o

| Delaware                                       | 52-1481284                            |
|------------------------------------------------|---------------------------------------|
| (State                or other jurisdiction of | (I.R.S.                Employer       |
| incorporation                or organization)  | Identification                Number) |

| 708                Third Avenue, New York, NY           | 10017                     |
|---------------------------------------------------------|---------------------------|
| (Address                of principal executive offices) | (Zip                Code) |

o

| Large                accelerated filer o                                                                 | Accelerated                filer o         |
|----------------------------------------------------------------------------------------------------------|--------------------------------------------|
|                                                                                                     |                                       |
| Non-accelerated                filer o (Do                not check if a smaller reporting company) | Smaller                reporting company x |

o

----

**PART      I - FINANCIAL INFORMATION**

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

| **MEDIALINK                WORLDWIDE INCORPORATED AND SUBSIDIARIES**                        |
|---------------------------------------------------------------------------------------------|
| **CONSOLIDATED                BALANCE SHEETS**                                              |
| (Unaudited)                                                                                 |
| (In                thousands of dollars, except share and per-share                amounts) |

|                                                                                    |   | **June                30,** |    | **December                31,** |   |
|-----------------------------------------------------------------------------------------|--------|-----------------------------|---------|---------------------------------|--------|
|                                                                                    |   | **2008**                    |    | **2007**                        |   |
| ASSETS                                                                                  |   |                        |    |                       |   |
| Current                Assets:                                                          |   |                        |    |                            |   |   |   |
| Cash                and cash equivalents                                                |   | $                           | 8,275   |                            | $      | 12,732 |   |
| Accounts                receivable, net of allowance for doubtful accounts of           |   |                        |    |                            |   |   |   |
| $184                and $219                                                            |   |                        | 4,103   |                            |   | 4,965 |   |
| Prepaid                expenses                                                         |   |                        | 494     |                            |   | 519 |   |
| Prepaid                and refundable taxes                                             |   |                        | 1,235   |                            |   | 743 |   |
| Deferred                income taxes                                                    |   |                        | 34      |                            |   | 169 |   |
| Other                current assets                                                     |   |                        | 30      |                            |   | 91 |   |
| Total                current assets                                                     |   |                        | 14,171  |                            |   | 19,219 |   |
|                                                                                    |   |                        |    |                            |   |   |   |
| Property                and equipment - net                                             |   |                        | 1,552   |                            |   | 4,542 |   |
| Goodwill                                                                                |   |                        | -       |                            |   | 3,429 |   |
| Deferred                income taxes                                                    |   |                        | 44      |                            |   | 217 |   |
| Other                assets                                                             |   |                        | 713     |                            |   | 738 |   |
|                                                                                    |   |                        |    |                            |   |   |   |
| Total                assets                                                             |   | $                           | 16,480  |                            | $      | 28,145 |   |
|                                                                                    |   |                        |    |                            |   |   |   |
| LIABILITIES                AND STOCKHOLDERS' EQUITY                                     |   |                        |    |                            |   |   |   |
| Current                Liabilities:                                                     |   |                        |    |                            |   |   |   |
| Accounts                payable                                                         |   | $                           | 1,605   |                            | $      | 2,186 |   |
| Accrued                expenses and other current liabilities                           |   |                        | 4,582   |                            |   | 5,140 |   |
| Total                current liabilities                                                |   |                        | 6,187   |                            |   | 7,326 |   |
|                                                                                    |   |                        |    |                            |   |   |   |
| Convertible                debentures, net of unamortized discount of $313 and $422     |   |                        | 4,037   |                            |   | 3,928 |   |
| Other                long-term liabilities                                              |   |                        | 547     |                            |   | 765 |   |
| Total                liabilities                                                        |   |                        | 10,771  |                            |   | 12,019 |   |
|                                                                                    |   |                        |    |                            |   |   |   |
| Commitments                and contingencies                                            |   |                        |    |                            |   |   |   |
|                                                                                    |   |                        |    |                            |   |   |   |
| Stockholders'                Equity:                                                    |   |                        |    |                            |   |   |   |
| Series                A Preferred stock: $.01 par value, authorized 50,000 shares; none |   |                        |    |                            |   |   |   |
| issued                and outstanding                                                   |   |                        | -       |                            |   | - |   |
| Common                stock: $.01 par value, authorized 15,000,000 shares; issued       |   |                        |    |                            |   |   |   |
| 6,529,180                shares in 2008 and 2007                                        |   |                        | 65      |                            |   | 65 |   |
| Additional                paid-in capital                                               |   |                        | 28,666  |                            |   | 28,490 |   |
| Accumulated                deficit                                                      |   |                        | (22,403 | )                               |   | (11,826 | ) |
| Accumulated                other comprehensive loss                                     |   |                        | (276    | )                               |   | (260 | ) |
| Common                stock in treasury (at cost, 101,121 shares)                       |   |                        | (343    | )                               |   | (343 | ) |
| Total                stockholders' equity                                               |   |                        | 5,709   |                            |   | 16,126 |   |
|                                                                                    |   |                        |    |                            |   |   |   |
| Total                liabilities and stockholders' equity                               |   | $                           | 16,480  |                            | $      | 28,145 |   |

