**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


Washington,
      D.C. 20549





**FORM
      10-QSB**




(Mark
      One)





ý
            **QUARTERLY
                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
                1934**





For
      the
      quarterly period ended March 31, 2007





 ̈
            **TRANSITION
                REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT**





For
      the
      transition period from________ to ___________





Commission
      File No. 333-105840








**MEDICAL
      MEDIA TELEVISION, INC.**


(Exact
      Name of Small Business Issuer as Specified in Its Charter)








**Florida**
            **59-3645932**(State
                or Other Jurisdiction of Incorporation or Organization)
            (I.R.S.
                Employer Identification No.)





**8406
      Benjamin Road, Suite C**


**Tampa,
      Florida 33634**


(Address
      of Principal Executive Offices)








**(813)
      888-7330**


(Issuer’s
      Telephone Number)








(Former
      Name, Former Address and Former Fiscal Year, if Changed Since Last
      Report)





Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Exchange Act during the past 12 months (or for such shorter period
      that the registrant was required to file such reports), and (2) has been subject
      to such filing requirements for the past 90 days.


Yes x No o




Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act).


Yes o No x




The
      number of shares outstanding of the Registrant’s common stock as of May 15, 2007
      was 56,797,389.





Transitional
      Small Business Disclosure Format:


Yes o  No
x








**PART
      I - FINANCIAL INFORMATION**





**Item
              1.**
            **Financial
                Statements.**





In
      the
      opinion of management, the accompanying unaudited consolidated financial
      statements included in this Form 10-QSB reflect all adjustments (consisting
      only
      of normal recurring accruals) necessary for a fair presentation of the results
      of operations for the periods presented. The results of operations for the
      periods presented are not necessarily indicative of the results to be expected
      for the full year. ****








Unaudited
                Consolidated Balance Sheet as of March 31, 2007
            3Unaudited
                Consolidated Statements of Operations for the three months
                endedMarch
                31, 2007 and 2006, and from inception (October 2, 1989) through March
                31,
                2007
            4Unaudited
                Consolidated Statements of Changes in Stockholders’ Equity from
                inception(October
                2, 1989) through March 31, 2007
            5-6Unaudited
                Consolidated Statements of Cash Flows for the three months
                endedMarch
                31, 2007 and 2006, and from inception (October 2, 1989) through March
                31,
                2007
            7Notes
                to the Consolidated Financial Statements
            F8-F17








2


MEDICAL
        MEDIA TELEVISION, INC.
 (A
          DEVELOPMENT STAGE COMPANY)
 CONSOLIDATED
            BALANCE SHEET
 (UNAUDITED)
 March
                  31,2007ASSETSCurrent
                  assets:Cash
              
              $
              51,622Accounts
                  receivable
              
              
              11,656Prepaid
                  expenses and other current assets
              
              
              32,882Total
                  current assets
              
              
              96,160Fixed
                  assets:Computer
                  equipment
              
              
              18,473Leasehold
                  improvements
              
              
              6,19624,669Less
                  accumulated depreciation
              
              
              (18,656
              )6,013Other
                  assets:Intangible
                  assets
              
              
              201,042Security
                  deposits
              
              
              7,731Total
                  other assets
              
              
              208,773Total
                  assets
              
              $
              310,946LIABILITIES
                  AND STOCKHOLDERS' DEFICITCurrent
                  liabilities:Accounts
                  payable
              
              $
              226,438Accrued
                  expenses and other current liabilities
              
              
              1,036,348Deferred
                  revenue
              
              
              27,844Notes
                  payable
              
              
              312,000Notes
                  payable to stockholders
              
              
              2,121,999Total
                  current liabilities
              
              
              3,724,629Long-term
                  liabilitiesNotes
                  payable
              
              
              450,000Notes
                  payable to stockholder
              
              
              1,244,123Deferred
                  revenue
              
              
              6,072Commitments
                  and contingencies
              
              
              -Total
                  long-term liabilities
              
              
              1,700,195Total
                  liabilities
              
              
              5,424,824Stockholders'
                  deficit:Preferred
                  stock - stated value $1.00; 25,000,000 shares authorized;1,682,044
                  Series A Zero Coupon, shares issued and outstanding,2,612,329
                  Series B Zero Coupon, shares issued and outstanding,and
                  32,238 Series C Zero Coupon, shares issued and outstanding
              
              
              4,326,611****Common
                  stock - par value $.0005; 250,000,000 shares authorized;46,121,302
                  and 21,121,302 shares issued and outstanding atMarch
                  31, 2007 and December 31, 2006 respectively
              
              
              23,061Additional
                  paid-in capital
              
              
              1,458,535Accumulated
                  deficit during development stage
              
              
              (10,922,085
              )Total
                  stockholders' deficit
              
              
              (5,113,878
              )Total
                  liabilities and stockholders' deficit
              
              $
              310,946
  The
          accompanying Notes to Consolidated Financial Statements are an integral
          part of
          these financial statements.
 3
 MEDICAL
          MEDIA TELEVISION, INC.
 (A
          DEVELOPMENT STAGE COMPANY)
 CONSOLIDATED
          STATEMENTS OF OPERATIONS
 FOR
          THE
          THREE MONTHS ENDED MARCH 31, 2007 AND 2006
 FROM
          INCEPTION (OCTOBER 2, 1989) to MARCH 31, 2007
 (UNAUDITED)
  FromInception
                    toMarch
                    31,
                
                March
                    31,2007
                
                2006
                
                2007Revenues,
                    net
                
                $
                38,269
                
                $
                55,120
                
                $
                610,535Cost
                    of revenues
                
                
                61,406
                
                
                77,954
                
                
                969,865Gross
                    profit
                
                
                (23,137
                )
                
                (22,834
                )
                
                (359,330
                )Operating
                    expenses:General
                    and administration
                
                
                183,048
                
                
                380,375
                
                
                4,622,863Sales
                    and marketing
                
                
                54,885
                
                
                362,569
                
                
                2,879,270Depreciation
                    and amortization
                
                
                21,004
                
                
                21,654
                
                
                262,705Total
                    operating expense
                
                
                258,937
                
                
                764,598
                
                
                7,764,838Operating
                    loss
                
                
                (282,074
                )
                
                (787,432
                )
                
                (8,124,168
                )Other
                    income and (expense)Interest
                    expense
                
                
                (145,383
                )
                
                (86,337
                )
                
                (1,544,637
                )Interest
                    income
                
                
                -
                
                
                104
                
                
                2,040Other
                    income
                
                
                10,687
                
                
                489
                
                
                13,615Disposal
                    of fixed assets
                
                
                -
                
                
                -
                
                
                (1,723
                )Impairment
                    of goodwill
                
                
                -
                
                
                -
                
                
                (1,271,037
                )Gain
                    on sale of subsidiary
                
                
                -
                
                
                -
                
                
                2,421Total
                    other income (expense)
                
                
                (134,696
                )
                
                (85,744
                )
                
                (2,799,321
                )Loss
                    before extraordinary items
                
                
                (416,770
                )
                
                (873,176
                )
                
                (10,923,489
                )Gain
                    on extinguishment of debt
                
                
                -
                
                
                -
                
                
                1,404Loss
                    before taxes
                
                
                (416,770
                )
                
                (873,176
                )
                
                (10,922,085
                )Provision
                    for income taxes
                
                
                -
                
                
                -
                
                
                -Net
                    loss
                
                $
                (416,770
                )
                $
                (873,176
                )
                $
                (10,922,085
                )Net
                    loss per share, basic and diluted
                
                
                ($0.02
                )
                
                ($0.04
                )
                
                ($4.99
                )Weighted
                    average shares, basic and diluted
                
                
                23,343,524
                
                
                20,974,107
                
                
                2,189,946
  The
            accompanying Notes to Consolidated Financial Statements are an integral
            part of
            these financial statements.
 4
 MEDICAL
        MEDIA TELEVISION, INC.
 (A
        DEVELOPMENT STAGE COMPANY)
 CONSOLIDATED
        STATEMENTS OF STOCKHOLDERS' EQUITY
 FOR
        PERIOD FROM INCEPTION (OCTOBER 2, 1989) THROUGH MARCH 31, 2007
 (UNAUDITED)
 AccumulatedDeficitAdditional
                  
                  
                  
                  duringPreferred
                      Stock
                  
                  Common
                      Stock
                  
                  Paid-in
                  
                  Subscription
                  
                  Development
                  
                  Treasury
                      StockShares
                  
                  Amount
                  
                  Shares
                  
                  Amount
                  
                  Capital
                  
                  Receivable
                  
                  Stage
                  
                  Shares
                  
                  Amount
                  
                  TotalIssuance
                          of $0.01 par value common shares to an individual for a
                          note
                  
                  
                  -
                  
                  $
                  -
                  
                  
                  1,000
                  
                  $
                  100
                  
                  $
                  1,900
                  
                  $
                  (2,000
                  )
                  $
                  -
                  
                  $
                  -
                  
                  $
                  -
                  
                  $
                  -Payment
                      of subscription receivable
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  1,885
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  1,885Stock
                      split 2,000:1 and change par
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -value
                      from $0.01 to $0.0005
                  
                  
                  -
                  
                  
                  -
                  
                  
                  1,999,000
                  
                  
                  900
                  
                  
                  (900
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -**Balance,
                      December 31, 1996**
                  
                  
                  -
                  
                  
                  -
                  
                  
                  2,000,000
                  
                  
                  1,000
                  
                  
                  1,000
                  
                  
                  (115
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  1,885Repurchase
                      of shares
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (1,725,000
                  )
                  
                  (5,000
                  )
                  
                  (5,000
                  )Issuance
                      of common stock
                  
                  
                  -
                  
                  
                  -
                  
                  
                  2,476,000
                  
                  
                  1,238
                  
                  
                  3,762
                  
                  
                  (5,000
                  )
                  
                  -
                  
                  
                  .
                  
                  
                  -
                  
                  
                  -**Balance,
                      December 31, 1997**
                  
                  
                  -
                  
                  
                  -
                  
                  
                  4,476,000
                  
                  
                  2,238
                  
                  
                  4,762
                  
                  
                  (5,115
                  )
                  
                  -
                  
                  
                  (1,725,000
                  )
                  
                  (5,000
                  )
                  
                  (3,115
                  )Net
                      loss
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (2,867
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  (2,867
                  )**Balance,
                      December 31, 1998**
                  
                  
                  -
                  
                  
                  -
                  
                  
                  4,476,000
                  
                  
                  2,238
                  
                  
                  4,762
                  
                  
                  (5,115
                  )
                  
                  (2,867
                  )
                  
                  (1,725,000
                  )
                  
                  (5,000
                  )
                  
                  (5,982
                  )-
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -**Balance,
                      December 31, 1999**
                  
                  
                  -
                  
                  
                  -
                  
                  
                  4,476,000
                  
                  
                  2,238
                  
                  
                  4,762
                  
                  
                  (5,115
                  )
                  
                  (2,867
                  )
                  
                  (1,725,000
                  )
                  
                  (5,000
                  )
                  
                  (5,982
                  )Shares
                      issued in connection with merger with Y2K Recording, Inc.
                  
