common Stock in connection with the matter
      described above. See the disclosure in Item 1.01 above. The Company granted
      &#8220;piggyback&#8221; registration rights for the shares of Common Stock, common stock
      purchase warrants and shares of Common Stock underlying the common stock
      purchase warrants to be issued. &#160;The Company maintains that the issuance of
      these securities is exempt under the Securities Act of 1933, as amended, in
      reliance upon Regulation D promulgated thereunder as a transaction by an issuer
      not involving a public offering.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      3.03</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 36pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Material
      Modification to Rights of Security Holders.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 45pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the terms of the Letter Agreement, the Company granted Tribune preemptive
      rights with regard to future issuances of equity securities (or securities
      convertible into or exchangeable for equity) of the Company. The Company will
      be
      required to give notice to Tribune if the Company proposes to issue equity
      securities (or securities convertible into or exchangeable for equity) of the
      Company, and Tribune will have the right to purchase the number of such
      securities that would maintain its percentage interest in the Company on the
      same terms and conditions upon which such securities are being issued by the
      Company. The preemptive rights will not apply to issuances of securities (i)
      as
      payment for services when the aggregate amount of all such issuances does not
      exceed 10% of the total number of shares of Common Stock outstanding as of
      the
      date of such issuance and so long as each share is valued at no less than $1.50;
      (ii) to other distributors of The Tube&#8217;s music network when the aggregate amount
      of all such issuances does not exceed a specified number of shares of Common
      Stock; (iii) to satisfy existing obligations of the Company to issue equity,
      which obligations are specified in the Letter Agreement; (iv) pursuant to the
      Company&#8217;s 2004 Stock Option and Stock Incentive Plan or any other equity
      incentive plan approved by the Company&#8217;s stockholders; provided, that the
      maximum number of shares issuable under such plans does not exceed 10% of the
      total number of shares of Common Stock outstanding as of the date such plan
      is
      approved by the Company&#8217;s stockholders; and (v) in connection with a merger or
      consolidation where the Company is the surviving corporation or an acquisition
      of the stock or assets of a third party by the Company. Tribune must notify
      the
      Company of its intent to exercise such preemptive rights in connection with
      any
      issuance within ten days after receiving notice from the Company.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: ">4</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
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      9.01</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Financial
      Statements and Exhibits.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div>
      <div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

              <tr valign="top" style="line-height: 1.25;">
                <td style="width: 36pt;">&#160;</td>
                <td align="left" style="width: 36pt;"><font size="2">(c)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></td>
                <td align="left"><font size="2">Exhibits.</font></td>
              </tr>

          </table>
        </div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

              <tr valign="top" style="line-height: 1.25;">
                <td style="width: 36pt;">&#160;</td>
                <td align="left" style="width: 36pt;">&#160;</td>
                <td align="left">&#160;</td>
              </tr>

          </table>
        </div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

              <tr valign="top" bgcolor="white" style="line-height: 1.25;">
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                <td align="left" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.1</font></td>
                <td align="left">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Charter
                    Affiliation Agreement, dated as of March 6, 2006, by and between
                    The Tube
                    Music Network, Inc. and Tribune Broadcasting Company.
                    </font></div>
                </td>
              </tr>

          </table>
        </div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

              <tr valign="top" style="line-height: 1.25;">
                <td style="width: 36pt;">&#160;</td>
                <td align="left" style="width: 36pt;">&#160;</td>
                <td align="left">&#160;</td>
              </tr>

          </table>
        </div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

              <tr valign="top" bgcolor="white" style="line-height: 1.25;">
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                <td align="left" style="width: 36pt;"><font size="2">10.2&#160;</font></td>
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                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Letter
                    Agreement, dated March 6, 2006, by and among The Tube Media Corp.,
                    The
                    Tube Music Network, Inc. and Tribune Broadcasting Company. (This
                    agreement
                    has been redacted pursuant to a confidential treatment request
                    filed with
                    the Securities and Exchange Commission on the date
                    hereof.)</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

              <tr valign="top" style="line-height: 1.25;">
                <td style="width: 36pt;">&#160;</td>
                <td align="left" style="width: 36pt;">&#160;</td>
                <td align="left">&#160;</td>
              </tr>