----

| **MEDIALINK                WORLDWIDE INCORPORATED AND SUBSIDIARIES**   |
|------------------------------------------------------------------------|
| **CONSOLIDATED                STATEMENTS OF OPERATIONS**               |
| (Unaudited)                                                            |
| (In                thousands, except per-share                amounts) |

|                                                             |   | **For                the six months ended** |    | **For                the three months ended** |   |
|------------------------------------------------------------------|--------|---------------------------------------------|---------|-----------------------------------------------|--------|
|                                                             |   | **June                30,**                 |    | **June                30,**                   |   |
|                                                             |   | **2008**                                    |    | **2007**                                      |   | **2008** |   | **2007** |   |
|                                                             |   |                                        |    |                                          |   |   |   |   |   |
| Revenues                                                         |   | $                                           | 14,137  |                                          | $      | 16,304 |   | $ | 7,036 |   | $ | 8,319 |   |
|                                                             |   |                                        |    |                                          |   |   |   |   |   |   |   |   |   |
| Operating                expenses:                               |   |                                        |    |                                          |   |   |   |   |   |   |   |   |   |
| Direct                costs                                      |   |                                        | 6,111   |                                          |   | 7,944 |   |   | 2,936 |   |   | 4,063 |   |
| Selling,                general, and administrative expenses     |   |                                        | 11,472  |                                          |   | 12,177 |   |   | 5,689 |   |   | 6,030 |   |
| Depreciation                and amortization                     |   |                                        | 1,077   |                                          |   | 955 |   |   | 539 |   |   | 459 |   |
| Goodwill                impairment                               |   |                                        | 3,429   |                                          |   | - |   |   | 3,429 |   |   | - |   |
| Other                impairment charges                          |   |                                        | 2,413   |                                          |   | - |   |   | 2,413 |   |   | - |   |
| Charge                for exit activities                        |   |                                        | 119     |                                          |   | - |   |   | - |   |   | - |   |
|                                                             |   |                                        |    |                                          |   |   |   |   |   |   |   |   |   |
| Total                operating expenses                          |   |                                        | 24,621  |                                          |   | 21,076 |   |   | 15,006 |   |   | 10,552 |   |
|                                                             |   |                                        |    |                                          |   |   |   |   |   |   |   |   |   |
| Operating                loss                                    |   |                                        | (10,484 | )                                             |   | (4,772 | ) |   | (7,970 | ) |   | (2,233 | ) |
| Interest                income (expense) - net                   |   |                                        | (248    | )                                             |   | 61 |   |   | (145 | ) |   | 21 |   |
|                                                             |   |                                        |    |                                          |   |   |   |   |   |   |   |   |   |
| Loss                from continuing operations before taxes      |   |                                        | (10,732 | )                                             |   | (4,711 | ) |   | (8,115 | ) |   | (2,212 | ) |
| Income                tax benefit                                |   |                                        | (155    | )                                             |   | (1,246 | ) |   | (59 | ) |   | (528 | ) |
|                                                             |   |                                        |    |                                          |   |   |   |   |   |   |   |   |   |
| Loss                from continuing operations                   |   |                                        | (10,577 | )                                             |   | (3,465 | ) |   | (8,056 | ) |   | (1,684 | ) |
| Income                from discontinued operations, net of tax   |   |                                        | -       |                                          |   | 2,618 |   |   | - |   |   | - |   |
|                                                             |   |                                        |    |                                          |   |   |   |   |   |   |   |   |   |
| Net                loss                                          |   | $                                           | (10,577 | )                                             | $      | (847 | ) | $ | (8,056 | ) | $ | (1,684 | ) |
|                                                             |   |                                        |    |                                          |   |   |   |   |   |   |   |   |   |
|                                                             |   |                                        |    |                                          |   |   |   |   |   |   |   |   |   |
| Net                loss                                          |   | $                                           | (10,577 | )                                             | $      | (847 | ) | $ | (8,056 | ) | $ | (1,684 | ) |
| Other                comprehensive income (loss)                 |   |                                        | (16     | )                                             |   | 36 |   |   | (11 | ) |   | 29 |   |
|                                                             |   |                                        |    |                                          |   |   |   |   |   |   |   |   |   |
| Comprehensive                loss                                |   | $                                           | (10,593 | )                                             | $      | (811 | ) | $ | (8,067 | ) | $ | (1,655 | ) |
|                                                             |   |                                        |    |                                          |   |   |   |   |   |   |   |   |   |
|                                                             |   |                                        |    |                                          |   |   |   |   |   |   |   |   |   |
| Basic                and diluted income (loss) per common share: |   |                                        |    |                                          |   |   |   |   |   |   |   |   |   |
| Loss                from continuing operations                   |   | $                                           | (1.65   | )                                             | $      | (0.54 | ) | $ | (1.25 | ) | $ | (0.26 | ) |
| Income                from discontinued operations               |   |                                        | -       |                                          |   | 0.41 |   |   | - |   |   | - |   |
|                                                             |   |                                        |    |                                          |   |   |   |   |   |   |   |   |   |
| Net                loss                                          |   | $                                           | (1.65   | )                                             | $      | (0.13 | ) | $ | (1.25 | ) | $ | (0.26 | ) |
|                                                             |   |                                        |    |                                          |   |   |   |   |   |   |   |   |   |
| Weighted                average number of common shares:         |   |                                        |    |                                          |   |   |   |   |   |   |   |   |   |
| Basic                and diluted                                 |   |                                        | 6,428   |                                          |   | 6,363 |   |   | 6,428 |   |   | 6,406 |   |

