On November 18, 2005, Curtis J. Parker, Executive Vice President and Chief Financial Officer left Watchit Media Inc. (formerly, Cotelligent, Inc.) (the “Company”). John C. Dong (age 52) replaced Mr. Parker, joining the Company as interim Chief Financial Officer effective on November 18, 2005. For 15 of the past 27 years prior to joining the Company, Mr. Dong founded and grew a consulting firm specializing in acquisitions, turnarounds, IPOs and divestitures. Mr. Dong’s experience includes financial services, as well as high tech development firms, venture capital, Bio-Tech and media delivery and entertainment. Prior to starting his consulting firm, Mr. Dong spent seven years as a senior internal consultant with Wells Fargo Bank and led the IPO effort for San Francisco Federal Savings. Most recently he led the Sarbanes-Oxley compliance team for Cell Genesys (NASDAQ: CEGE), a bio-tech firm focused on the development and commercialization of novel biological therapies for patients with cancer. Prior to that, he was CFO of BriteSmile Inc. a global leader in teeth whitening (NASDAQ: BSML), and prior thereto was the Chief Financial Officer of DV Capital, a diversified venture capital firm. Mr. Dong graduated from the University of California at Berkeley with a Bachelors Degree in Accounting and Finance. Mr. Dong also holds an MBA and earned his CPA credentials with Coopers & Lybrand, Int’l. Mr. Dong’s tenure as interim Chief Financial Officer is subject to a Consulting Services Agreement, dated November 4, 2005, between the Company and Bridges SF, LLC, pursuant to which Mr. Dong serves as an independent contractor to the Company through his employer Bridges SF, LLC. The Company pays for Mr. Dong’s services at a rate of $150.00 per hour. The Consulting Services Agreement may be terminated by either party at any time on 30 days written notice. Should the Company decide, with the consent of Bridges SF, LLC, to hire Mr. Dong as a permanent employee, the Company may be required to pay a fee to Bridges SF, LLC of up to 25% of Mr. Dong’s annual base salary, depending on the timing of such decision.

On December 8, 2005, the Company was issued a new ticker symbol (OTCBB: WMDA) to reflect the Company’s change of name from Cotelligent, Inc. to Watchit Media, Inc. The change of name was effected pursuant to a Certificate of Merger, filed with the Secretary of State of the State of Delaware, merging the wholly-owned subsidiary Watchit Media, Inc. into Cotelligent, Inc., with the surviving entity taking the name Watchit Media, Inc. A copy of the Certificate of Ownership and Merger is attached as Exhibit 99.1.

(c) Exhibits

Signature

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: December 16, 2005

Exhibit Index