                  
                  -
                  
                  
                  -
                  
                  
                  1,025,000
                  
                  
                  513
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  513Net
                      income
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  434
                  
                  
                  -
                  
                  
                  -
                  
                  
                  434**Balance,
                      December 31, 2000**
                  
                  
                  -
                  
                  
                  -
                  
                  
                  5,501,000
                  
                  
                  2,751
                  
                  
                  4,762
                  
                  
                  (5,115
                  )
                  
                  (2,433
                  )
                  
                  (1,725,000
                  )
                  
                  (5,000
                  )
                  
                  (5,035
                  )Shares
                      issued in connectionwith
                      merger with Savage Mojo, Inc.
                  
                  
                  -
                  
                  
                  -
                  
                  
                  8,000,000
                  
                  
                  4,000
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  4,000Shares
                      issued for services
                  
                  
                  -
                  
                  
                  -
                  
                  
                  10,000
                  
                  
                  5
                  
                  
                  995
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  1,000Contributed
                      capital
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  5,672
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  5,672Net
                      loss
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (57,151
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  (57,151
                  )**Balance,
                      December 31, 2001**
                  
                  
                  -
                  
                  
                  -
                  
                  
                  13,511,000
                  
                  
                  6,756
                  
                  
                  11,429
                  
                  
                  (5,115
                  )
                  
                  (59,584
                  )
                  
                  (1,725,000
                  )
                  
                  (5,000
                  )
                  
                  (51,514
                  )Series
                      A shares sold in private placement
                  
                  
                  47,750
                  
                  
                  95,500
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  95,500Retire
                      treasury stock
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (1,725,000
                  )
                  
                  (863
                  )
                  
                  (4,137
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  1,725,000
                  
                  
                  5,000
                  
                  
                  -Shares
                      issued as premium for notes
                  
                  
                  -
                  
                  
                  -
                  
                  
                  2,939,553
                  
                  
                  1,470
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  1,470Shares
                      issued for Cohen employment agreement
                  
                  
                  -
                  
                  
                  -
                  
                  
                  748,447
                  
                  
                  374
                  
                  
                  74,471
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  74,845Cancellation
                      of outstanding stock returned by M. Klimes
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (4,000,000
                  )
                  
                  (2,000
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (2,000
                  )Shares
                      issued for services
                  
                  
                  -
                  
                  
                  -
                  
                  
                  312,000
                  
                  
                  156
                  
                  
                  31,044
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  31,200Payment
                      of subscription receivable
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  5,000
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  5,000Write
                      off of subscription receivable
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  115
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  115Net
                      loss
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (498,888
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  (498,888
                  )**Balance,
                      December 31, 2002**
                  
                  
                  47,750
                  
                  
                  95,500
                  
                  
                  11,786,000
                  
                  
                  5,893
                  
                  
                  112,807
                  
                  
                  -
                  
                  
                  (558,472
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  (344,272
                  )Shares
                      issued for services
                  
                  
                  -
                  
                  
                  -
                  
                  
                  50,000
                  
                  
                  25
                  
                  
                  4,975
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  5,000Series
                      A shares sold in private placement
                  
                  
                  53,500
                  
                  
                  107,000
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  107,000Series
                      B shares sold in private placement
                  
                  
                  1,000
                  
                  
                  2,000
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  2,000Net
                      loss
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (1,825,313
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  (1,825,313
                  )**Balance,
                      December 31, 2003**
                  
                  
                  102,250
                  
                  
                  204,500
                  
                  
                  11,836,000
                  
                  
                  5,918
                  
                  
                  117,782
                  
                  
                  -
                  
                  
                  (2,383,785
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  (2,055,585
                  )Conversion
                      of Series A to common
                  
                  
                  (101,250
                  )
                  
                  (202,500
                  )
                  
                  525,959
                  
                  
                  263
                  
                  
                  202,237
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -Cancellation
                      and refund of Series B
                  
                  
                  (1,000
                  )
                  
                  (2,000
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (2,000
                  )Shares
                      issued for services
                  
                  
                  -
                  
                  
                  -
                  
                  
                  372,583
                  
                  
                  186
                  
                  
                  101,828
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  102,014Shares
                      issued for debt
                  
                  
                  -
                  
                  
                  -
                  
                  
                  357,143
                  
                  
                  179
                  
                  
                  249,821
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  250,000Net
                      loss
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (2,188,203
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  (2,188,203
                  )**Balance,
                      December 31, 2004**
                  
                  
                  -
                  
                  
                  -
                  
                  
                  13,091,685
                  
                  
                  6,546
                  
                  
                  671,668
                  
                  
                  -
                  
                  
                  (4,571,988
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  (3,893,774
                  )Effects
                      of 30: 1 reverse stock split
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (12,654,986
                  )
                  
                  (6,327
                  )
                  
                  6,327
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -Issuance
                      of dividend shares
                  
                  
                  -
                  
                  
                  -
                  
                  
                  872,779
                  
                  
                  436
                  
                  
                  (436
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -Conversion
                      of debt to preferred
                  
                  
                  4,303,000
                  
                  
                  4,303,000
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  4,303,000Acquisition
                      of African American Medical Network, Inc.
                  
                  
                  -
                  
                  
                  -
                  
                  
                  19,415,626
                  
                  
                  9,708
                  
                  
                  420,879
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  430,587Net
                      loss
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (1,965,302
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  (1,965,302
                  )**Balance,
                      December 31, 2005**
                  
                  
                  4,303,000
                  
                  
                  4,303,000
                  
                  
                  20,725,104
                  
                  
                  10,363
                  
                  
                  1,098,438
                  
                  
                  -
                  
                  
                  (6,537,290
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  (1,125,489
                  )Shares
                      issued for services
                  
                  
                  -
                  
                  
                  -
                  
                  
                  250,361
                  
                  
                  125
                  
                  
                  98,560
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  98,685Warrants
                      exercised
                  
                  
                  -
                  
                  
                  -
                  
                  
                  145,837
                  
                  
                  73
                  
                  
                  24,037
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  24,110Conversion
                      of debt to preferred
                  
                  
                  18,187
                  
                  
                  18,187
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  18,187Net
                      loss
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (3,968,025
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  (3,968,025
                  )**Balance,
                      December 31, 2006**
                  
                  
                  4,321,187
                  
                  
                  4,321,187
                  
                  
                  21,121,302
                  
                  
                  10,561
                  
                  
                  1,221,035
                  
                  
                  -
                  
                  
                  (10,505,315
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  (4,952,532
                  )Shares
                      issued in private placement
                  
                  
                  -
                  
                  
                  -
                  
                  
                  25,000,000
                  
                  
                  12,500
                  
                  
                  237,500
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  250,000Conversion
                      of debt to preferred
                  
                  
                  5,424
                  
                  
                  5,424
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  5,424Net
                      loss
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (416,770
                  )
                  
                  -
                  
                  
                  -
                  
                  
                  (416,770
                  )**Balance,
                      March 31, 2007**
                  
                  
                  4,326,611
                  
                  $
                  4,326,611
                  
                  
                  46,121,302
                  
                  $
                  23,061
                  
                  $
                  1,458,535
                  
                  $
                  -
                  
                  $
                  (10,922,085
                  )
                  $
                  -
                  
                  $
                  -
                  
                  $
                  (5,113,878
                  )
  The
          accompanying Notes to Consolidated Financial Statements are an integral
          part of
          these financial statements.
 5
 MEDICAL
        MEDIA TELEVISION, INC.
 (A
        DEVELOPMENT STAGE COMPANY)
 CONSOLIDATED
        STATEMENTS OF CASH FLOWS
 FOR
        THE
        THREE MONTHS ENDED MARCH 31, 2007 AND 2006
 FROM
        INCEPTION (OCTOBER 2, 1989) TO MARCH 31, 2007
 (UNAUDITED)
  FromInception
                  toMarch
                  31,
              
              March
                  31,2007
              
              2006
              
              2007**CASH
                  FLOWS FROM OPERATING ACTIVITES**Net
                  loss
              
              $
              (416,770
              )
              $
              (873,176
              )
              $
              (10,922,085
              )Adjustments
                  to reconcile net loss to net cash flows fromoperating
                  activities:Depreciation
                  and amortization expense
              
              
              21,005
              
              
              21,655
              
              
              125,248Impairment
                  of goodwill
              
              
              -
              
              
              
              
              
              1,271,037Cash
                    from acquisition of African American Medical Network,
                    Inc.
              
              
              -
              
              
              -
              
              
              2,104Gain
                  on sale of subsidiary
              
              
              -
              
              
              -
              
              
              (2,421
              )Gain
                  on extinguishment of debt
              
              
              -
              
              
              -
              
              
              (1,404
              )Common
                  stock issued for services
              
              
              -
              
              
              98,478
              
              
              204,731Preferred
                  stock issued for debt
              
              
              5,424
              
              
              -
              
              
              32,238Bad
                  debt expense
              
              
              -
              
              
              -
              
              
              115Changes
                  in assets and liabilities:Accounts
                  receivable
              
              
              20,479
              
              
              (46,541
              )
              
              (11,656
              )Prepaid
                  expenses
              
              
              928
              
              
              (78,276
              )
              
              (33,018
              )Other
                  receivables
              
              
              -
              
              
              50
              
              
              65,671Security
                  deposits
              
              
              (135
              )
              
              -
              
              
              (7,731
              )Accounts
                  payable
              
              
              (241,195
              )
              
              60,641
              
              
              (140,187
              )Accrued
                  expenses and other current liabilities
              
              
              101,693
              
              
              115,589
              
              
              1,633,344Net
                  cash flows (used) in operating activities
              
              
              (508,571
              )
              
              (701,580
              )
              
              (7,784,014
              )**CASH
                  FLOWS FROM INVESTING ACTIVITIES**Purchase
                  of equipment
              
              
              -
              
              
              (1,143
              )
              
              (25,170
              )Disposal
                  of equipment
              
              
              -
              
              
              -
              
              
              2,255Net
                  cash flows (used) in investing activities
              
              
              -
              
              
              (1,143
              )
              
              (22,915
              )**CASH
                  FLOWS FROM FINANCING ACTIVITIES**Common
                  stock issued for cash
              
              
              250,000
              
              
              -
              
              
              264,185Common
                  stock issued for exercise of warrants
              
              
              
              
              
              24,110
              
              
              24,109Preferred
                  stock issued for cash
              
              
              
              
              
              -
              
              
              202,500Proceeds
                  from notes payable-net
              
              
              
              
              
              -
              
              
              685,000Proceeds
                  from notes payable from stockholders-net
              
              
              308,471
              
              
              622,918
              
              
              6,682,757Net
                  cash flows provided by financing activities
              
              
              558,471
              
              
              647,028
              
              
              7,858,551Increase
                  (decrease) in cash
              
              
              49,900
              
              
              (55,695
              )
              
              51,622Cash,
                  beginning of period
              
              
              1,722
              
              
              75,248
              
              
              -Cash,
                  end of period
              
              $
              51,622
              
              $
              19,553
              
              $
              51,622SUPPLEMENTAL
                  DISCLOSURES OF CASH FLOW INFORMATION:Cash
                  paid for interest
              
              $
              67,061
              
              $
              52,524
              
              $
              304,874Acquisition
                  of African American Medical Network, Inc.
              