----

| **MEDIALINK                WORLDWIDE INCORPORATED AND SUBSIDIARIES** |
|----------------------------------------------------------------------|
| **CONSOLIDATED                STATEMENTS OF CASH FLOWS**             |
| (Unaudited)                                                          |
| (In                thousands of dollars)                             |

|                                                                        |   | **For                the six months ended** |    |
|-----------------------------------------------------------------------------|--------|---------------------------------------------|---------|
|                                                                        |   | **June                30,**                 |    |
|                                                                        |   | **2008**                                    |    | **2007** |   |
|                                                                        |   |                                        |    |   |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES:                        |   |                                        |    |   |   |
| Net                loss                                                     |   | $                                           | (10,577 | ) | $ | (847 | ) |
| Adjustments                to reconcile net loss to net cash used in        |   |                                        |    |   |   |   |   |
| operating                activities:                                        |   |                                        |    |   |   |   |   |
| Depreciation                and amortization                                |   |                                        | 1,077   |   |   | 955 |   |
| Deferred                income taxes                                        |   |                                        | 308     |   |   | 449 |   |
| Income                from discontinued operations                          |   |                                        | -       |   |   | (2,618 | ) |
| Goodwill                impairment                                          |   |                                        | 3,429   |   |   | - |   |
| Other                impairment charges                                     |   |                                        | 2,413   |   |   | - |   |
| Other                                                                       |   |                                        | 453     |   |   | 352 |   |
| Changes                in operating assets and liabilities:                 |   |                                        |    |   |   |   |   |
| Accounts                receivable                                          |   |                                        | 876     |   |   | 92 |   |
| Prepaid                expenses and other assets                            |   |                                        | 89      |   |   | 744 |   |
| Prepaid                and refundable taxes                                 |   |                                        | (492    | ) |   | (3,242 | ) |
| Accounts                payable and accrued expenses                        |   |                                        | (1,270  | ) |   | (1,194 | ) |
| Other                liabilities                                            |   |                                        | (261    | ) |   | (194 | ) |
| Net                cash used in operating activities                        |   |                                        | (3,955  | ) |   | (5,503 | ) |
|                                                                        |   |                                        |    |   |   |   |   |
| CASH                FLOWS FROM INVESTING ACTIVITIES:                        |   |                                        |    |   |   |   |   |
| Purchases                of property and equipment                          |   |                                        | (501    | ) |   | (782 | ) |
| Proceeds                from sale of division                               |   |                                        | -       |   |   | 4,513 |   |
| Net                cash provided by (used in) investing activities          |   |                                        | (501    | ) |   | 3,731 |   |
|                                                                        |   |                                        |    |   |   |   |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES:                        |   |                                        |    |   |   |   |   |
| Proceeds                from the issuance of common stock in connection     |   |                                        |    |   |   |   |   |
| with                the exercise of stock options and warrants              |   |                                        | -       |   |   | 213 |   |
| Net                cash provided by financing activities                    |   |                                        | -       |   |   | 213 |   |
|                                                                        |   |                                        |    |   |   |   |   |
| Net                decrease in cash and cash equivalents                    |   |                                        | (4,456  | ) |   | (1,559 | ) |
| Effect                of exchange rate changes on cash and cash equivalents |   |                                        | (1      | ) |   | 19 |   |
| Cash                and cash equivalents at the beginning of period         |   |                                        | 12,732  |   |   | 17,031 |   |
|                                                                        |   |                                        |    |   |   |   |   |
| Cash                and cash equivalents at end of period                   |   | $                                           | 8,275   |   | $ | 15,491 |   |

