UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): August ~~September 2~~26, 2009

LEGEND MEDIA, INC.

(Exact name of Registrant as specified in its charter)

Nevada	333-138479	87-0602435
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

9663 Santa Monica Blvd. #952
Room 609, Gehua Tower A Qinglong Hutong Building No. 1
Beverly Hills, CA	90210
Beijing, People’s Republic of China	100007
(Address of Principal Executive Offices)	(Zip Code)

(~~310~~86-10) ~~933-6050~~8418 7177

(Registrant's telephone number, including area code)

9663 Santa Monica Blvd. #952

Beverly Hills, CA, 90210

(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~~ General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1 5.~~01 Entries~~02 ~~into~~ Departure of Directors or Certain ~~Material Agreements~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

~~Considering~~Resignation the potential business opportunities available and the likelihood that certain radio business would continue to cause negative cash flow in the near future due to the global economic depression, the management believe that it’s for the best interest of the Company to restructure its current business assets and formulate a tailored business plan in response to the global and domestic economic changes, including (i) the disposal of FM90.5 and FM107.1 radio business and (ii) the assignment of FM92.5 and FM95.5 radio business to BJ YSLD (as defined below).Director

1Effective as of August 26, 2009, Michael Bonner and Andre Nair resigned from the board of directors (the “Board”) of Legend Media, Inc. (the "Company"). Both ~~Termination~~Mr. ~~Agreement~~Bonner ~~with~~and ~~respect~~Mr. Nair are departing for personal reasons that make it difficult for them to be frequently available in Beijing, China to effectively serve on the ~~Radio~~Board. Mr. ~~Frequency~~Bonner ~~FM90~~and Mr.5 Nair have served on the Board since February 13, 2008 and April 10, 2008, ~~FM107~~respectively.1

~~On July~~Appointment ~~20, 2009, Beijing Maihesi International Advertising Co., Ltd. ("Maihesi"), a company organized in the People’s Republic~~ of ~~China~~New and an affiliate of Legend Media, Inc. (the "Company"), entered into an agreement (the “Termination Agreement”) with Beijing Guoguang Guangrong Advertising Co., Ltd. (“Guoguang”), pursuant to which Maihesi and Guoguang agreed to terminate (i) the Exclusive Advertising Rights Agreement dated May 5, 2008 by and between Maihesi and Guoguang, under which Maihesi was originally granted the exclusive right to market and sell all broadcast advertising in connection with the frequency FM90.5 of China Radio International in Beijing (the “Beijing Agency Agreement”), and (ii) the Exclusive Advertising Rights Agreement dated August 4, 2008 by and between Maihesi and Guoguang, under which Maihesi was originally granted the exclusive right to market and sell all broadcast advertising in connection with the frequency FM107.1 of China Radio International in Shenzhen (the “Shenzhen Agency Agreement”, collectively with the Beijing Agency Agreement, the “Agency Agreements”).Director

~~According to~~On ~~the Termination Agreement, (i) Maihesi or its affiliate shall pay Guoguang~~August ~~RMB1~~26,~~150,000~~ ~~(which~~2009, ~~as of~~ the ~~date~~Board ~~hereof,~~elected ~~equal~~Mr. toJulien ~~approximately~~Moulin ~~USD168,335) on or prior~~ to ~~July 21, 2009 as compensation for~~ the ~~early~~Board ~~termination of the Beijing Agency Agreement, (ii) Maihesi agrees~~ to ~~forsake~~fill ~~the~~a ~~deposits in the~~vacancy ~~amount~~created ofby ~~RMB2,760,000 and RMB1,050,000 under~~ the ~~Beijing~~resignation ~~Agency Agreement and Shenzhen Agency Agreement, respectively (which, as~~ of ~~the~~Michael ~~date~~Bonner. Mr. ~~hereof,~~Moulin ~~equal~~is toa ~~approximately~~Managing ~~USD404,005 and~~Partner ~~153,698 respectively), (iii) Guoguang agrees to forsake the accrued cost for the advertising minutes payable to Guoguang (approximately RMB3,415,399.98, which, as~~ of ~~the~~Maoming ~~date~~Investment ~~hereof~~Fund, ~~equal~~a ~~to approximately~~large ~~USD499,941),~~shareholder ~~and~~of ~~(iv) both Maihesi and Guoguang agree to waive any claims and refrain from initiating any legal proceedings against~~ the ~~other party~~ ~~arising from or in connection with the terminated Agency Agreements~~Company. ~~In addition, the Termination Agreement contains other covenants, agreements and default and confidentiality provisions that the reader is encouraged to review.~~