              $
              -
              
              $
              -
              
              $
              1,571,037Common
                  Stock issued for debt
              
              $
              -
              
              $
              -
              
              $
              250,000Preferred
                  Stock issued for debt
              
              $
              5,424
              
              $
              -
              
              $
              4,326,611
 The
          accompanying Notes to Consolidated Financial Statements are an integral
          part of
          these financial statements.
 6
 **MEDICAL
                MEDIA TELEVISION, INC.**
 **(A
                DEVELOPMENT STAGE COMPANY)**
 **NOTES
                TO CONSOLIDATED FINANCIAL STATEMENTS**
 **MARCH
                31, 2007 AND 2006**
 **(UNAUDITED)**
 
 **NOTE
        A -** **SUMMARY
        OF SIGNIFICANT ACCOUNTING POLICIES**
 
 Nature
        of Operations
 
 Medical
        Media Television, Inc. (“Medical Media” or the “Company”) is a Florida
        corporation organized on October 2, 1989. Medical
        Media has three wholly owned subsidiaries, PetCARE Television Network, Inc.
        (“PetCARE TV”), African American Medical Network, Inc. (“African American
        Medical Network”), and KidCARE Medical Television Network, Inc. (“KidCARE TV”). We
        are a
        development stage company focused on developing, establishing and marketing
        educational programming for distribution on a monthly basis to participating
        subscribers.
 
 Medical
        Media currently produces monthly DVD magazines that are distributed to the
        participating subscribers of PetCARE TV and African American Medical Network.
        In
        the first quarter of 2007, PetCARE TV began offering its in-office educational
        programming through various subscription options including quarterly DVD
        magazine programming without advertising, monthly DVD programming without
        advertising, and daily broadband delivery of programming with advertising.
        A
        prepaid 3-year subscription to the quarterly DVD magazine includes a free
        20” TV
        and DVD player. A prepaid 3-year subscription to the monthly DVD magazine
        includes a free table-stand 32” flat screen LCD TV and DVD player. A 3-year
        subscription for broadband delivered programming features a wall-mounted
        32”
flat screen LCD TV and PC media player.
 
 We
        plan
        to provide KidCARE TV’s monthly updated programming via broadband. Monthly
        programming contains approximately 28 educational segments that can be
        interspersed with up to 24 commercial advertising spots, approximately 24
        billboards, and public service announcements.
 
 The
        programming for our networks is obtained through an annual subscription with
        subscribers receiving monthly updated DVD magazines or streamed programming
        via
        broadband. To date, we have been unsuccessful in obtaining a sufficient number
        of advertisers to support our networks due to difficulty in obtaining audited
        viewership that meets the criteria of national commercial advertisers. Our
        broadband delivery options will meet the advertisers’ criteria and we anticipate
        that insertion orders for commercial advertising will increase as our PetCARE
        TV
        subscribers convert to broadband and we launch KidCARE TV.
 
 ***PetCARE
        TV***
 
 PetCARE
        TV’s monthly educational DVD programming is designed for the veterinary industry
        to focus on optimal healthcare for animal companions, is currently aired
        in
        veterinary hospitals and targeted to pet owners nationwide, and is viewed
        by
        approximately six million pet owners each month.  Each
        month of programming contains approximately 28 educational segments with
        24
        commercial advertising and billboard spots available for purchase. PetCARE
        TV also sells two instructional DVDs to veterinarians for them to give to
        their
        clients, *Your
        New Friend* and *Your
        Senior Pet.*
  7
 **MEDICAL
              MEDIA TELEVISION, INC.**
 **(A
              DEVELOPMENT STAGE COMPANY)**
 **NOTES
              TO CONSOLIDATED FINANCIAL STATEMENTS**
 **MARCH
              31, 2007 AND 2006**
 **(UNAUDITED)**
  **NOTE
        A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
        (Continued)**
 
 Nature
        of Operations (Continued)
 
 ***African
        American Medical Network***
 
 African
        American Medical Network’s educational programming is provided to several
        hundred doctor’s offices serving the African American population and is targeted
        to the patients of the more than 15,000 doctors who serve the 35 million
        U.S.
        African Americans. Each month of programming contains approximately 28
        educational segments with 24 commercial advertising and billboard spots
        available to purchase. African American Medical Network has also produced
        an
        instructional DVD entitled *Your
        Better Health.*
 
 ***KidCARE
        TV***
 
 KidCARE
        TV will target parent consumers in pediatric waiting rooms nationwide. KidCARE
        TV is not yet operational, but plans to establish a collaborative interaction
        with the viewing audience through its short informational segments developed
        to
        create awareness about preventative health measurers along with specific
        childhood illnesses and issues. These segments are designed to stimulate
        the
        viewer to seek further guidance from their pediatrician. Interspersed throughout
        the segments, promotional pieces will appear demonstrating related health
        care
        items. KidCARE TV’s primary target for subscribership will be members of the
        American Academy of Pediatrics. KidCARE TV has also produced an instructional
        DVD for physicians for them to give to their new parents entitled *Your
        New Baby.*
 
 Basis
        of Accounting
 
 Medical
        Media maintains its financial records and financial statements on the accrual
        basis of accounting. The accrual basis of accounting provides for a better
        matching of revenues and expenses.
 
 The
        accompanying unaudited consolidated financial statements include Medical
        Media Television, Inc., its wholly owned subsidiaries, PetCARE TV, African
        American Medical Network, and KidCARE TV, and have been prepared in accordance
        with generally accepted accounting principles for interim financial information.
        Accordingly, they do not include all of the information and footnotes
        required by generally accepted accounting principles for complete financial
        statements. In the opinion of management, all adjustments considered necessary
        for a fair presentation have been included. All such adjustments are of a
        normal
        recurring nature. Operating results for the three-month period ended March
        31,
        2007 are not necessarily indicative of the results that may be expected for
        the
        year ending December 31, 2007. For further information, refer to the
        consolidated financial statements and footnotes thereto included in the
        Company’s Annual Report on Form 10-KSB for the year ended December 31,
        2006.
 
 Reclassification
 
 Certain
        balances for the three-months ended March 31, 2006, and from inception through
        March 31, 2007, were reclassified to conform to the presentation of the
        three-months ended March 31, 2007.
 
 8
 **MEDICAL
              MEDIA TELEVISION, INC.**
 **(A
              DEVELOPMENT STAGE COMPANY)**
 **NOTES
              TO CONSOLIDATED FINANCIAL STATEMENTS**
 **MARCH
              31, 2007 AND 2006**
 **(UNAUDITED)**
 
 **NOTE
        A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
        (Continued)**
 
 Consolidation
 
 The
        Company combines its three wholly owned subsidiaries, PetCARE TV, African
        American Medical Network, and KidCARE TV, into its consolidate financials,
        eliminating all inter-company transactions.
 
 Cash
        and Cash Equivalents
 
 For
        purposes of the Consolidated Statements of Cash Flows, Medical Media considers
        amounts held by financial institutions and short-term investments with an
        original maturity of 90 days or less to be cash and cash
        equivalents.
 
 Fiscal
        Year
 
 Medical
        Media elected December 31 as its fiscal year.
 
 Revenue
        Recognition
 
 The
        Company generates revenue from three primary sources, namely advertisers
        on its
        DVD magazines (the “Advertisers”), subscribers to its network (the
“Subscribers”), and the sale of our educational take-home DVDs, *Your
        New Friend, Your Senior Pet, Your Better Health, and Your New Baby.* With
        regard to Advertisers, the Company recognizes revenue over the periods in
        which
        the advertisers’ commercials appear on its DVD magazine. With regard to
        Subscribers, revenue is recognized proportionately over the length of the
        subscription agreement entered into by the Subscribers. With regard to our
        take-home DVDs, revenue is recognized in the period the DVDs are shipped.
        The
        accounting for these sales for the three-month period ended March 31, 2007,
        and
        for the year-ended December 31, 2006, reflects the treatment of EITF 00-21, *Revenue
        Recognition with Multiple Deliverables* .
 
 Our
        primary source of revenue is the sale of annual subscriptions of our programming
        with the revenue generated therefrom allocated over the life of the
        subscription. We distribute our programming through DVD magazines that are
        replicated and mailed on a monthly basis. Our production costs are in the
        development of all the content contained on all the DVDs provided under the
        subscription, not in development of a salable individual DVD item. The costs
        associated with our programming includes the costs of production (shooting
        the
        segments, editing, mastering content), and the cost of replication and delivery
        of each monthly DVD magazine.
 
 In
        2006
        and for the three months ended March 31, 2007, we began marketing a line
        of
        stand-alone DVDs that are sold individually and independent of our
        subscriptions.
 
 Goodwill
        and Other Intangible Assets
 
 Goodwill
        and other intangible assets are evaluated for impairment based upon the expected
        financial benefits to be realized from the particular asset being evaluated.
        Certain intangible costs such as organizational costs are amortized over
        a fixed
        life while goodwill is evaluated for impairment every year. At December 31,
        2006, the Company made a determination that due to its inability to sell
        subscriptions to its African American Medical Network that was anticipated
        as
        part of the acquisition, goodwill was fully impaired resulting in a write-off
        of
        $1,271,037.
  9
 **MEDICAL
              MEDIA TELEVISION, INC.**
 **(A
              DEVELOPMENT STAGE COMPANY)**
 **NOTES
              TO CONSOLIDATED FINANCIAL STATEMENTS**
 **MARCH
              31, 2007 AND 2006**
 **(UNAUDITED)**
  **NOTE
        A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
        (Continued)**
 
 Goodwill
        and Other Intangible Assets (Continued)
 
 The
        Company has two intangible assets related to the acquisition of African American
        Medical Network, namely the customer base and employment relationships which
        include covenants not to compete with the company. We amortized the customer
        base over three years beginning on January 1, 2006 and total amortization
        in
        2006 and for the three months ended March 31, 2007 was $66,667 and $16,666
        respectively. We amortized the remaining balance of $116,667 over the remainder
        of 2007 and 2008. We amortized the employment relationships over eight years
        beginning on January 1, 2006 and total amortization in 2006 and for the three
        months ended March 31, 2007 was $12,500 and $3,125 respectively. We amortized
        the remaining balance o f
        $84,375
        over the remainder of 2007 and 2008 through 2013.
 