----

**MEDIALINK        WORLDWIDE INCORPORATED AND SUBSIDIARIES**

**NOTES        TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**

**(In        thousands of dollars, except per-share amounts)**

**1.      Basis of Presentation **

**2.      Subsequent Events**

**3.      Discontinued Operations**

| Gain                on sale of division before income taxes |   | $      | 4,513  |   |
|-------------------------------------------------------------|--------|--------|--------|--------|
| Income                tax expense                           |   |   | 1,895  |   |
|                                                        |   |   |   |   |
| Income                from discontinued operations          |   | $      | 2,618  |   |

----

**MEDIALINK      WORLDWIDE INCORPORATED AND SUBSIDIARIES**

**NOTES      TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS - Continued**

**4.      Goodwill**

**5.      Other Impairment Charges**

**6.      Earnings (Loss) per Share**

|                                                        |   | **Six                months ended June 30,** |      | **Three                months ended June 30,** |   |
|-------------------------------------------------------------|--------|----------------------------------------------|-----------|------------------------------------------------|--------|
|                                                        |   | **2008**                                     |      | **2007**                                       |   | **2008** |   | **2007** |   |
|                                                        |   |                                         |      |                                           |   |   |   |   |   |
| Shares                related to stock options and warrants |   |                                         | 493       |                                           |   | 396,468 |   |   | - |   |   | 276,638 |   |
|                                                        |   |                                         |      |                                           |   |   |   |   |   |   |   |   |   |
| Shares                related to convertible debentures     |   |                                         | 1,074,074 |                                           |   | 1,099,904 |   |   | 1,074,074 |   |   | 1,074,074 |   |

----

**MEDIALINK      WORLDWIDE INCORPORATED AND SUBSIDIARIES**

**NOTES      TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS - Continued**

**7.      Exit Activities**

|                                          |   | **Total** |   | **2003                Plan** |   | **2007                Q3 Plan** |   | **2007                Q4 Plan** |   | **2008                Q1 Plan** |   |
|-----------------------------------------------|--------|-----------|--------|------------------------------|--------|---------------------------------|--------|---------------------------------|--------|---------------------------------|--------|
|                                          |   |      |   |                    |   |                       |   |                       |   |                       |   |
| Balance                at January 1, 2008     |   | $         | 132    |                         | $      | 22                              |   | $                               | 56     |                            | $      | 54 |   |   |   |   |
| Charge                for exit activities     |   |      | 119    |                         |   |                            |   |                            |   |                            |   |   |   | $ | 119 |   |
| Facility                closure cost payments |   |      | (178   | )                            |   | (22                             | )      |                            | (56    | )                               |   | (25 | ) |   | (75 | ) |
|                                          |   |      |   |                         |   |                            |   |                            |   |                            |   |   |   |   |   |   |
| Balance                at June 30, 2008       |   | $         | 73     |                         | $      | -                               |   | $                               | -      |                            | $      | 29 |   | $ | 44 |   |

