U.S. SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549
                      -------------------------------------

                                    FORM 10-QSB
(mark one)
      [ X ]            ANNUAL REPORT PURSUANT TO SECTION 13
                 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
                   FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2003

      [    ]           TRANSITION REPORT UNDER SECTION 13
                 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

                           Commission File No. 0-16355
                       ----------------------------------

                          PRINCETON MEDIA GROUP, INC.
                 (Name of Small Business Issuer in its Charter)

          Ontario, Canada                             98-0082860
          (State or other jurisdiction                 (IRS Employer
          of incorporation or organization)           Identification No.)

            214 Brazilian Avenue, Suite 260, Palm Beach, Florida 33480
                    (Address of principal executive offices)
                                561/309-3169
                          (Issuer's telephone number)
                    -----------------------------------------
Securities registered under Section 12(b) of the Act:  None.

Securities registered under Section 12(g) of the Exchange Act as of
June 30, 2003:
Common Stock, no par value.

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  [  ]

The number of shares outstanding of the issuer's common stock,
no par value, as of August 13, 2003 was 4,178,722.

Transitional Small Business Disclosure Format (check one):

            Yes  [   ]        No  [ X ]


PART I.           FINANCIAL INFORMATION

      Item 1.     Financial Statements (unaudited)

All financial information is expressed in United States dollars.

      INDEX TO FINANCIAL STATEMENTS

         Balance Sheet June 30, 2003

         Statements of Operations and Accumulated Deficit
           for the Three Months Ended June 30, 2003 and 2002
           and for the Six Months Ended June 30, 2003 and 2002

         Statements of Cash Flows
           for the Six Months Ended June 30, 2003 and 2002

         Notes to Financial Statements


      Item 2.     Management's Discussion and Analysis

PART II.          OTHER INFORMATION

      Item 6.     Exhibits and Reports on Form 8-K

Signatures


                          PRINCETON MEDIA GROUP, INC.
                                Balance Sheet
                                June 30, 2003

                                    Assets
Current assets

Cash                                               $          28
Due from affiliates                                       10,453

   Total current assets                                   10,481

Property and equipment                                    43,408
   Less accumulated depreciation                         (43,408)
Property and equipment, net                                    -


Total assets                                        $     10,481

                  Liabilities and Shareholders' Equity (Deficit)

Current liabilities

Accounts payable                                    $    229,410
Accrued expenses                                          50,000
Settlement payable					       -
Advances payable - related parties                       184,918
Note payable                                             250,000
Accrued interest                                          18,782

   Total current liabilities                             733,110

Shareholders' equity (deficit):

Series A Preference Shares                                28,923
Series C Preference Shares                               739,696
Common Stock                                          21,297,570
Deficit                                              (22,788,818)

    Total shareholders' equity (deficit)             (   722,629)

Total liabilities and shareholders' equity          $     10,481

            See accompanying notes to financial statements.


			PRINCETON MEDIA GROUP, INC.

		Statements of Operations and Accumulated Deficit

                                                (Unaudited)

                           Three Months Ended              Six Months Ended
                                June 30,                        June 30,
                          2003            2002              2003        2002


Net revenues         $       -    $          -        $       -    $        -

Costs and operating
  expenses:

Selling and
  administrative     $   5,116    $      2,630        $   5,161     $    2,630
Depreciation                 -           2,170                -          4,340

Income (loss) from
  operations           ( 5,116)       (  4,800)         ( 5,161)      (  6,970)

Net income (loss)      ( 5,116)       (  4,800)         ( 5,161)      (  6,970)

Accumulated deficit,
  beginning of
  period           (22,783,662)    (22,753,248)     (22,783,662)   (22,753,248)

Accumulated deficit,
  end of period   $(22,788,778)   $(22,758,048)    $(22,788,823)  $(22,760,218)

Basic and diluted
  loss per share  $      (0.01)   $   (   0.01)    $    (  0.01)  $    (  0.01)


		See accompanying notes to financial statements.


                          PRINCETON MEDIA GROUP, INC.
                            Statements of Cash Flows

                                   (Unaudited)

                                              Six months ended June 30,
                                                    2003          2002


Cash flows from operating activities:
   Net income (loss)                         $  (  5,161)   $   (  6,970)
     Adjustments to reconcile net loss
     to net cash used in
     operating activities

      Depreciation                                     -           4,340


   Changes in assets and liabilities
     Increase (decrease) in:

      Net cash used in operating
         activities                              ( 5,161)        ( 2,630)

Cash flows from investing activities:

      Net cash provided by (used in)
         investing activities                        -               -

Cash flows from financing activities:

      Proceeds from note payable - affiliate       5,161            1,000

      Net cash provided by
         financing activities                      5,161            1,000

Net decrease in cash                             (    40)	  ( 1,630)

Cash, December 31, 2002 and 2001                      68            1,798

Cash, June 30, 2003 and 2002                 $        28      $        37


             See accompanying notes to consolidated financial statements.



                           PRINCETON MEDIA GROUP, INC.