 Stock
        Based Compensation
 
 The
        Company follows the requirements of SFAS 123(R), *Share
        Based Payments* with
        regard to stock based compensation issued to both employees and non-employees.
        The Company has various employment agreements and consulting arrangements
        that
        call for stock to be awarded to the employees and consultants at various
        times
        as compensation and periodic bonuses. The expense for this stock based
        compensation is equal to the fair value of the stock that was determined
        by
        using the closing trading price on the day the stock was awarded multiplied
        by
        the number of shares awarded.
 
 Income
        Taxes
 
 Medical
        Media records its federal and state tax liability in accordance with Financial
        Accounting Standards Board Statement No. 109 “ *Accounting
        for Income Taxes* ”.
        The
        deferred taxes payable are recorded for temporary differences between the
        recognition of income and expenses for tax and financial reporting purposes,
        using current tax rates. Deferred assets and liabilities represent the future
        tax consequences of those differences, which will be either taxable or
        deductible when the assets and liabilities are recovered or
        settled.
 
 Since
        its
        inception, Medical Media has an accumulated loss of $10,922,085 for income
        tax
        purposes, which can be used to offset future taxable income through 2026.
        The
        potential tax benefit of this loss is as follows:
 
 Future
                  tax benefit
              
              $
              4,095,782Valuation
                  allowance
              
              
              (4,095,782
              )Future
                  tax benefit
              
              $
              -
 
 As
        of
        March 31, 2007, the Company recorded a valuation allowance of $4,095,782
        on the
        deferred tax assets to reduce it to zero. Realization of deferred tax assets
        is
        dependent upon sufficient future taxable income during the period that
        deductible temporary differences and carry forwards are expected to be available
        to reduce taxable income. Due to uncertainty regarding future income to offset
        the loss carry forward, management has made an allowance for the entire deferred
        tax asset.
 
 10
 **MEDICAL
              MEDIA TELEVISION, INC.**
 **(A
              DEVELOPMENT STAGE COMPANY)**
 **NOTES
              TO CONSOLIDATED FINANCIAL STATEMENTS**
 **MARCH
              31, 2007 AND 2006**
 **(UNAUDITED)**
  **NOTE
        A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
        (Continued)**
 
 Advertising
        Costs
 
 Medical
        Media expenses the production costs of advertising the first time the
        advertising takes place.
 
 Fixed
        Assets
 
 Medical
        Media’s fixed assets consist of computer equipment and leasehold improvements.
        We depreciated computer equipment over three years on a straight-line basis
        and
        leasehold improvements on a straight-line basis over the life of the current
        lease (38 months).
 
 Use
        of
        Estimates
 
 Our
        financial statements have been prepared in accordance with accounting principles
        generally accepted in the United States. The preparation of these financial
        statements requires us to make significant estimates and judgments that affect
        the reported amounts of assets, liabilities, revenues, expenses and related
        disclosure of contingent assets and liabilities. We evaluate our estimates,
        including those related to contingencies, on an ongoing basis. We base our
        estimates on historical experience and on various other assumptions that
        are
        believed to be reasonable under the circumstances, the results of which form
        the
        basis for making judgments about the carrying values of assets and liabilities
        that are not readily apparent from other sources. Actual results may differ
        from
        these estimates under different assumptions or conditions.
 
 Going
        Concern
 
 We
        currently are a development stage company under the provisions of SFAS No.
        7,
        and have negative cash flows from operations and no established source of
        revenue. The
        foregoing matters raise substantial doubt about the ability of our Company
        to
        continue as a going concern. As such, we are actively seeking external sources
        to satisfy our short-term and long-term capital requirements. We are seeking
        to
        raise this additional capital through a public or private sale of debt or
        equity
        securities, debt financing, or short-term loans. We currently do not have
        any
        financing commitments (binding or non-binding) and we cannot give any assurance
        that we will be able to secure the additional cash or working capital we
        require
        to continue our operations and fully implement our business plan. If we do
        not
        secure at least $3,800,000, we will not be able to fully implement our business
        plan, and if we do not secure at least $150,000, we may not be able to continue
        our plan of operations beyond the next thirty days. In the event we are
        unsuccessful in our efforts to secure additional capital, it would have a
        material adverse effect on the Company’s results of operations and financial
        condition.
 
 **NOTE
        B** **- COMMON AND PREFERRED STOCK**
 
 Start
        of trading on the OTC Bulletin Board
 
 On
        February 2, 2004, Medical Media’s common stock began trading on the OTC-Bulletin
        Board under the symbol PTNW. There is a limited public trading market for
        its
        common stock and a regular, more active trading market may not develop, and
        if
        developed, may not be sustained. Currently, the Company’s Common Stock trades
        under the symbol “MMTV”.
 
 11
 **MEDICAL
              MEDIA TELEVISION, INC.**
 **(A
              DEVELOPMENT STAGE COMPANY)**
 **NOTES
              TO CONSOLIDATED FINANCIAL STATEMENTS**
 **MARCH
              31, 2007 AND 2006**
 **(UNAUDITED)**
  **NOTE
        B - COMMON AND PREFERRED STOCK (Continued)**
 
 Common
        Stock
 
 On
        March
        23, 2007, the Company issued 25,000,000 shares of its Common Stock to Vicis
        pursuant to the terms of that certain Stock Purchase Agreement (the “Purchase
        Agreement”). Pursuant to the Purchase Agreement, the Company sold the Common
        Stock to Vicis at $.01 per share, for a total purchase price of $250,000
        paid by
        cash.
 
 On
        April
        18, 2007, the Company issued 5,000,000 shares of its Common Stock to Vicis
        pursuant to the terms of that certain Stock Purchase Agreement (the “Purchase
        Agreement”). Pursuant to the Purchase Agreement, the Company sold the Common
        Stock to Vicis at $.01 per share, for a total purchase price of $50,000 cash.
 
 Preferred
        stock
 
 The
        Company has 25,000,000 shares of preferred stock authorized which can be
        designated in series as desired by the Company’s Board of Directors. To date,
        the Board was approved Series A Zero Coupon Preferred Stock with 1,682,044
        shares designated and issued and outstanding, Series B Zero Coupon Preferred
        Stock with 2,612,329 shares designated and issued and outstanding, and Series
        C
        Zero Coupon Preferred Stock with 400,000 shares designated and 32,238 shares
        issued and outstanding. All designated shares of each of these Series were
        included in a registration statement on Form SB-2 filed with the SEC that
        was
        declared effective on March 1, 2006.
 
 As
        of
        March 31, 2007, the Company issued 4,932 shares of its Series C Zero Coupon
        Preferred Stock to Steve Port in lieu of interest totaling $4,932 for the
        first
        quarter of 2007.
 
 As
        of
        March 31, 2007, th e
        Company
        issued 494 shares of its Series C Zero Coupon Preferred Stock to Elaine Edinburg
        in lieu interest totaling $493 for the first quarter of 2007.
 
 Treasury
        stock
 
 Treasury
        stock is shown at cost.
 
 Stock
        Options
 
 2002
        Incentive Stock Option Plan
 
 We
        have a
        2002 equity incentive plan available to key employees and consultants of
        the
        Company. We granted option s
        for all
        66,667 shares of Common Stock available under the plan. As the Company issued
        grants for the maximum number of shares allowed under this plan, the 2002
        Equity
        Incentive Plan was closed.
 
 12
 **MEDICAL
              MEDIA TELEVISION, INC.**
 **(A
              DEVELOPMENT STAGE COMPANY)**
 **NOTES
              TO CONSOLIDATED FINANCIAL STATEMENTS**
 **MARCH
              31, 2007 AND 2006**
 **(UNAUDITED)**
  **NOTE
        B - COMMON AND PREFERRED STOCK (Continued)**
 
 2006
        Equity Incentive Plan
 
 We
        have a
        2006 Equity Incentive Plan that allows the Company to issue options for up
        to
        2,000,000 shares to eligible key employees and consultants. Under the plan,
        the
        exercise price of each incentive option is equal to the greater of the fair
        market value of our Common Stock on the date of the grant or the aggregate
        par
        value of the stock on the date of grant. In the case of any 10% stockholder,
        the
        incentive option price will not be less than 110% of the fair market value
        on
        the date of grant. Options are fully vested upon issuance and expire ten
        years
        from the date of grant, except for those granted to a 10% stockholder, which
        expire five years from the date of grant. The Compensation Committee of the
        Board of Directors shall determine the price at which shares of stock may
        be
        purchased under a nonqualified option. To date, we have granted 654,636 options
        under this plan with an exercise price of $0.17 per share.
 
 There
        is
        a small and very limited market for the Company’s Common Stock and no market for
        our Non-Qualified Stock Option, therefore there are no readily available
        market
        quotations. Factors in the determination that there would be expected cash
        return for the Non-Qualified Stock Options included the Company’s historic lack
        of revenues, the Company’s large debt to equity ratio, and lack of any trading
        volume in the Common Stock. Accordingly, no compensation expense was booked
        for
        these options.
 
 **NOTE
        C - RELATED PARTY TRANSACTIONS**
 
 As
        of
        March 31, 2007, the Company owed an aggregate of $71,404 in past-due,
        semi-annual interest payments on its $250,000 Series B Convertible Debenture
        to
        Vicis Capital Master Fund dated May 6, 2005.
 
 As
        of
        March 31, 2007, the Company owed $1,775 in past-due interest payments on
        its
        $50,000 Convertible Secured Promissory Note to Vicis Capital Master Fund
        dated
        June 1, 2006.
 
 As
        of
        March 31,
        2007,
        the Company owed $1,050 in past-due interest payments on its $50,000 Convertible
        Secured Promissory Note to Vicis Capital Master Fund dated June 30, 2006.
 
 As
        of
        March 31, 2007, p ursuant
        to the provisions of the Convertible Promissory Notes to William H. Quiros
        in
        November 2005 and March 2006, the amount of interest due under the November
        Quiros Note that was credited to the March Quiros Note through March 31,
        2007
        was $222,356.
 
 As
        of
        March 31, 2007, pursuant to the provisions of the $100,000 Convertible
        Promissory Note to Steven J. Port, the Company paid $4,932
        of
        interest through the issuance of 4,932 shares of Series C Zero Coupon Preferred
        Stock.
 