**8.      Stock Options**

----

**MEDIALINK      WORLDWIDE INCORPORATED AND SUBSIDIARIES**

**NOTES      TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS - Continued**

|                                   | **Employee                Plan** | **Directors’                Plan** |
|----------------------------------------|----------------------------------|------------------------------------------|
|                                   |                             |                                     |
| Expected                term           | 3.82                             | 3.81                                     |
| Expected                volatility     | .5818                            | .5630                                    |
| Expected                dividends      | 0%                               | 0%                                       |
| Risk-free                interest rate | 3.00%                            | 3.63%                                    |

|                                                  |   | **Number                of****shares** |     | **Weighted****Average****Exercise****Price** |   | **Weighted****Average****Fair****Value** |   | **Aggregate****Intrinsic****Value** |   | **Weighted****Average****Remaining                Contractual****Term** |   |
|-------------------------------------------------------|--------|----------------------------------------|----------|----------------------------------------------|--------|------------------------------------------|--------|-------------------------------------|--------|-------------------------------------------------------------------------|--------|
|                                                  |   |                                   |     |                                         |   |                                     |   |                                |   |                                                                    |   |
| Options                outstanding at January 1, 2008 |   |                                   | 762,080  |                                         | $      | 4.83                                     |   |                                |   |                                                                    |   |   |   |   |   |   |
| Options                granted                        |   |                                   | 21,000   |                                         | $      | 2.86                                     |   | $                                   | 1.32   |                                                                    |   |   |   |   |   |   |
| Options                forfeited and expired          |   |                                   | (101,965 | )                                            | $      | 6.66                                     |   |                                |   |                                                                    |   |   |   |   |   |   |
|                                                  |   |                                   |     |                                         |   |                                     |   |                                |   |                                                                    |   |   |   |   |   |   |
| Options                outstanding at June 30, 2008   |   |                                   | 681,115  |                                         | $      | 4.49                                     |   |                                |   |                                                                    | $      | 0 |   |   | 6.89 |   |
|                                                  |   |                                   |     |                                         |   |                                     |   |                                |   |                                                                    |   |   |   |   |   |   |
| Options                exercisable at June 30, 2008   |   |                                   | 338,170  |                                         | $      | 4.66                                     |   |                                |   |                                                                    | $      | 0 |   |   | 5.25 |   |

|                                                  |   | **Number                of****shares** |    | **Weighted****Average****Exercise****Price** |   | **Weighted****Average****Fair****Value** |   | **Aggregate****Intrinsic****Value** |   | **Weighted****Average****Remaining                Contractual****Term** |   |
|-------------------------------------------------------|--------|----------------------------------------|---------|----------------------------------------------|--------|------------------------------------------|--------|-------------------------------------|--------|-------------------------------------------------------------------------|--------|
|                                                  |   |                                   |    |                                         |   |                                     |   |                                |   |                                                                    |   |
| Options                outstanding at January 1, 2008 |   |                                   | 240,600 |                                         | $      | 5.11                                     |   |                                |   |                                                                    |   |   |   |   |   |   |
| Options                granted                        |   |                                   | 24,000  |                                         | $      | 4.25                                     |   | $                                   | 1.94   |                                                                    |   |   |   |   |   |   |
| Options                forfeited and expired          |   |                                   | (47,400 | )                                            | $      | 7.25                                     |   |                                |   |                                                                    |   |   |   |   |   |   |
|                                                  |   |                                   |    |                                         |   |                                     |   |                                |   |                                                                    |   |   |   |   |   |   |
| Options                outstanding at June 30, 2008   |   |                                   | 217,200 |                                         | $      | 4.55                                     |   |                                |   |                                                                    | $      | 0 |   |   | 6.30 |   |
|                                                  |   |                                   |    |                                         |   |                                     |   |                                |   |                                                                    |   |   |   |   |   |   |
| Options                exercisable at June 30, 2008   |   |                                   | 159,867 |                                         | $      | 4.61                                     |   |                                |   |                                                                    | $      | 0 |   |   | 5.38 |   |