          </table>
        </div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

              <tr valign="top" bgcolor="white" style="line-height: 1.25;">
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                <td align="left" style="width: 36pt;"><font size="2">10.3</font></td>
                <td align="left">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Securities
                    Issuance Agreement, dated as of March 6, 2006, by and between
                    The Tube
                    Media Corp. and Tribune Broadcasting Company. (This agreement
                    has been
                    redacted pursuant to a confidential treatment request filed with
                    the
                    Securities and Exchange Commission on the date
                    hereof.)</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

              <tr valign="top" style="line-height: 1.25;">
                <td style="width: 36pt;">&#160;</td>
                <td align="left" style="width: 36pt;">&#160;</td>
                <td align="left">&#160;</td>
              </tr>

          </table>
        </div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

              <tr valign="top" bgcolor="white" style="line-height: 1.25;">
                <td style="width: 36pt;">&#160;</td>
                <td align="left" style="width: 36pt;"><font size="2">10.4</font></td>
                <td align="left">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registration
                    Rights Agreement, dated as of March 6, 2006, by and between The
                    Tube Media
                    Corp. and Tribune Broadcasting
                    Company.</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

              <tr valign="top" style="line-height: 1.25;">
                <td style="width: 36pt;">&#160;</td>
                <td align="left" style="width: 36pt;">&#160;</td>
                <td align="left">&#160;</td>
              </tr>

          </table>
        </div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

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                <td align="left" style="width: 36pt;"><font size="2">10.5</font></td>
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                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Common
                    Stock Purchase Warrant of The Tube Media Corp. issued to Tribune
                    Broadcasting Company. (This document has been redacted pursuant
                    to a
                    confidential treatment request filed with the Securities and
                    Exchange
                    Commission on the date hereof.)</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

              <tr valign="top" style="line-height: 1.25;">
                <td style="width: 36pt;">&#160;</td>
                <td align="left" style="width: 36pt;">&#160;</td>
                <td align="left">&#160;</td>
              </tr>

          </table>
        </div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

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                <td align="left"><font size="2">Press Release dated March 9,
                  2006</font></td>
              </tr>

          </table>
        </div>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div><br>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: ">5</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
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    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Signatures</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities Exchange Act of 1934, the Registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">

          <tr valign="top" bgcolor="#ffffff">
            <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">THE
              TUBE MEDIA
              CORP.</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;John
              W.
              Poling</font></td>
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              Chief Financial Officer</font></td>
          </tr>