 Through
        March 31, 2007, pursuant to the provisions of the $450,000 Convertible
        Promissory Note to William H. Quiros, Mr. Quiros had loaned the Company $244,123
        under the March Quiros Note including interest of $222,357 from the November
        Quiros Note and interest of $21,767 from the March Quiros Note. According,
        the
        Company issued Mr. Quiros 423,857 in Common Stock Purchase Warrants through
        March 31, 2007.
  13
 **MEDICAL
              MEDIA TELEVISION, INC.**
 **(A
              DEVELOPMENT STAGE COMPANY)**
 **NOTES
              TO CONSOLIDATED FINANCIAL STATEMENTS**
 **MARCH
              31, 2007 AND 2006**
 **(UNAUDITED)**
 
 **NOTE
        C - RELATED PARTY TRANSACTIONS (Continued)**
 
 As
        of
        March 31, 2007, pursuant to the provisions of the $10,000 Convertible Promissory
        Note to Elaine G. Edinburg, the Company paid $493 of interest through the
        issuance of 494 shares of Series C Zero Coupon Preferred Stock. The Edinburg
        Note was due on March 31, 2007 and remains unpaid as the Company is unable
        to
        pay it at this time.
 
 **NOTE
        D** **- CONVERTIBLE PROMISSORY NOTES**
 
 On
        February 1, 2007, the Company executed a Note Purchase Agreement pursuant
        to
        which it issued a 10% Secured Convertible Promissory Note in the principal
        amount of $250,000 (the “Note”) to Vicis Capital Master Fund (“Vicis”) pursuant
        to the exemption from registration found in Section 4(2) of the Securities
        Act
        of 1933. At any
        time while the Note remains outstanding, Vicis may convert the outstanding
        principal balance and any accrued but unpaid interest on the Note into shares
        of
        the Company’s Common Stock at a conversion price of $.166 per share (the
“Conversion Shares”). The principal balance of the Note is due in one lump sum
        payment on August 10, 2007 (the “Maturity Date”), unless earlier converted.
        Interest on such principal (or any balance thereof outstanding from time
        to
        time) accrues at an annual rate of interest of ten percent (10%) and is payable
        on the Maturity Date. As security for the Company’s obligations under the
        Purchase Agreement and the Note, the Company pledged all of the capital stock
        of
        the Company’s subsidiaries, PetCARE TV, African American Medical Network, and
        KidCARE TV (collectively the “Subsidiaries”), pursuant to the terms of a Stock
        Pledge and Escrow Agreement dated August 11, 2006. Repayment of the Note
        is
        guaranteed by the Subsidiaries and is also secured by a blanket lien encumbering
        the assets of the Company and the Subsidiaries.
 
 **NOTE** **E
        - COMMITMENTS AND CONTINGENCIES**
 
 In
        August
        2003, the Company entered into a sixty-two (62) month lease agreement commencing
        on October 1, 2003 with Liberty Property Limited Partnership for approximately
        3,800 square feet of office/warehouse space located at 8406 Benjamin Road,
        Suite
        C, Tampa, Florida 33634. Under
        this agreement, minimum lease expense for the 12 months ended December 31,
        2007
        and the eleven months ended November 30, 2008 will be approximately $41,100
        and
        $38,500 respectively.
 
 **NOTE
        F - SUBSEQUENT EVENTS**
 
 On
        April
        17, 2007, the Company’s majority shareholder (holding a total of 25,181,552
        of 46,121,302 (55%)
        of
        the Company’s outstanding Common Stock, approved an amendment to the Company’s
        Articles of Incorporation, which increased the authorized number of common
        shares of the Company from 100,000,000 to 250,000,000. The amendment became
        effective on April 19, 2007.
 
 On
        April
        18, 2007, the Company issued 5,000,000 shares of its Common Stock to Vicis
        pursuant to the terms of that certain Stock Purchase Agreement (the “Purchase
        Agreement”). Pursuant to the Purchase Agreement, the Company sold the Common
        Stock to Vicis at $.01 per share, for a total purchase price of $50,000.
        The
        purchase price for the Common Stock was paid in cash. Pursuant to the Purchase
        Agreement, Vicis agreed to waive all anti-dilution privileges, preemptive
        rights, and price adjustment rights on all convertible securities held by
        Vicis,
        except for certain common stock purchase warrants held by Vicis. The issuance
        of
        the Common Stock was exempt from the registration requirements of the Securities
        Act of 1933, as amended, pursuant to Section 4(2) of the Act for transactions
        not involving a
  14
 **MEDICAL
              MEDIA TELEVISION, INC.**
 **(A
              DEVELOPMENT STAGE COMPANY)**
 **NOTES
              TO CONSOLIDATED FINANCIAL STATEMENTS**
 **MARCH
              31, 2007 AND 2006**
 **(UNAUDITED)**
 
 **NOTE
        F - SUBSEQUENT EVENTS (Continued)**
 
 public
        offering and Rule 506 promulgated by the United States Securities and Exchange
        Commission under the Securities Act of 1933, as amended. The Common Stock
        was
        issued to one institutional investor.
 
 On
        April
        26, 2007, Vicis Capital Master Fund paid the Company an aggregate of $54,861
        and
        exercised all of its outstanding warrants at $0.01 per share. The Company
        issued
        5,486,100 shares of its restricted common stock.
 
 On
        April
        27, 2007, the Company received written notice from Mr. Port that the February
        Port Note had matured, was past due, and was immediately due and payable.
        He
        also indicated to the Company that he did not wish to convert the February
        Port
        Note to shares. The Company is unable to pay the February Port Note at this
        time.
 
 On
        April
        27, 2007, Mr. Port notified the Company that he did not intend to further
        extend
        the April Port Note. Pursuant to the notice provisions of the April Port
        Note,
        the Maturity Date will be May 30, 2007. The Company does not believe that
        it
        will have the funds to repay the April Port Note on its due date.
 
 On
        May 4,
        2007, the Company issued an aggregate of 90,000 shares to the members of
        PetCARE
        TV’s Veterinary Advisory Board. Each member received 10,000 shares for their
        services to be rendered to PetCARE TV during the calendar year 2007. Also
        on May
        4, 2007, the Company issued 100,000 shares of its restricted common stock
        to
        Tifanie Joudeh, Esq. for services rendered.
  On
        May
        16, 2007, the Company and all its subsidiaries entered into a Note Purchase
        Agreement pursuant to which it issued a 10% Secured Promissory Note in the
        principal amount of $200,000 (the “Note”) to Vicis pursuant
        to the exemption from registration found in Section 4(2) of the Securities
        Act
        of 1933. The Note has an effective date of May 1, 2007. The
        principal balance of the Note is due in one lump sum payment on August 10,
        2007
        (the “Maturity Date”). Interest on such principal (or any balance thereof
        outstanding from time to time) accrues at an annual rate of interest of ten
        percent (10%) and is payable on the Maturity Date. As security for the Company’s
        obligations under the Purchase Agreement and the Note, the Company pledged
        all
        of the capital stock of the Company’s subsidiaries, PetCARE TV, African American
        Medical Network, and KidCARE TV (collectively the “Subsidiaries”), pursuant to
        the terms of a Stock Pledge and Escrow Agreement dated February 1, 2007.
        Repayment of the Note is guaranteed by the Subsidiaries and is secured by
        a
        blanket lien encumbering the assets of the Company and the
        Subsidiaries.
 
 **NOTE
        G - CHANGE IN CONTROL**
 
 Pursuant
        to the transaction on March 23, 2007, where Vicis Capital Master Fund purchased
        25,000,000 shares of the Company’s Common Stock, Vicis acquired control of the
        Company. Prior to the transaction, the Company had 100,000,000 shares of
        common
        stock authorized, of which 21,121,302 shares were issued and outstanding.
        After
        the transaction, Vicis owned an aggregate of 25,181,552 shares of the Company’s
        common stock, or 55% of the 46,121,302 shares of common stock issued and
        outstanding. On April 18, 2007, Vicis Capital Master Fund purchased 5,000,000
        shares of the Company’s Common Stock which brought its
        ownership to 30,181,552 shares of the Company’s common stock, or 59% of the
        51,121,302 shares of common stock issued and outstanding after the transaction.
        On April 26, 2007, Vicis Capital Master Fund paid the Company an aggregate
        of
        $54,861 and exercised all of its outstanding common stock
  15
 **MEDICAL
              MEDIA TELEVISION, INC.**
 **(A
              DEVELOPMENT STAGE COMPANY)**
 **NOTES
              TO CONSOLIDATED FINANCIAL STATEMENTS**
 **MARCH
              31, 2007 AND 2006**
 **(UNAUDITED)**
 
 **NOTE
        G - CHANGE IN CONTROL (Continued)**
 
 purchase
        warrants at $0.01 per share, resulting in an issuance to Vicis of 5,486,100
        shares. As of the date of the filing, Vicis owns an aggregate of 35,667,651
        shares of the Company’s common stock, or approximately 63% of the 56,797,402
        shares of common stock issued and outstanding. Vicis holds certain other
        convertible securities, which if exercised or converted into common stock
        of the
        Company, could result in the issuance of an additional 28,972,725 shares
        of the
        Company’s common stock to Vicis. If these shares were issued to Vicis, Vicis
        would hold 64,640,376 shares of the Company’s common stock, or approximately 75%
        of 85,770,127 shares of common stock issued and outstanding after the issuance.
        There are no arrangements or understandings between Vicis and the Company
        with
        respect to the election of directors or other matters.
  16


**Item
              2.**
            **Management’s
                Discussion and Analysis or Plan of
                Operation.**





The
      following discussion and analysis provides information which management of
      Medical Media Television, Inc. (“Medical Media” or the “Company”) believes to be
      relevant to an assessment and understanding of the Company’s results of
      operations and financial condition. This discussion should be read together
      with
      the Company’s financial statements and the notes to the financial statements,
      which are included in this report. This information should also be read in
      conjunction with the information contained in our Annual Report on Form 10-KSB
      for the fiscal year ended December 31, 2006, including the audited financial
      statements and notes included therein. Because of the nature of the Company
      as a
      development stage company, the reported results will not necessarily reflect
      future results of operations or financial condition.





**Cautionary
      Statement Regarding Forward-Looking Statements**





This
      Quarterly Report on Form 10-QSB contains “forward-looking statements”, as that
      term is defined in the Private Securities Litigation Reform Act of 1995. These
      statements relate to future events or our future financial performance. Some
      discussions in this report may contain forward-looking statements that involve
      risk and uncertainty. A number of important factors could cause our actual
      results to differ materially from those expressed in any forward-looking
      statements made by us in this report. Forward-looking statements are often
      identified by words like “believe,” “expect,” “estimate,” “anticipate,”
“intend,” “project” and similar words or expressions which, by their nature,
      refer to future events.





In
      some
      cases, you can also identify forward-looking statements by terminology such
      as
“may,”


“will,”
      “should,” “plans,” “predicts,” “potential,” or “continue,” or the negative of
      these terms or other comparable terminology. These statements are only
      predictions and involve known and unknown risks, uncertainties, and other
      factors that may cause our actual results, levels of activity, performance
      or
      achievements to be materially different from any future results, levels of
      activity, performance or achievements expressed or implied by these
      forward-looking statements.