----

**MEDIALINK        WORLDWIDE INCORPORATED AND SUBSIDIARIES**

**NOTES        TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS - Continued**

**9.      Supplemental Cash Flow Information:**

|                                   |   | **2008** |   | **2007**     |   |
|----------------------------------------|--------|----------|--------|--------------|--------|
|                                   |   |     |   |    |   |
| Interest                paid           |   | $        | 213    |         | $      | 218 |   |
|                                   |   |     |   |         |   |   |   |
| Income                taxes paid - net |   | $        | 29     |         | $      | 1,570 |   |

**10.      Segment Information**

|                                                        |   | **Six                months ended June 30,** |    | **Three                months ended June 30,** |   |
|-------------------------------------------------------------|--------|----------------------------------------------|---------|------------------------------------------------|--------|
|                                                        |   | **2008**                                     |    | **2007**                                       |   | **2008** |   | **2007** |   |
| *Revenues:*                                                 |   |                                         |    |                                      |   |    |   |    |   |
| Media                communications services                |   | $                                            | 11,667  |                                           | $      | 14,828 |   | $ | 5,711 |   | $ | 7,562 |   |
| Digital                video tracking services              |   |                                         | 2,470   |                                           |   | 1,476 |   |   | 1,325 |   |   | 757 |   |
|                                                        |   |                                         |    |                                           |   |   |   |   |   |   |   |   |   |
| Total                                                       |   | $                                            | 14,137  |                                           | $      | 16,304 |   | $ | 7,036 |   | $ | 8,319 |   |
|                                                        |   |                                         |    |                                           |   |   |   |   |   |   |   |   |   |
|                                                        |   |                                         |    |                                           |   |   |   |   |   |   |   |   |   |
| *Operating                income (loss):*                   |   |                                         |    |                                           |   |   |   |   |   |   |   |   |   |
| Media                communications services                |   | $                                            | (537    | )                                              | $      | 94 |   | $ | (211 | ) | $ | 37 |   |
| Digital                video tracking services              |   |                                         | (1,631  | )                                              |   | (2,054 | ) |   | (806 | ) |   | (998 | ) |
|                                                        |   |                                         |    |                                           |   |   |   |   |   |   |   |   |   |
| Total                                                       |   |                                         | (2,168  | )                                              |   | (1,960 | ) |   | (1,017 | ) |   | (961 | ) |
| Corporate                and other business activities      |   |                                         | (2,355  | )                                              |   | (2,812 | ) |   | (1,111 | ) |   | (1,272 | ) |
| Goodwill                impairment                          |   |                                         | (3,429  | )                                              |   |   |   |   | (3,429 | ) |   |   |   |
| Other                impairment charges                     |   |                                         | (2,413  | )                                              |   | - |   |   | (2,413 | ) |   | - |   |
| Charges                for exit activities                  |   |                                         | (119    | )                                              |   | - |   |   | - |   |   | - |   |
| Interest                income (expense) - net              |   |                                         | (248    | )                                              |   | 61 |   |   | (145 | ) |   | 21 |   |
|                                                        |   |                                         |    |                                           |   |   |   |   |   |   |   |   |   |
| Loss                from continuing operations before taxes |   | $                                            | (10,732 | )                                              | $      | (4,711 | ) | $ | (8,115 | ) | $ | (2,212 | ) |

----

**MEDIALINK      WORLDWIDE INCORPORATED AND SUBSIDIARIES**

**NOTES      TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS - Continued**

|                                                   |   | **June                30,** |   | **December                31,** |   |
|--------------------------------------------------------|--------|-----------------------------|--------|---------------------------------|--------|
|                                                   |   | **2008**                    |   | **2007**                        |   |
| *Total                assets:*                         |   |                        |   |                            |   |   |   |
| Media                communications services           |   | $                           | 5,974  |                            | $      | 11,405 |   |
| Digital                video tracking services         |   |                        | 1,806  |                            |   | 3,579 |   |
| Corporate                and other business activities |   |                        | 8,700  |                            |   | 13,161 |   |
|                                                   |   |                        |   |                            |   |   |   |
| Total                                                  |   | $                           | 16,480 |                            | $      | 28,145 |   |

----

**Item      2. **
***Management’s      Discussion and Analysis of Financial Condition and Results of      Operations***

**Results      of Operations**

*Six      months ended June 30, 2008, compared to six months ended June 30,      2007*