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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
WASHINGTON,
      DC 20549
FORM
      8-K
CURRENT
      REPORT PURSUANT
TO
      SECTION 13 OR 15(D) OF THE
SECURITIES
      EXCHANGE ACT OF 1934
Date
      of
      report (Date of earliest event reported):
March
      6, 2006
The
                  Tube Media Corp.
(Exact
                  Name of Registrant as Specified in
                  Its Charter)
Delaware
(State
                  or Other Jurisdiction
of
                  Incorporation)
005-79752
84-1557072
(Commission
                  File Number)
(IRS
                  Employer Identification
                  No.)
1451
                  West Cypress Creek Road, Fort Lauderdale,
                  Florida
33309
(Address
                  of Principal Executive Offices)
(Zip
                  Code)
(954)
                  714-8100
(
Registrant's
                  Telephone Number, Including Area Code)
N/A
(Former
                  Name or Former Address, if Changed Since
                  Last Report)
Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions (
see
General
      Instruction A.2. below):
o
Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)
o
Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
o
Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))
o
Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))
Forward-Looking
      Statements
This
      document may include a number of "forward-looking statements" as that term
      is
      defined in Section 27A of the Securities Act of 1933, as amended, and Section
      21E of the Securities Exchange Act of 1934, as amended. These statements reflect
      management's current views with respect to future events and financial
      performance and include statements regarding management's intent, belief or
      current expectations, which are based upon assumptions about future conditions
      that may prove to be inaccurate. Prospective investors are cautioned that any
      such forward-looking statements are not guarantees of future performance,
      involve risk and uncertainties, and that as a result, actual results may differ
      materially from those contemplated by such forward-looking statements. Such
      risks include, among other things, the volatile and competitive markets in
      which
      we operate, our limited operating history, our limited financial resources,
      our
      ability to manage our growth and the lack of an established trading market
      for
      our securities. When considering forward-looking statements, readers are urged
      to carefully review and consider the various disclosures, including risk factors
      and their cautionary statements, made by us in this document and in our reports
      filed with the Securities and Exchange Commission.
Item
      1.01
Entry
      into a Material Definitive Agreement.
On
      March
      6, 2006, the wholly-owned music television subsidiary of The Tube Media Corp.
      (the "Company"), The Tube Music Network, Inc. ("The Tube"), entered into a
      charter affiliate affiliation agreement, dated as of March 6, 2006 (the "Charter
      Agreement"), with Tribune Broadcasting Company ("Tribune"). The Charter
      Agreement provides that Tribune will have the exclusive right and obligation
      to
      transmit The Tube's music network via broadcast television from Tribune's
      existing and acquired stations in the designated markets specified in the
      Charter Agreement. The Charter Agreement provides the terms and conditions
      of
      broadcasting, as well as the obligations of each of the parties.
Pursuant
      to the terms of the Charter Agreement, The Tube will pay a portion of its
      advertising revenue and a portion of the revenue that it receives from the
      sale
      of products on The Tube's music network to Tribune as compensation, and other
      compensation as described in the Letter Agreement (as defined below). The
      Charter Agreement has an initial term that commences on the effective date
      of
      the Charter Agreement and expires on March 31, 2011. The initial term
      automatically renews for an additional four years if Tribune fails to notify
      The
      Tube of its desire to terminate the Charter Agreement at least six months prior
      to the scheduled expiration date. Tribune may terminate the Charter Agreement
      upon at least 45 days prior written notice to The Tube if The Tube's music
      network is being distributed to less than a specified percentage of television
      households or cable households.
In
      connection with the Charter Agreement, the parties also entered into a letter
      agreement, dated March 6, 2006 (the "Letter Agreement"), pursuant to which the
      Company agreed to issue to Tribune (i) within 10 days after the execution of
      the
      Charter Agreement, a common stock purchase warrant to purchase shares of the
      Company's common stock, par value $0.0001 per share (the "Common Stock"), at an
      exercise price of $2.25 per share, and shares of Common Stock; (ii) upon
      Tribune's transmission of The Tube's music network to television stations in
      markets that represent 75% of all television households in the markets where
      Tribune owns and/or operates broadcast television stations, a common stock
      purchase warrant to purchase shares of Common Stock at an exercise price of
      $2.50 per share; and (iii) a specified number of shares of Common Stock for
      each
      11,000,000 television households (or pro rata if less than 11,000,000) that
      first receive The Tube's music network as a result of a launch of The Tube's
      music network on a Tribune television station; provided, however, that
      television households that receive The Tube's music network in markets with less
      than 100,000 television households will not be included in the calculation
      of
      television households. The Company granted "piggyback" registration rights with
      respect to all of the securities to be issued under the Letter Agreement.
2
Each
      common stock purchase warrant entitles its holder to purchase one share of
      Common Stock for either $2.25 or $2.50 per share, subject to adjustments for
      stock splits, reverse splits and stock dividends. In addition, if the Company
      issues or sells shares of Common Stock in certain subsequent issuances for
      a
      price per share that is less than the applicable exercise price of the common
      stock purchase warrant, the exercise price will be reduced. The exercise price
      of the common stock purchase warrants will also be adjusted if the Company
      issues, sells or grants options, warrants or other securities or rights to
      subscribe to or exercisable for Common Stock in an issuance not specifically
      exempt by the terms of the common stock purchase warrants. The common stock
      purchase warrants may be exercised at any time prior to the earlier of the
      tenth