                          NOTES TO FINANCIAL STATEMENTS

1.   Basis for Presentation

The accompanying unaudited interim financial statements include
the accounts of Princeton Media Group, Inc. ("Princeton"). On
October 27, 1998, Princeton Publishing, Inc. and Firestone
Publishing, Inc., wholly-owned subsidiaries of Princeton Media
Group, Inc., and Kingston Press, Inc., a wholly-owned subsidiary
of Princeton Publishing, Inc., each filed an Assignment for the
Benefit of Creditors (the Assignment(s)), a proceeding governed
under the laws of the State of Florida.  The Assignments were filed
with the Court of the 11th Judicial Circuit in and for Miami-Dade
County, Florida on October 27, 1998.  The Assignment proceeding
gives creditors the opportunity to file proofs of claims.  The
Assignments were filed in order to expedite an orderly sale
and disposition of the assets of the entities and pay claims
in order of priority.  As of the end of 1998, Princeton had no
operations. In the opinion of management, the accompanying unaudited
interim financial statements contain all adjustments (consisting
only of normal recurring accruals) necessary to present fairly the
financial position as of June 30, 2003, and the results of operations
for the three months ended and three months ended June 30, 2003
and 2002 and their cash flows for the three-month periods ended
June 30, 2003 and 2002.  The results of operations for the three months
ended June 30, 2003 are not necessarily indicative of the results to be
expected for the full year.  These statements should be read in conjunction
with the Company's annual report on Form 10-KSB for the year ended
December 31, 2002.

2.   Basic and Dilutive Loss Per Share

Net loss per share is computed using the weighted average number
of shares of common stock outstanding.  Common equivalent shares
from stock options and warrants, and additional shares assuming the
conversion of debentures and preferred shares, are excluded from the
computation as their effect is antidilutive.

For the six months ended June 30, 2003 and 2002, cumulative
dividends of $22,000, respectively, related to preferred Series C have
been added to net loss in the loss per share computation.

The following table sets forth the computation of basic and diluted
loss per share as of June 30, 2003 and 2002:
                                                        2003           2002

Net loss from operations                         $ (   5,161)   $ (    6,970)
  Preferred dividends - Series C                 $ (  22,000)   $ (   22,000)

Net loss to common shareholders   	         $ (  27,161)   $ (   28,970)

Weighted average common shares outstanding         4,178,722       4,178,722

Basic and diluted loss per share:                $ (     .01)   $ (      .01)


ITEM 2  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Forward-looking Statements

Statements contained in this Form 10-QSB regarding the Company's future
prospects or profitability constitute forward-looking statements and as such,
must be considered with caution and with the understanding that various
factors could cause actual results to differ materially from those in such
forward-looking statements.  Such factors include but are not limited to
failure of pending or anticipated acquisitions to be consummated.

CURRENT PLANS

During 2003, management of the Company intends to pursue a plan
of attempting to identify an acquisition that could provide stable
operations in order to restore shareholder value.

Results of Operations

The Company has discontinued operations.  Net loss from operations
for the period consists of minor office expenses, audit fees, and depreciation.

The six months ended June 30, 2003 compared to the six months
ended June 30, 2002:

There were no revenues for the six months ended June 30, 2003 or
for the six months ended June 30, 2002.

Selling, general and administrative expenses were $5,161 for the
six-month period ended June 30, 2003 compared to $2,630 for
the six months ended June 30, 2002, representing an increase
of $2,531.  The increase is due to additional minimal
accounting and Company maintenance expenses.

Net loss for the six-month period ended June 30, 2003 was $5,161,
which represents a decrease of $1,809 compared to the net loss of
$6,970 during the prior-year period.  The decrease is due principally
to the change in maintenance expenses.

Liquidity and Capital Resources

Liquidity and capital resources are discussed in six broad categories:
operating activities, investing activities and financing activities.

During the six-month periods ending June 30, 2003 and 2002 there
were no interest expenses charged to operations.

Cash was reduced to $28 at June 30, 2003 from $68 at December 31, 2002.
Net cash used in operating activities was $5,161 during the six months ended
June 30, 2003 compared to net cash used of $2,630 during the six months
ended June 30, 2002.  The decrease in net cash used in operating
activities in the first six months of 2003 compared to the first six months
of 2002 is a result of accounting and maintenance expenditures.

During the six-month periods ending June 30, 2003 and 2002, there was no
net cash provided by or used in investing activities.

During the six-month period ending June 30, 2003, there was $5,161
provided by financing activities, compared with $1,000 provided by
financing activities during the six-month period ending June 30, 2002.

PART II.  OTHER INFORMATION

Item 5:     Certain Relationships and Related Transactions

The Company shares corporate headquarters office space with Celebrity.
During 2003 and 2002, advances were made to the Company by certain
related parties on short-term bases at nominal interest rates to cover
maintenance costs during the period that management of the
Company is seeking new operations.

Item 6:     Exhibits and Reports on Form 8-K.
(a) Exhibits - None.
(b) Reports on Form 8-K: None.