Although
      we believe that the expectations reflected in the forward-looking statements
      are
      reasonable, we cannot guarantee future results, levels of activity, or
      achievements. You should not place undue certainty on these forward-looking
      statements, which apply only as of the date of this report. These
      forward-looking statements are subject to certain risks and uncertainties that
      could cause actual results to differ materially from historical results or
      our
      predictions. Except as required by applicable law, including the securities
      laws
      of the United States, we do not intend to update any of the forward-looking
      statements to conform these statements to actual results.





**Overview**





Medical
      Media is a Florida corporation organized on October 2, 1989. Medical
      Media has three wholly owned subsidiaries, PetCARE Television Network, Inc.
      (“PetCARE TV”), African American Medical Network, Inc. (“African American
      Medical Network”), and KidCARE Medical Television Network, Inc. (“KidCARE TV”). We
      are a
      development stage company focused on developing, establishing and marketing
      educational programming for distribution on a monthly basis to participating
      subscribers.





Medical
      Media currently produces monthly DVD magazines that are distributed to the
      participating subscribers of PetCARE TV and African American Medical Network.
      In
      the first quarter of 2007, PetCARE TV began offering its in-office educational
      programming through various subscription options including quarterly DVD
      magazine programming without advertising, monthly DVD programming without
      advertising, and daily broadband delivery of programming with advertising.
      A
      prepaid 3-year subscription to the quarterly DVD magazine includes a free 20” TV
      and DVD player. A prepaid 3-year subscription to the monthly DVD magazine
      includes a free table-stand 32” flat screen LCD TV and DVD player. A 3-year
      subscription for broadband delivered programming features a wall-mounted 32”
flat screen LCD TV and PC media player. With every subscription, veterinarians
      are licensed to link their web sites to PetCARE TV’s web site, home of the
      largest proprietary pet health video library on the World Wide Web. The added
      benefit of being able to direct pet owners to the video library serves both
      as
      an educational tool and as a quick screening process for clients to get issues
      clear from home before talking directly to the veterinarian.





17


We
      plan
      to provide KidCARE TV’s monthly updated programming via broadband. Monthly
      programming contains approximately 28 educational segments that can be
      interspersed with up to 24 commercial advertising spots, approximately 24
      billboards, and public service announcements.





The
      programming for our networks is obtained through an annual subscription with
      subscribers receiving monthly updated DVD magazines or streamed programming
      via
      broadband. To date, we have been unsuccessful in obtaining a sufficient number
      of advertisers to support our networks due to difficulty in obtaining audited
      viewership that meets the criteria of national commercial advertisers. Our
      broadband delivery options will meet the advertisers’ criteria and we anticipate
      that insertion orders for commercial advertising will increase as our PetCARE
      TV
      subscribers convert to broadband and we launch KidCARE TV.





***PetCARE
      TV***





PetCARE
      TV’s monthly educational DVD programming designed for the veterinary industry
      focuses on optimal healthcare for animal companions; is currently aired in
      veterinary hospitals and targeted to pet owners nationwide; and is viewed by
      approximately six million pet owners each month.  Each
      month of programming contains approximately 28 educational segments with 24
      commercial advertising and billboard spots available for purchase. PetCARE
      TV also sells an instructional DVDs to veterinarians for them to give to their
      clients, entitled *Your
      New Friend* and *Your
      Senior Pet.*





***African
      American Medical Network***





African
      American Medical Network’s educational programming is provided to hundreds of
      doctor’s offices serving the African American population and is targeted to the
      patients of the more than 15,000 doctors who serve the 35 million U.S. African
      Americans. Each month of programming contains approximately 28 educational
      segments with 24 commercial advertising and billboard spots available to
      purchase. African American Medical Network has also produced an instructional
      DVD entitled *Your
      Better Health.*





***KidCARE
      TV***





KidCARE
      TV will target parent consumers in pediatric waiting rooms nationwide. KidCARE
      TV is not yet operational, but plans to establish a collaborative interaction
      with the viewing audience through its short informational segments developed
      to
      create awareness about preventative health measurers along with specific
      childhood illnesses and issues. These segments are designed to stimulate the
      viewer to seek further guidance from their pediatrician. Interspersed throughout
      the segments, promotional pieces will appear demonstrating related health care
      items. KidCARE TV’s primary target for subscribership will be members of the
      American Academy of Pediatrics. KidCARE TV has also produced an instructional
      DVD for physicians for them to give to their new parents entitled *Your
      New Baby.*




18


More
      information about our Company and our subsidiaries can be found on the following
      websites: www.medicalmediatelevision.com , www.petcaretv.com , www.africanamericanmedicalnetwork.com ,
      and www.kidcaretv.com .
      These
      websites serve primarily as an informational tool for prospective subscribers
      and advertisers, who can log on to find out more about our business and the
      goods and services that we provide. Prospective
      subscribers are allowed to view samples of our current programming, review
      frequently asked questions, review our subscription process, and print out
      a
      subscription agreement.





We
      have
      expended approximately $8,124,000 through March 31, 2007 in developing our
      business plan. For the period from the implementation of our current business
      plan (June 2002) through March 31, 2007, we have generated revenue of $167,177
      from advertising and $49,526 from sales of our educational DVDs, *Your
      New Friend* and *Your
      Senior Pet,* distributed by our PetCARE TV subsidiary. During the same period, we also
      generated revenue from subscription sales to veterinarian offices of $111,871
      of
      which $33,915 is recorded as deferred revenue.




**Development
      Stage Company; Going Concern Issue**





We
      are a
      development stage company under the provisions of SFAS No. 7, and have
      negative cash flows from operations and no current established source of
      revenue. We do not anticipate significant revenues from either advertising
      sales
      or subscription sales. The foregoing matters have raised substantial doubt
      about
      the ability of our Company to continue as a going concern.  Management
      believes that there will not be sufficient cash to continue the business for
      the
      next twelve months. See *Liquidity
      and Capital Resources* below.





Critical
      Accounting Policies and Estimates





Our
      financial statements have been prepared in accordance with accounting principles
      generally accepted in the United States. The preparation of these financial
      statements requires us to make significant estimates and judgments that affect
      the reported amounts of assets, liabilities, revenues, expenses and related
      disclosure of contingent assets and liabilities. We evaluate our estimates,
      including those related to contingencies, on an ongoing basis. We base our
      estimates on historical experience and on various other assumptions that are
      believed to be reasonable under the circumstances, the results of which form
      the
      basis for making judgments about the carrying values of assets and liabilities
      that are not readily apparent from other sources. Actual results may differ
      from
      these estimates under different assumptions or conditions.





Goodwill





Goodwill
      and other intangible assets are evaluated for impairment based upon the expected
      financial benefits to be realized from the particular asset being evaluated.
      Certain intangible costs such as organizational costs are amortized over a
      fixed
      life while goodwill is evaluated for impairment every year. The particular
      assumptions used to test goodwill at December 31, 2005 included the expected
      synergies to be realized through the merger in November 2005, as well as the
      expected financial benefit to be realized from the goodwill. Negotiations with
      several significant customers were going on during the preparation of our Form
      10-KSB for 2005 that indicated the goodwill was properly valued at the full
      amount that had been recorded during the merger.





At
      December 31, 2006, the Company made a determination that due to its inability
      to
      sell subscriptions and attract advertisers to its African American Medical
      Network that were anticipated as part of the acquisition, goodwill was fully
      impaired resulting in a write-off of $1,271,037.





19


Revenue
      Recognition





The
      Company generates revenue from three primary sources, namely advertisers on
      its
      DVD magazines (the “Advertisers”), subscribers to its networks (the
“Subscribers”), and the sale of our instructional DVDs, *Your
      New Friend* , *Your
      Senior Pet, and*  *Your
      New Baby* .
      With
      regard to Advertisers, the Company recognizes revenue over the periods in which
      the advertisers’ commercials appear on its DVD magazine. With regard to
      Subscribers, revenue is recognized proportionately over the length of the
      subscription agreement entered into by the Subscribers. With regard to *Your
      New Friend* , *Your
      Senior Pet, and*  *Your
      New Baby* ,
      revenue
      is recognized in the period the DVDs are shipped.





Our
      primary source of revenue is the sale of annual subscriptions of our programming
      with the revenue generated therefrom allocated over the life of the
      subscription. We distribute our programming through DVD magazines that are
      replicated and mailed on a monthly basis. Our production costs are in the
      development of all the content contained on all the DVDs provided under the
      subscription, not in development of a salable individual DVD item. The costs
      associated with our programming includes the costs of production (shooting
      the
      segments, editing, mastering content), and the cost of replication and delivery
      of each monthly DVD magazine.





In
      2006
      and for the three months ended March 31, 2007, we began marketing a line of
      stand-alone DVDs that are sold individually and independent of our
      subscriptions.





Information
      Relating To Forward-Looking Statements





This
      report, including the documents incorporated by reference in this report,
      includes forward-looking statements. We have based these forward-looking
      statements on our current expectations and projections about future events.
      Our
      actual results may differ materially from those discussed herein, or implied
      by
      these forward-looking statements. Forward-looking statements are identified
      by
      words such as “believe,” “anticipate,” “expect,” “intend,” “plan,” “will,” “may”
and other similar expressions. In addition, any statements that refer to
      expectations, projections or other characterizations of future events or
      circumstances are forward-looking statements.




**Recent
      Events**





On
      February 1, 2007, the Company executed a Note Purchase Agreement pursuant to
      which it issued a 10% Secured Convertible Promissory Note in the principal
      amount of $250,000 (the “Note”) to Vicis Capital Master Fund (“Vicis”) pursuant
      to the exemption from registration found in Section 4(2) of the Securities
      Act
      of 1933. At any
      time while the Note remains outstanding, Vicis may convert the outstanding
      principal balance and any accrued but unpaid interest on the Note into shares
      of
      the Company’s Common Stock at a conversion price of $.166 per share (the
“Conversion Shares”). The principal balance of the Note is due in one lump sum
      payment on August 10, 2007 (the “Maturity Date”), unless earlier converted.
      Interest on such principal (or any balance thereof outstanding from time to
      time) accrues at an annual rate of interest of ten percent (10%) and is payable
      on the Maturity Date. As security for the Company’s obligations under the
      Purchase Agreement and the Note, the Company pledged all of the capital stock
      of
      the Company’s subsidiaries, PetCARE TV, African American Medical Network, and
      KidCARE TV (collectively the “Subsidiaries”), pursuant to the terms of a Stock
      Pledge and Escrow Agreement dated August 11, 2006. Repayment of the Note is
      guaranteed by the Subsidiaries and is also secured by a blanket lien encumbering
      the assets of the Company and the Subsidiaries.