      anniversary of the issuance of the common stock purchase warrant or the
      termination or expiration of the Charter Agreement.
Pursuant
      to the terms of the Letter Agreement, The Tube agreed that if, in relation
      to
      any third party that owns or operates broadcast television stations and
      distributes The Tube's music network, The Tube or the Company provide to such
      third party (i) a greater percentage of the advertising revenue or revenue
      that
      it receives from the sale of products on The Tube's music network than that
      provided to Tribune or (ii) equity securities at a ratio more favorable than
      that provided to Tribune for each 11,000,000 television households, The Tube
      will offer such greater percentage or more favorable ratio to Tribune. If the
      granting of such greater percentage or more favorable ratio requires such third
      party to perform any material obligation not being performed by Tribune, then
      Tribune must perform such material obligation in order to receive the greater
      percentage or more favorable ratio.
The
      Letter Agreement grants Tribune the right to attend all meetings of the board
      of
      directors and committees of the board of directors of the Company and The Tube,
      and to receive any information given to the members of the board of directors
      of
      the Company and The Tube. The Company also agreed not to issue any equity in
      The
      Tube (or
securities
      convertible into or exchangeable for equity in the Tube) during the term of
      the
      Charter Agreement.
The
      foregoing brief summary of the Charter Agreement, Letter Agreement and common
      stock purchase warrant is not intended to be complete and is qualified in its
      entirety by reference to the Charter Agreement, Letter Agreement and form of
      common stock purchase warrant, which are attached hereto as Exhibits 10.1,
      10.2
      and 10.5, respectively.
3
Item
      3.02
Unregistered
      Sales of Equity Securities.
The
      Company agreed to issue shares of Common Stock and common stock purchase
      warrants to purchase shares of Common Stock in connection with the matter
      described above. See the disclosure in Item 1.01 above. The Company granted
      "piggyback" registration rights for the shares of Common Stock, common stock
      purchase warrants and shares of Common Stock underlying the common stock
      purchase warrants to be issued.  The Company maintains that the issuance of
      these securities is exempt under the Securities Act of 1933, as amended, in
      reliance upon Regulation D promulgated thereunder as a transaction by an issuer
      not involving a public offering.
Item
      3.03
Material
      Modification to Rights of Security Holders.
Pursuant
      to the terms of the Letter Agreement, the Company granted Tribune preemptive
      rights with regard to future issuances of equity securities (or securities
      convertible into or exchangeable for equity) of the Company. The Company will
      be
      required to give notice to Tribune if the Company proposes to issue equity
      securities (or securities convertible into or exchangeable for equity) of the
      Company, and Tribune will have the right to purchase the number of such
      securities that would maintain its percentage interest in the Company on the
      same terms and conditions upon which such securities are being issued by the
      Company. The preemptive rights will not apply to issuances of securities (i)
      as
      payment for services when the aggregate amount of all such issuances does not
      exceed 10% of the total number of shares of Common Stock outstanding as of
      the
      date of such issuance and so long as each share is valued at no less than $1.50;
      (ii) to other distributors of The Tube's music network when the aggregate amount
      of all such issuances does not exceed a specified number of shares of Common
      Stock; (iii) to satisfy existing obligations of the Company to issue equity,
      which obligations are specified in the Letter Agreement; (iv) pursuant to the
      Company's 2004 Stock Option and Stock Incentive Plan or any other equity
      incentive plan approved by the Company's stockholders; provided, that the
      maximum number of shares issuable under such plans does not exceed 10% of the
      total number of shares of Common Stock outstanding as of the date such plan
      is
      approved by the Company's stockholders; and (v) in connection with a merger or
      consolidation where the Company is the surviving corporation or an acquisition
      of the stock or assets of a third party by the Company. Tribune must notify
      the
      Company of its intent to exercise such preemptive rights in connection with
      any
      issuance within ten days after receiving notice from the Company.
4
Item
      9.01
Financial
      Statements and Exhibits.
(c)
Exhibits.
10.1
Charter
                    Affiliation Agreement, dated as of March 6, 2006, by and between
                    The Tube
                    Music Network, Inc. and Tribune Broadcasting Company.
10.2
Letter
                    Agreement, dated March 6, 2006, by and among The Tube Media Corp.,
                    The
                    Tube Music Network, Inc. and Tribune Broadcasting Company. (This
                    agreement
                    has been redacted pursuant to a confidential treatment request
                    filed with
                    the Securities and Exchange Commission on the date
                    hereof.)
10.3
Securities
                    Issuance Agreement, dated as of March 6, 2006, by and between
                    The Tube
                    Media Corp. and Tribune Broadcasting Company. (This agreement
                    has been
                    redacted pursuant to a confidential treatment request filed with
                    the
                    Securities and Exchange Commission on the date
                    hereof.)
10.4
Registration
                    Rights Agreement, dated as of March 6, 2006, by and between The
                    Tube Media
                    Corp. and Tribune Broadcasting
                    Company.
10.5
Common
                    Stock Purchase Warrant of The Tube Media Corp. issued to Tribune
                    Broadcasting Company. (This document has been redacted pursuant
                    to a
                    confidential treatment request filed with the Securities and
                    Exchange
                    Commission on the date hereof.)
99.1
Press Release dated March 9,
                  2006
5
Signatures
Pursuant
      to the requirements of the Securities Exchange Act of 1934, the Registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized.
Dated:
March
              10, 2006
THE
              TUBE MEDIA
              CORP.
By:
/s/ John
              W.
              Poling
Name:
              John W. Poling
Title:
              Chief Financial Officer