2Mr. ~~Business~~ ~~Assignment~~Moulin, ~~with~~age ~~respect~~31, tois ~~the~~co-Founder ~~Radio~~of ~~Frequency~~Maoming ~~FM95~~Investment Manager Ltd.5, an investment management company investing globally in listed and ~~FM92~~unlisted companies with a significant focus on Chinese companies.5 He has served as Managing Partner of Maoming Investment Manager Ltd. since February 2006.

~~Atis (as~~From ~~defined~~October ~~below)~~2004 ~~used~~ to ~~have~~December ~~existing~~2007, ~~agreements~~Mr. ~~with~~Moulin ~~Tianjin~~was ~~Yinse~~the ~~Lingdong Advertising~~investment ~~Co.,~~adviser ~~Ltd.~~of ~~("TJ~~the Global ~~YSLD")~~China Fund, a ~~company~~European-based ~~organized~~investment infund ~~the~~focusing ~~People’s~~on ~~Republic~~identifying ofundervalued ~~China~~Chinese ~~and~~companies. From anSeptember ~~affiliate~~2003 ofto ~~the~~June ~~Company~~2004, ~~with~~Mr. Moulin ~~respect~~was toan ~~the~~Investment ~~exclusive~~Manager ~~right~~at ~~to market~~SKI ~~and~~Capital, ~~sell~~a ~~all~~London-based ~~broadcast~~market ~~advertising~~neutral fund. inFrom ~~connection~~May ~~with~~2002 ~~the~~to ~~frequency FM92.5~~September ~~and~~2003, ~~FM95~~Mr.5 ofMoulin ~~China~~was ~~National~~an ~~Radio~~Investment ~~Station~~Analyst ~~Music~~at UBS ~~Radio~~Global Asset Management in ~~Tianjin~~charge ~~and~~of ~~Xi’ an,~~the ~~respectively~~European telecom sector. Mr. ToMoulin ~~optimize~~holds ~~the~~a ~~operations~~BA ofin ~~the~~Economics ~~Company~~ and ~~save~~Business Sciences from ~~administrative~~Sorbonne ~~expenses,~~University ~~the~~and ~~management~~a ~~determines~~Master toDegree ~~cause~~in ~~such~~Asset ~~agreements~~Management beand financial ~~assigned~~markets tofrom BJthe ~~YSLD~~University of Paris-Dauphine.

~~Beijing Yinse Lingdong Advertising Co~~Mr.~~, Ltd. ("BJ YSLD"), a company organized in the~~ ~~People’s~~Moulin ~~Republic~~currently ofdoes ~~China~~not ~~and~~hold anany ~~affiliate~~other ofdirectorship ~~the Company, entered into a cooperation agreement (the “FM95.5 Agency Agreement”) with Beijing Atis Advertising Co., Ltd. (“Atis”), a company organized~~ in ~~the~~any ~~People’s~~other ~~Republic of China, pursuant to which (i) BJ YSLD is granted exclusive right~~reporting ~~to market and sell all broadcast advertising in connection with the frequency FM95~~company.5 of China National Radio Station Music Radio in Xi’an for a term commencing from June 16, 2009 and ending on December 31, 2010; (ii) the annual cost for the advertising minutes in the year of 2009 and 2010 is RMB595,835 and RMB1 Mr.1 ~~million~~Moulin ~~respectively (which, as of the date hereof, equal to approximately USD87,217 and USD161,016, respectively); (iii) BJ YSLD~~ has ~~the~~not ~~right of first refusal to renew~~been ~~the~~appointed ~~FM 95.5 Agency Agreement upon expiration; and (iv) BJ YSLD is required~~ to ~~deposit RMB356,667~~any ~~(which,~~committee as of the ~~date hereof, equal to approximately USD52,208). In~~ ~~addition,~~Company's ~~the FM95~~Board.~~5 Agency Agreement contains other covenants, agreements and default and confidentiality provisions that the reader is encouraged to review.~~