----

*Three      months ended June 30, 2008, compared to three months ended June 30,      2007*

----

**Financial      Condition**

**Critical      Accounting Policies**

----

**Item      3. **
***Quantitative      and Qualitative Disclosures About Market Risk***

**Item      4T. **
***Controls      and Procedures***

----

**PART      II. OTHER INFORMATION**

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

**Item      1A. **
***Risk      Factors***

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

|   | 1. | To                elect the following three directors of the Company for terms expiring                at                the annual meeting of stockholders in                2011: |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                              | Shares                Voted For | Shares                Withheld |
|-----------------------------------|---------------------------------|--------------------------------|
|                              |                            |                           |
| Harold                Finelt      | 4,598,275                       | 484,953                        |
| Laurence                Moskowitz | 4,598,275                       | 484,953                        |
| Jeffrey                Stone      | 4,598,275                       | 484,953                        |

|   | 2. | To                ratify the appointment of KPMG LLP as the Company’s independent registered                public accounting firm for the fiscal year ending December 31,                2008. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Shares                Voted For | Shares                Voted Against | Shares                Withheld |
|---------------------------------|-------------------------------------|--------------------------------|
|                            |                                |                           |
| 4,933,786                       | 149,342                             | 100                            |

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

----

**SIGNATURES**

|                                  | MEDIALINK                WORLDWIDE INCORPORATED                                                                                                               |
|---------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                  | (Registrant)                                                                                                                                                  |
|                                  |                                                                                                                                                          |
|                                  |                                                                                                                                                          |
|                                  | By:                /s/ Laurence Moskowitz                                                                                                                     |
|                                  | Laurence                Moskowitz                                                                                                                             |
|                                  | Chairman                of the Board, Chief Executive Officer, and President                                                                                  |
|                                  | (Principal                Executive Officer)                                                                                                                  |
| Dated:                August 19, 2008 |                                                                                                                                                          |
|                                  |                                                                                                                                                          |
|                                  |                                                                                                                                                          |
|                                  | By:                /s/ Kenneth G. Torosian                                                                                                                    |
|                                  | Kenneth                G. Torosian                                                                                                                            |
|                                  | Chief                Financial Officer, Treasurer, and Secretary (Principal                Financial Officer and Principal Accounting                Officer) |

