JAG Media Holdings, Inc. provides financial and investment information through facsimile transmissions and a Web site. Its Web site, jagnotes.com, consists of a subscription-based service that offers two products, the JAGNotes (Upgrade/Downgrade) Report and the Rumor Room. The JAGNotes (Upgrade/Downgrade) Report is a daily consolidated investment report that summarizes newly issued research, analyst opinions, upgrades, downgrades, and analyst coverage changes from various investment banks and brokerage houses. The Rumor Room provides rumors, which are updated throughout the day, about various stocks. The company also develops Pixaya Mobile, which delivers on-demand video/audio clips and...