~~BJ YSLD~~Resignation ~~entered into a cooperation agreement (the “FM92.5 Agency Agreement”) with Atis, pursuant to which (i) BJ YSLD is granted exclusive right to market~~ and ~~sell~~ ~~all~~Appointment ~~broadcast advertising in connection with the frequency FM92.5~~ of China National Radio Station Music Radio in Tianjin for a term commencing from June 15, 2009 and ending on December 31, 2010; (ii) the 12-month period cost for advertising minutes is RMB2.5 million (which, as of the date hereof, equal to approximately USD365,946); (iii) BJ YSLD has the right of first refusal to renew the FM 92.5 Agency Agreement upon expiration; and (iv) BJ YSLD is required to deposit RMB500,000 (which, as of the date hereof, equal to approximately USD73,189). In addition, the FM92.5 Agency Agreement contains other covenants, agreements and default and confidentiality provisions that the reader is encouraged to review.Officers

~~The foregoing~~On ~~descriptions~~November of28, 2008, the ~~Termination~~Company entered into and closed an Acquisition Agreement, (the ~~FM92.5~~"Music ~~Agency~~Radio Acquisition Agreement") with Well Chance Investments Limited, its wholly owned subsidiary and a British Virgin Islands company (the FM"Subsidiary"), ~~95.5~~Music ~~Agency~~Radio ~~Agreement~~Limited, ~~are~~a British ~~qualified~~Virgin inIslands ~~their~~company ~~entirety~~("Music byRadio") ~~reference~~and toMusic Radio's two stockholders, Baochun Ju and Xue Wei (the ~~complete~~"Music ~~documents~~Radio Shareholders"). Pursuant to the Music Radio Acquisition Agreement, ~~copies~~Jeffrey ofDash ~~which~~agreed ~~are~~to ~~filed~~resign as ~~Exhibit~~the Company's ~~10.1,~~Chief ~~10.2~~Executive Officer and ~~10.3 and~~ ~~are~~the ~~incorporated~~Company ~~herein~~agreed byto ~~reference~~appoint Ju Baochun as his replacement.

~~Item~~In ~~2.01~~accordance ~~Completion~~with the terms of the Music Radio Acquisition orAgreement, effective as of August 26, ~~Disposition~~2009, Mr. Dash resigned as Chief Executive Officer but will continue to serve as Chief Financial Officer of ~~Assets~~the Company. No terms of his current employment are impacted; however, the Board will be reviewing senior management compensation and entering into new agreements with key personnel in the near future.

~~The~~Effective as of August 26, 2009 ~~disclosure~~and ~~set~~upon ~~forth~~Mr. ~~under~~Dash’s ~~Item~~resignation 1as Chief Executive Officer, the Board appointed Mr.01 Ju Chairman and Chief Executive Officer of ~~this~~the ~~Current~~Company. Mr. ~~Report~~Ju, 38, has spent over 11 years working in China’s advertising industry. Since 2005, Mr. Ju has focused nearly all of his attention on ~~Form~~the ~~8-K~~radio advertising and airline magazine sectors. Mr. Ju is the ~~incorporated~~founder ~~here~~and CEO of Music Radio. Mr. Ju is the beneficial owner of a majority of the Company's issued and outstanding common stock as a result of the transactions described below. Since 2001, Mr. Ju has been self-employed and has owned various advertising companies in byChina, ~~reference~~four of which are affiliates of the Company. Three of the four, Tianjing Yinse Lingdong Advertising Co., Ltd., Beijing Mahesi Advertising Co., Ltd and Beijing Yinse Lingdong Advertising Co., Ltd., are operating affiliates of the Company, and the fourth, Beijing Hongtenglianguang Advertising Co., Ltd, provides services to the Company.