----

**EXHIBIT      INDEX**

| Exhibit                No. | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|----------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 2.1                        | Asset                Purchase Agreement dated as of September 29, 2006, between Medialink                Worldwide Incorporated and PR Newswire Association, LLC (Incorporated                by                reference to Exhibit 2.1 of the Registrant’s Current Report on Form 8-K                filed on October 5, 2006).                                                                                                                                                                                                                                                            |
| 3.1                        | Amended                and Restated Certificate of Incorporation of Medialink Worldwide                Incorporated (Incorporated by reference to Exhibit No. 2.5 of Registrant’s                Registration Statement on Form 8-A filed on January 16, 1997 (File                No.                000-21989)).                                                                                                                                                                                                                                                                           |
| 3.2                        | Amended                and Restated By-Laws of Medialink Worldwide Incorporated dated November                8,                2007 (Incorporated by reference to Exhibit No. 3.2 of Registrant’s Current                Report on Form 8-K filed on November 13, 2007).                                                                                                                                                                                                                                                                                                                    |
| 4.1                        | Preferred                Stock Rights Agreement, dated as of August 16, 2001, between Medialink                Worldwide Incorporated and Mellon Investor Services, LLC, including                the                Certificate of Designation, the form of Rights Certificate and the                Summary                of Rights attached thereto as Exhibits A, B, and C, respectively                (Incorporated by reference to Exhibit No. 4.1 of Registrant’s Registration                Statement on Form 8-A filed on August 16, 2001 (File No.                000-21989)). |
| 10.1                       | Amended                and Restated Employment Agreement, dated as of December 31, 2005,                by and                between Medialink Worldwide Incorporated and Laurence Moskowitz                (Incorporated by reference to Exhibit No. 10.1 of the Registrant’s Annual                Report on Form 10-K for the fiscal year ended December 31,                2005).                                                                                                                                                                                                       |
| 10.2                       | Amended                and Restated Employment Agreement, dated as of August 28, 2001, by                and                between Medialink Worldwide Incorporated and J. Graeme McWhirter                (Incorporated by reference to Exhibit No. 10.2 of Registrant’s Annual                Report on Form 10-K for the fiscal year ended December 31,                2001).                                                                                                                                                                                                            |
| 10.3                       | Separation                Agreement and General Release, dated as of December 30, 2005, by                and                between Medialink Worldwide Incorporated and J. Graeme McWhirter                (Incorporated by reference to Exhibit No. 10.3 of the Registrant’s Annual                Report on Form 10-K for the fiscal year ended December 31,                2005).                                                                                                                                                                                                       |
| 10.4                       | Asset                Purchase Agreement, dated December 31, 2004, by and between Medialink                Worldwide Incorporated and Bacon’s Information Inc. (Incorporated by                reference to Exhibit No. 10.1 of the Registrant’s Current Report on Form                8-K/A filed on March 14, 2005).                                                                                                                                                                                                                                                                  |
| 10.5                       | Agreement                for the Sale and Purchase of Certain Assets of Medialink UK Limited                forming part of the Delahaye Business, dated December 31, 2004, by                and                between Medialink UK Limited and Romeike Limited (Incorporated by                reference to Exhibit No. 10.2 of the Registrant’s Current Report on Form                8-K/A filed on March 14, 2005).                                                                                                                                                                    |
| 10.7                       | Medialink                Worldwide Incorporated 401(k) Employee Savings Plan (Incorporated                by                reference to Exhibit No. 10.7 of the Registrant’s Quarterly Report on Form                10-Q for the quarterly period ended September 30,                2006).                                                                                                                                                                                                                                                                                                |
| 10.8                       | Medialink                Worldwide Incorporated Amended and Restated Stock Option Plan                (Incorporated by reference to Exhibit No. 10.8 of the Registrant’s Annual                Report on Form 10-K for the fiscal year ended December 31,                2006).                                                                                                                                                                                                                                                                                                              |
| 10.9                       | Medialink                Worldwide Incorporated Amended and Restated 1996 Directors Stock                Option                Plan (Incorporated by reference to Exhibit No. 10.9 of the Registrant’s                Quarterly Report on Form 10-Q for the quarterly period ended March                31,                2006).                                                                                                                                                                                                                                                            |
| 10.12                      | Employment                Agreement, dated as of July 11, 2005, by and between Medialink Worldwide                Incorporated and Kenneth G. Torosian (Incorporated by reference to                Exhibit                No. 10.12 of Registrant’s Quarterly Report on Form 10-Q for the quarterly                period ended September 30, 2005).                                                                                                                                                                                                                                        |
| 10.13                      | Employment                Agreement, dated as of September 9, 2005, by and between Medialink                Worldwide Incorporated and Lawrence A. Thomas (Incorporated by reference                to Exhibit No. 10.13 of Registrant’s Quarterly Report on Form 10-Q for the                quarterly period ended September 30, 2005).                                                                                                                                                                                                                                                    |
| 10.14(a)                   | Technology                License Agreement dated as of April 8, 2002, by and between Koninklijke                Philips Electronics, N.V., and TTX Limited (Incorporated by reference                to                Exhibit No. 10.14(a) of Registrant’s Annual Report on Form 10-K for the                fiscal year ended December 31, 2007).                                                                                                                                                                                                                                         |
| 10.14(b)                   | Joinder                and First Amendment to the Technology License Agreement dated as                of                January 1, 2003, by and among Koninklijke Philips Electronics, N.V.,                TTX                Limited, and TTX (US) LLC (Incorporated by reference to Exhibit No.                10.14(b) of Registrant’s Annual Report on Form 10-K for the fiscal year                ended December 31, 2007).                                                                                                                                                          |
| 31.1                       | Certification                of the principal executive officer pursuant to Rules 13a-14(a) and                15d-14(a) of the Securities Exchange Act of 1934, as                amended.                                                                                                                                                                                                                                                                                                                                                                                                        |
| 31.2                       | Certification                of the principal financial officer pursuant to Rules 13a-14(a) and                15d-14(a) of the Securities Exchange Act of 1934, as                amended.                                                                                                                                                                                                                                                                                                                                                                                                        |
| 32                         | Certification                of the principal executive officer and principal financial officer                pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section                906 of                the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                                                                                             |

----