On
      March
      23, 2007, the Company issued 25,000,000 shares of its Common Stock to Vicis
      pursuant to the terms of that certain Stock Purchase Agreement (the “Purchase
      Agreement”). Pursuant to the Purchase Agreement, the Company sold the Common
      Stock to Vicis at $.01 per share, for a total purchase price of $250,000. The
      purchase price for the Common Stock was paid in cash. Pursuant to the Purchase
      Agreement, Vicis agreed to waive all anti-dilution privileges, preemptive
      rights, and price adjustment rights on all convertible securities held by Vicis,
      except for certain common stock purchase warrants held by Vicis. The issuance
      of
      the Common Stock was exempt from the registration requirements of the Securities
      Act of 1933, as amended, pursuant to Section 4(2) of the Act for transactions
      not involving a public offering and Rule 506 promulgated by the United States
      Securities and Exchange Commission under the Securities Act of 1933, as amended.
      The Common Stock was issued to one institutional investor.





20


On
      April
      17, 2007, the Company’s majority shareholder (holding a total of 25,181,552
      of 46,121,302 (55%)
      of
      the Company’s outstanding Common Stock, approved an amendment to the Company’s
      Articles of Incorporation, which increased the authorized number of common
      shares of the Company from 100,000,000 to 250,000,000. The amendment became
      effective on April 19, 2007.





On
      April
      18, 2007, the Company issued 5,000,000 shares of its Common Stock to Vicis
      pursuant to the terms of that certain Stock Purchase Agreement (the “Purchase
      Agreement”). Pursuant to the Purchase Agreement, the Company sold the Common
      Stock to Vicis at $.01 per share, for a total purchase price of $50,000. The
      purchase price for the Common Stock was paid in cash. Pursuant to the Purchase
      Agreement, Vicis agreed to waive all anti-dilution privileges, preemptive
      rights, and price adjustment rights on all convertible securities held by Vicis,
      except for certain common stock purchase warrants held by Vicis. The issuance
      of
      the Common Stock was exempt from the registration requirements of the Securities
      Act of 1933, as amended, pursuant to Section 4(2) of the Act for transactions
      not involving a public offering and Rule 506 promulgated by the United States
      Securities and Exchange Commission under the Securities Act of 1933, as amended.
      The Common Stock was issued to one institutional investor.





On
      April
      26, 2007, Vicis Capital Master Fund paid the Company an aggregate of $54,861
      and
      exercised all of its outstanding warrants at $0.01 per share. The Company issued
      5,486,100 shares of its restricted common stock.





On
      April
      27, 2007, the Company received written notice from Mr. Port that the February
      Port Note had matured, was past due, and was immediately due and payable. He
      also indicated to the Company that he did not wish to convert the February
      Port
      Note to shares. The Company is unable to pay the February Port Note at this
      time.





On
      April
      27, 2007, Mr. Port notified the Company that he did not intend to further extend
      the April Port Note. Pursuant to the notice provisions of the April Port Note,
      the Maturity Date will be May 30, 2007. The Company does not believe that it
      will have the funds to repay the April Port Note on its due date.





On
      May 4,
      2007, the Company issued an aggregate of 90,000 shares to the members of PetCARE
      TV’s Veterinary Advisory Board. Each member received 10,000 shares for their
      services to be rendered to PetCARE TV during the calendar year 2007. Also on
      May
      4, 2007, the Company issued 100,000 shares of its restricted common stock to
      Tifanie Joudeh, Esq. for services rendered.





On
      May
      16, 2007, the Company and all its subsidiaries entered into a Note Purchase
      Agreement pursuant to which it issued a 10% Secured Promissory Note in the
      principal amount of $200,000 (the “Note”) to Vicis pursuant
      to the exemption from registration found in Section 4(2) of the Securities
      Act
      of 1933. The Note has an effective date of May 1, 2007. The
      principal balance of the Note is due in one lump sum payment on August 10,
      2007
      (the “Maturity Date”). Interest on such principal (or any balance thereof
      outstanding from time to time) accrues at an annual rate of interest of ten
      percent (10%) and is payable on the Maturity Date. As security for the Company’s
      obligations under the Purchase Agreement and the Note, the Company pledged
      all
      of the capital stock of the Company’s subsidiaries, PetCARE TV, African American
      Medical Network, and KidCARE TV (collectively the “Subsidiaries”), pursuant to
      the terms of a Stock Pledge and Escrow Agreement dated February 1, 2007.
      Repayment of the Note is guaranteed by the Subsidiaries and is also secured
      by a
      blanket lien encumbering the assets of the Company and the Subsidiaries.





21


**Results
      of Operations**





The
      following discussion and analysis sets forth the major factors that affect
      the
      Company’s results of operations and financial condition reflected in the
      unaudited financial statements for the three-month period ended March 31, 2007.
      This discussion and analysis should be read in conjunction with the information
      contained in our Annual Report on Form 10-KSB for the fiscal year ended December
      31, 2006, including the audited financial statements and footnotes included
      therein.





***Results
      of Operations - Inception (October 2, 1989) to March 31,
      2007***





From
      inception to March 31, 2007, we had losses totaling $10,922,085. For this
      period, our general and administrative costs totaled $4,622,863 or 60% of total
      operating expenses and our sales and marketing costs totaled $2,879,270 or
      37%
      of total operating expenses. The remainder of operating expense is represented
      by depreciation and amortization that totaled $262,705 or 3% of total operating
      expenses.





***Results
      of Operations - Comparison of Three Months Ending March 31, 2007 and
      2006***





For
      the
      three-month period ending March 31, 2007, we had losses totaling $416,770
      compared to losses of $873,176 for the same period in 2006. This is a favorable
      change of $456,406. During the three-month period ending March 31, 2007 our
      general and administration costs totaled $183,048 compared to $380,375 for
      the
      same period in 2006, which is primarily a result of reduction in legal and
      consulting expense, recovery of prior period expense, and a general reduction
      due to cash shortages. Our sales and marketing costs totaled $54,885 for the
      three months ending March 31, 2007 compared to $362,569 for the same period
      in
      2006. This is a reduction of $307,684 resulting from a general reduction in
      all
      sales and marketing activity due to cash shortages. Depreciation and
      amortization costs totaled $21,004 for the three months ended March 31, 2007
      which includes amortization of certain intangible assets acquired in the
      acquisition of African American Medical Network.





**Liquidity
      and Capital Resources**




We
      have
      approximately $82,000 of cash on hand as of May 15, 2007.  We do not
      believe that our cash on hand and anticipated revenues will be sufficient to
      fund our operations through December 2007. Based on the current rate at which
      we
      are using capital and our debt obligations which mature over the next twelve
      months, we believe that we will need to obtain approximately $4 million to
      continue our operations for the next twelve months.  We do not anticipate
      significant revenues from advertising sales or subscription sales until the
      third quarter of 2007.  We have an aggregate of approximately $2,707,000 of
      debt obligations (including accrued interest) which mature over the next six
      months and an aggregate of approximately $1,783,000 of debt obligations
      (including accrued interest) which mature over the next twelve months.





The
      foregoing matters raise substantial doubt about the ability of our Company
      to
      continue as a going concern. As such, we are actively seeking external sources
      to satisfy our short-term and long-term capital requirements. We are seeking
      to
      raise this additional capital through a public
      or private sale of debt or equity securities, debt
      financing , or
      short-term loans . We
      currently do not have any financing commitments (binding
      or non-binding) and we cannot
      give any
      assurance that we will be able to secure the additional cash or working capital
      we require
      to continue our operations and
      fully
      implement our business plan. If we do not secure at least $3,800,000 we will
      not
      be able to fully implement our business plan, and if we do not secure at least
      $150,000 we may not be able to continue our plan of operations beyond the next
      thirty days. In the event we are unsuccessful in our efforts to secure
      additional capital, it would have a material adverse effect on the Company's
      results of operations and financial condition.





22


Given
      the
      Company’s uncertain future financial condition, the Company has entered into
      negotiations with Vicis Capital Master Fund, its senior secured lender, to
      discuss the repayment and satisfaction of the Company’s outstanding debt
      obligations to Vicis. Although no definitive agreements have been reached,
      the
      Company is considering the transfer of substantially all of the assets of its
      wholly-owned subsidiaries, PetCARE TV and KidCARE TV, to Vicis in satisfaction
      of its outstanding debt obligations to Vicis. Additionally, the Company also
      has
      also engaged in negotiations with its unsecured convertible debt holders
      regarding the conversion of these debt instruments into shares of the Company’s
      common stock.





From
      inception through March 31, 2007, we incurred interest expense of $1,544,637.
      This amount includes accrued interest totaling $338,152. It also includes (i)
      a
      $250,000 non-cash payment of interest related to the Victus February Note (in
      May 2004, we issued 11,905 shares of our Common Stock at $21.00 per share and
      23,810 Common Stock Purchase Warrants in lieu of $250,000 in interest due),
      (ii)
      a $307,044 payment of interest related to the Edge Notes (which was paid through
      the issuance of 307,044 shares of Series A Zero Coupon Preferred Stock), (iii)
      a
      $312,329 payment of interest related to the Vicis Debentures and Maltzer Note
      (which was paid through the issuance of 312,239 shares of Series B Zero Coupon
      Preferred Stock), and (iv) $32,238 in payment of interest related to certain
      notes which were paid through the issuance of 32,238 shares of Series C Zero
      Coupon Preferred Stock), and (v) an additional $304,874 in interest
      paid.





**Off-Balance
      Sheet Arrangements**





We
      do
      not have any off-balance sheet arrangements.





**Item
              3.**
            **Controls
                and P****rocedures.**





As
      of the
      end of the period covered by this report, an evaluation ****was
      performedunder
      the supervision and with the participation of our
      management, including our chief executive officer and our chief financial
      officer,of the
      effectiveness of the design and operation of ourdisclosure controls and procedures ****as****defined****in Rule
      13a-15(e)under
      the Securities
      and****Exchange
      Act of
      1934.
      Based on that evaluation, our management, including****the**** chief
      executive officer and the chief financial officer,****concluded
      that as
      of the
      date of the evaluation ourdisclosure controls and procedures wereeffective to
      provide****reasonable
      assurance that
      information required to be disclosed in the Company’s periodic filings under the
      Securities Exchange Act****of 1934
      is
      accumulated and communicated to our management, including those officers, to
      allow timely decisions regarding required disclosure. There have been no
      significant changes in our internal control over financial reporting that have
      materially affected, or are reasonably likely to materially affect, our internal
      control over financial reporting during****the
      period covered ****by
      this
      report**.**





**PART
      II - OTHER INFORMATION**





**Item
              1.**
            **Legal
                Proceedings.**





None.