~~Item~~The 8Board is preparing a compensation plan for Mr.~~01 Other~~ Ju. At this time, Mr. Ju is not being ~~Events~~compensated as the CEO of the Company, but will be presented a compensation package in the future.

~~Upon the~~Related ~~termination~~Party of Agency Agreements and the said assignments, neither Maihesi nor TJ YSLD has any substantial business left. To optimize the business operations and save administrative expenses, the Company has terminated the related VIE agreements on August 15, 2009 and intends to dissolve Legend Media (Beijing) Consulting Co., Ltd. in due course, which is a party to the said VIE agreements with TJ YSLD. The management is in the process of completing the said dissolution.Transactions

~~The information~~Pursuant ~~contained~~to inthe ~~this~~Music ~~Item~~Radio ~~8.01~~Acquisition Agreement, ~~shall~~the ~~not~~Company beacquired ~~deemed~~control ~~“filed”~~over ~~for~~an ~~purposes~~airline advertising business of(the ~~Section~~"Music 18Radio ofAcquisition"). ~~the~~As ~~Securities~~consideration ~~Exchange~~for ~~Act~~the ofMusic ~~1934~~Radio Acquisition, asthe ~~amended~~Company ~~(the~~issued ~~“Exchange Act”)~~5,033,680 ~~nor~~shares ~~shall~~of itits benewly-created ~~deemed~~Series ~~incorporated~~B Convertible byPreferred ~~reference~~Stock into ~~any~~Music ~~filing~~Radio ~~under~~and ~~the~~two warrants to purchase an ~~Exchange~~aggregate ~~Act~~of 10,000,000 ~~except~~shares asof ~~shall~~the beCompany's ~~expressly~~common ~~set~~stock ~~forth~~to byMr. ~~specific~~Ju, ~~reference~~with inan ~~such~~aggregate ~~filing~~value of $55,731,459, all of which is attributable to Mr. Ju.

~~Item~~As 9a condition to closing, Legend Media (Beijing) Information and Technology Co.01, ~~Financial~~Ltd., ~~Statement~~an indirect, wholly owned subsidiary of the Company incorporated in the People's Republic of China (the "Consulting Entity"), entered into an Exclusive Technical, Operational, Business Consulting and Services Agreement (the "Services Agreement") with Beijing ~~Exhibits~~Yinselingdong Advertising Co., Ltd., a company incorporated in the People's Republic of China and owned by Xue Wei and Ju Bingzhen, the father of Mr. Ju, and the ultimate target of the Music Radio Acquisition (the "Target"). The Consulting Entity also entered into an Operating Agreement with the Target, Ju Bingzhen and Xue Wei to secure the performance of the parties' obligations under the Services Agreement.

~~Pursuant~~On July 21, 2008, the Company closed a transaction pursuant to which the ~~disposal~~Subsidiary purchased 100% of ~~FM90.5~~the ~~and~~common ~~FM107.1~~stock of ~~radio~~News ~~advertising~~Radio ~~assets~~Limited ("News Radio"), a British Virgin Islands company (the "News ~~Company~~Radio ~~has~~Acquisition"). The News Radio Acquisition occurred pursuant to the terms of a Share Purchase Agreement (ithe "News Radio Purchase Agreement") ~~incurred~~that the anCompany ~~additional~~entered ~~payment~~into ~~obligation~~on inJune 4, 2008 with the ~~amount~~Subsidiary ofand ~~RMB1,150,000;~~Mr. Ju and Xue Wei, the shareholders of News Radio (iithe "News Radio Shareholders"). ~~forsaken~~As consideration for the ~~deposits~~News inRadio Acquisition, the ~~amount~~Company issued an aggregate of 104,427 ~~RMB2~~shares of its common stock to the News Radio Shareholders and cash for an aggregate value of $1,~~760~~016,~~000~~206, ~~and~~all ~~RMB1~~of which is attributable to Mr. Ju. Additionally,~~050~~ the News Radio Shareholders shall receive additional,~~000~~ ~~respectively;~~performance-based consideration (~~iii~~"Performance-Based Consideration") ~~been~~within ~~forgiven~~30 days ~~for~~after the ~~accrued~~determination ~~cost~~of ~~for~~the ~~advertising~~related ~~minutes approximately~~net ~~RMB3,415,399.98~~revenue and ~~(iv)~~net ~~written~~income ~~off~~for the years ~~goodwill~~2008, ~~(approximately USD1.1~~2009 ~~million~~and ~~reflected~~2010, respectively, based on the ~~current~~net ~~financial~~revenues ~~statements) to~~and ~~comply~~net ~~with~~income ~~generally~~for ~~accepted~~such ~~accounting~~periods ~~principles.~~of AsBeijing ofMaihesi ~~the~~Advertising ~~date~~International ~~hereof~~Co., ~~the~~Ltd. ~~Company~~(the ~~has~~"Advertising ~~approximately~~Entity"), ~~USD1.05~~a ~~million~~company ~~outstanding~~limited ~~purchase~~by ~~price~~shares, organized in the ~~connection~~People's ~~with~~Republic ~~certain~~of ~~acquisitions payable~~China toand Mrwholly owned by the News Radio Shareholders. ~~Baochun~~For Juyear end 2008, the News Radio Shareholders received no Performance-Based Consideration.

~~Although~~In connection with the News Radio ~~inherently~~Acquisition, ~~speculative~~CRI ~~and~~News ~~not~~Radio toLimited, bea ~~relied~~Hong ~~upon~~Kong atcompany wholly owned by News Radio, through it subsidiary, the ~~time~~Consulting ofEntity, ~~their~~entered ~~original~~into an Exclusive ~~issuance~~Technical, ~~all~~Operational, ~~previously~~Business ~~announced~~Consulting ~~financial~~and ~~guidance~~Services Agreement (the "News Radio Services Agreement") with the Advertising Entity and ~~projections~~the ~~are~~News ~~hereby~~Radio ~~withdrawn~~Shareholders aspursuant to which the ~~Company~~Consulting ~~believes~~Entity ~~they~~became ~~may~~the ~~not~~exclusive provider beof ~~accurate~~technical, oroperational, ~~achievable~~business ~~based~~consulting and other services to ~~upon~~the ~~recent~~Advertising ~~developments~~Entity in exchange for a service fee and bonus. ~~The~~None ~~Company~~of ~~intends~~these amounts are attributable to ~~issue~~Mr. ~~revised~~Ju ~~guidance~~nor are monies due him related to this. The Consulting Entity also entered into an Operating Agreement with the Advertising Entity and the News Radio Shareholders to secure the performance of the parties' ~~projections~~obligations inunder the ~~near~~News ~~future~~Radio Service Agreement.

(d) Exhibits.

Exhibit #		Description
10.1		Termination Agreement
10.2		FM 92.5 Agency Agreement
10.3		FM 95.5 Agency Agreement

* Incorporated herein by reference to the Company's Current Report on Form 8-K filed with the SEC on September 2, 2009.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	LEGEND MEDIA, INC.
Date:September 2, 2009	By:	/s/ Baochun Ju
Date: September 8, 2009	By:	/s/ BaoChun Ju
		Baochun Ju
		BaoChun Ju
		Chief Executive Officer

Filing Compare · Holistic Asset Finance Group Co., Ltd.