23


**Item
              2.**
            **Unregistered
                Sales of Equity Securities and Use of
                Proceeds.**





***Unregistered
      Sales of Equity Securities***





On
      March
      23, 2007, the Company issued 25,000,000 shares of its common stock, par value
      $.0005 per share (the “Common Stock), to Vicis Capital Master Fund (“Vicis”)
      pursuant to the terms of that certain Stock Purchase Agreement (the “Purchase
      Agreement”) of even date therewith. Pursuant to the Purchase Agreement, the
      Company sold the Common Stock to Vicis at $.01 per share, for a total purchase
      price of $250,000. The purchase price for the Common Stock was paid in cash.
      Pursuant to the Purchase Agreement, Vicis agreed to waive all anti-dilution
      privileges, preemptive rights, and price adjustment rights on all convertible
      securities held by Vicis, except for certain common stock purchase warrants
      held
      by Vicis. The issuance of the Common Stock was exempt from the registration
      requirements of the Securities Act of 1933, as amended, pursuant to Section
      4(2)
      of the Act for transactions not involving a public offering and Rule 506
      promulgated by the United States Securities and Exchange Commission under the
      Securities Act of 1933, as amended. The Common Stock was issued to one
      institutional investor.





The
      Company owed Steve Port $4,932 representing interest accrued through March
      31,
      2007 which was paid through the issuance of 4,932 shares of its Series C Zero
      Coupon Preferred Stock.





The
      Company owed Elaine Edinburg $493 representing
      interest accrued through March 31, 2007 which was paid through the issuance
      of
      494 shares of its Series C Zero Coupon Preferred Stock.





On
      April
      18, 2007, the Company issued 5,000,000 shares of its common stock, par value
      $.0005 per share (the “Common Stock), to Vicis Capital Master Fund (“Vicis”)
      pursuant to the terms of that certain Stock Purchase Agreement (the “Purchase
      Agreement”) of even date therewith. Pursuant to the Purchase Agreement, the
      Company sold the Common Stock to Vicis at $.01 per share, for a total purchase
      price of $50,000. The purchase price for the Common Stock was paid in cash.
      Pursuant to the Purchase Agreement, Vicis agreed to waive all anti-dilution
      privileges, preemptive rights, and price adjustment rights on all convertible
      securities held by Vicis, except for certain common stock purchase warrants
      held
      by Vicis. The issuance of the Common Stock was exempt from the registration
      requirements of the Securities Act of 1933, as amended, pursuant to Section
      4(2)
      of the Act for transactions not involving a public offering and Rule 506
      promulgated by the United States Securities and Exchange Commission under the
      Securities Act of 1933, as amended. The Common Stock was issued to one
      institutional investor.




On
      April
      26, 2007, Vicis Capital Master Fund paid the Company an aggregate of $54,861
      and
      exercised all of its outstanding warrants at $0.01 per share. The Company issued
      5,486,100 shares of its restricted common stock.





On
      May 4,
      2007, the Company issued an aggregate of 90,000 shares to the members of PetCARE
      TV’s Veterinary Advisory Board. Each member received 10,000 shares for their
      services to be rendered to PetCARE TV during the calendar year 2007. Also on
      May
      4, 2007, the Company issued 100,000 shares of its restricted common stock to
      Tifanie Joudeh, Esq. for services rendered.





***Issuer
      Purchases of Equity Securities***





The
      Company did not repurchase any equity securities during the fiscal quarter
      ended
      March 31, 2007.





24


**Item
              3.**
            **Defaults
                upon Senior Securities.**





On
      November 16, 2005, the Company issued a Promissory Note for $200,000 to Carmen
      Bernstein (the “Bernstein Promissory Note”). The Bernstein Promissory Note
      accrues interest at an annual rate of ten percent (10%). The entire principal
      balance plus any accrued but unpaid interest was due on December 14, 2005.
      As of
      the date of this filing, the amounts due thereunder have not been repaid,
      although it has been extended indefinitely by mutual verbal
      agreement.





On
      November 16, 2005, the Company issued a Promissory Note for $100,000 to Laurence
      Wallace (the “Wallace Promissory Note”) at an annual interest rate of eight
      percent (8%). On October 12, 2006, the Company and Mr. Wallace entered into
      a
      letter of extension whereby the maturity date on the Wallace Promissory Note
      was
      extended to April 15, 2007 (the “Extension”). Terms of the Extension include a
      payment of $5,000 on each of October 1, October 15, November 15, and December
      15, 2006, and January 15, February 15, and March 15, 2007, and a final payment
      on April 15, 2007 of $65,000 plus any accrued and unpaid interest. Terms of
      the
      Extension canceled all conversion rights previously granted under the Wallace
      Promissory Note and issued Wallace three-year Common Stock Purchase Warrants
      to
      purchase 100,000 shares of the Company’s Common Stock with a fixed exercise
      price of $0.17 per share. As of May 15, 2007, the balance due is $100,000.
      As of
      the date of this filing, the first three payments required to be made pursuant
      to the Extension have not been made.





On
      February 15, 2006, the Company issued a Convertible Promissory Note to Steven
      J.
      Port for $100,000 (the “February Port Note”) with a maturity date twelve months
      from the date of issuance (the “Maturity Date”) that accrues interest at the
      rate of 20% compounded
      semi-annually. At the option of Port, interest will be paid at the end of each
      quarter in either (i) shares of the Company’s Series C Zero Coupon Preferred
      Stock valued a $1.00 per share, or (ii) cash. With the consent of both the
      Company and Port, the February Port Note may be extended for an additional
      12
      months with the terms of the interest payments remaining the same. The Port
      Note
      is not convertible until the Maturity Date. On the Maturity Date, Port has
      the
      option to convert the February Port Note into shares of the Company’s Common
      Stock at a price equal to forty cents ($0.40), or an amount equal to a twenty
      percent (20%) discount to the then-current market price based on the average
      closing price for the twenty (20) days immediately preceding the conversion,
      with the exception that the Conversion Price shall not be lower than $0.166.
      On
      April 27, 2007, Mr. Port notified the Company that the February Port Note had
      matured and had not been paid, resulting in the Company being in default under
      the terms of the February Port Note. Mr. Port indicated that he did not wish
      to
      extend the February Port Note, did not wish to convert the February Port Note
      into shares, and demanded immediate payment. The Company is unable to pay the
      February Port Note at this time.





**Item
              4.**
            **Submission
                of Matters to a Vote of Security
                Holders.**





On
      April
      17, 2007, the Company’s majority shareholder (holding a total of 25,181,552
      of 46,121,302 (55%)
      of
      the Company’s outstanding Common Stock, approved an amendment to the Company’s
      Articles of Incorporation, which increased the authorized number of common
      shares of the Company from 100,000,000 to 250,000,000. The amendment became
      effective on April 19, 2007.





**Item
              5.**
            **Other
                Information.**





None.


25


**Item
              6.**
            **Exhibits.**





**Exh.
                No.**
            **Date
                of Document**
            **Description
                of Document**3.0
            January
                2, 1997
            Amended
                and Restated Articles of Incorporation of Transition Lifestyle
                Consultants, Inc. (1)3.1
            June
                12, 2002
            Articles
                of Amendment to the Articles of Incorporation (name change to PetCARE
                Television Network, Inc.) (1)3.2
            August
                2, 2002
            Articles
                of Amendment to the Articles of Incorporation (Series A Convertible
                Preferred Stock). (1)3.3
            November
                12, 2003
            Articles
                of Amendment to the Articles of Incorporation (Series B Convertible
                Preferred Stock). (2)3.4
            March
                30, 2004
            Articles
                of Amendment to the Articles of Incorporation (amend Series A Convertible
                Preferred Stock). (2)3.5
            June
                10, 2004
            Articles
                of Amendment to the Articles of Incorporation (amend Series B Convertible
                Preferred Stock). (3)3.6
            March
                25, 2005
            Articles
                of Amendment to the Articles of Incorporation (increase in authorized
                stock). (4)3.7
            April
                21, 2005
            Articles
                of Amendment to the Articles of Incorporation (name change to Medical
                Media Television, Inc.). (4)3.8
            July
                14, 2005
            Articles
                of Amendment to the Articles of Incorporation (Series A Zero Coupon
                Preferred; Series B Zero Coupon Preferred). (5)3.9
            November
                16, 2005
            Articles
                of Merger. (6)3.10
            December
                22, 2005
            Articles
                of Amendment to the Articles of Incorporation (Series C Zero Coupon
                Preferred Stock). (7)3.11
            April
                29, 2007
            Articles
                of Amendment to the Articles of Incorporation (increase in authorized
                common shares)*3.11
            N/A
            Bylaws
                of PetCARE Television Network, Inc. (1)10.0
            May
                16, 2007
            Note
                Purchase Agreement between Medical Media Television, Inc., PetCARE
                Television Network, Inc., African American Medical Network, Inc.,
                KidCARE
                Medical Television Network, Inc. and Vicis Capital Master Fund.
                (*)10.1
            May
                16, 2007
            10%
                Secured Promissory Note to Vicis Capital Master Fund for $200,000.
                (*)23.1
            May
                15, 2007
            Consent
                of Independent Public Accounting Firm (*)31.1
            May
                15, 2007
            Certification
                of Chief Executive Officer of Periodic Report pursuant to Rule 13a-14a
                and
                Rule 14d-14(a). (*)31.2
            May
                15, 2007
            Certification
                of Principal Financial Officer of Periodic Report pursuant to Rule
                13a-14a
                and Rule 15d-14(a). (*)32.1
            May
                15, 2007
            Certification
                of Chief Executive Officer pursuant to 18 U.S.C. Section 1350.
                (*)32.2
            May
                15, 2007
            Certification
                of Principal Financial Officer pursuant to 18 U.S.C. Section 1350.
                (*)


___________________


(1)
            Previously
                filed with Registration Statement on Form SB-2 filed on November
                5,
                2003.


(2)
            Previously
                filed with Form 10-KSB for year ended December 31, 2003 filed on
                March 26,
                2004.


(3)
            Previously
                filed with Form 10-QSB for period ended June 30, 2004 filed on August
                18,
                2004.


(4)
            Previously
                filed with Form 10-QSB for period ended March 31, 2005 filed on May
                16,
                2005.


(5)
            Previously
                filed with Form 10-QSB for period ended June 30, 2005 filed on September
                9, 2005.


(6)
            Previously
                filed with Form 10-QSB for period ended September 30, 2005 filed
                on
                November 21, 2005.


(7)
            Previously
                filed with Form SB-2 filed on February 10, 2006.


(*)
            Filed
                herewith.








**(Remainder
      of page left intentionally blank.)**


26


**SIGNATURES**





In
      accordance with the requirements of the Exchange Act, the Registrant caused
      this
      report to be signed on its behalf by the undersigned, thereunto duly authorized.





Dated:
              May 17, 2007
            MEDICAL MEDIA TELEVISION, INC.By:
            /s/
              Philip M. CohenPhilip
              M. Cohen, President and Chief Executive
              Officer


By:
            /s/
              Donald R. MastropietroDonald
              R. Mastropietro, Vice President Finance and Chief
              Financial Officer





27