                                 SIGNATURES

      In accordance with Section 13 and 15 (d) of the Exchange Act of 1934,
the Registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

Date: August 14, 2003


                                             PRINCETON MEDIA GROUP, INC.
                                             /s/ James J. McNamara
                                             By: James J. McNamara,
                                             Chairman of the Board and
                                             Acting Chief Executive Officer

                                             /s/ J. William Metzger
                                             By: J. William Metzger,
                                             Chief Financial Officer


CERTIFICATION BY CHIEF EXECUTIVE OFFICER
PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Princeton Media Group, Inc.
(the "Company") on Form 10-QSB for the period ended June 30, 2003
as filed with the Securities and Exchange Commission on the date
hereof (the "Report"), I, James J. McNamara, Chief Executive Officer
of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 202, that:

1. I have reviewed this Quarterly Report on Form 10-QSB of Princeton Media
Group, Inc.;

2. Based on my knowledge, this Quarterly Report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this Quarterly
Report;

3. Based on my knowledge, the financial statements, and other financial
information included in this Quarterly Report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this Quarterly Report;

4. The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15-d-14) for the registrant and we have:

     (a) designated such disclosure controls and procedures to ensure that
     material information related to the registrant, including its consolidating
     subsidiaries, is made known to us by others within those entities,
     particularly during the period in which this Quarterly Report is being
     prepared;

     (b) evaluated the effectiveness of the registrant's disclosure controls and
     procedures as of a date within 90 days prior to the filing date of this
     Quarterly Report ("Evaluation Date"); and

     (c) presented in the Quarterly Report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;

5. The registrant's other certifying officer and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
the registrant's Board of Directors (or persons performing the equivalent
function):

     (a) all significant deficiencies in the design or operation of internal
     controls which could adversely affect the registrant's ability to record,
     process, summarize and report financial data and have identified for the
     registrant's auditors and material weakness in internal controls; and

     (b) any fraud, whether or not material, that involves management or other
     employees who have significant role in the registrant's internal controls;
     and

6. The registrant's other certifying officer and I have indicated in this
Quarterly Report whether or not there were significant changes in
internal controls or in other factors that could significantly affect
internal controls subsequent to the date of our most recent evaluation,
including any corrective actions with regard to significant deficiencies and
material weaknesses.


                                         Date: August 14, 2003

                                         By: /s/  James J. McNamara
                                             -----------------------------------
                                         James J. McNamara
                                         Chief Executive Officer


CERTIFICATION BY CHIEF FINANCIAL OFFICER
PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Princeton Media Group, Inc.
(the "Company") on Form 10-QSB for the period ended June 30, 2003
as filed with the Securities and Exchange Commission on the date
hereof (the "Report"), I, J. William Metzger, Chief Financial Officer
of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 202, that:

1. I have reviewed this Quarterly Report on Form 10-QSB of Princeton Media
Group, Inc.;

2. Based on my knowledge, this Quarterly Report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this Quarterly
Report;

3. Based on my knowledge, the financial statements, and other financial
information included in this Quarterly Report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this Quarterly Report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15-d-14) for the registrant and we have:

     (a) designated such disclosure controls and procedures to ensure that
     material information related to the registrant, including its consolidating
     subsidiaries, is made known to us by others within those entities,
     particularly during the period in which this Quarterly Report is being
     prepared;

     (b) evaluated the effectiveness of the registrant's disclosure controls and
     procedures as of a date within 90 days prior to the filing date of this
     Quarterly Report ("Evaluation Date"); and

     (c) presented in the Quarterly Report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
the registrant's Board of Directors (or persons performing the equivalent
function):

     (a) all significant deficiencies in the design or operation of internal
     controls which could adversely affect the registrant's ability to record,
     process, summarize and report financial data and have identified for the
     registrant's auditors and material weakness in internal controls; and

     (b) any fraud, whether or not material, that involves management or other
     employees who have significant role in the registrant's internal controls;
     and

6. The registrant's other certifying officers and I have indicated in this
Quarterly Report whether or not there were significant changes in
internal controls or in other factors that could significantly affect
internal controls subsequent to the date of our most recent evaluation,
including any corrective actions with regard to significant deficiencies and
material weaknesses.

                                               Date: August 14, 2003

                                               By: /s/ J. William Metzger
                                                   -----------------------------
                                               J. William Metzger
                                               Chief Financial Officer



Exhibit 99.1

                    CERTIFICATION OF CHIEF EXECUTIVE OFFICER
                       PURSUANT TO 18 U.S.C. SECTION 1350

The undersigned, James J. McNamara, the Chief Executive Officer of
Princeton Media Group, Inc., an Ontario corporation (the "Company"),
pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the
Sarbanes Oxley Act of 2002, hereby certifies that:

(1) the Company's Quarterly Report on Form 10-QSB for the quarter ended
June 30, 2003 (the "Report") fully complies with the requirements of
Section 13(a) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the Company.

                                             /s/James J. McNamara
                                                Chief Executive Officer
Dated August 14, 2003

This certification accompanies this Report on Form 10-QSB pursuant to
Section 906 of the Sarbanes Oxley Act and shall not, except to the extent
required by such Act, be deemed filed by the Company for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended.


Exhibit 99.2

                    CERTIFICATION OF CHIEF FINANCIAL OFFICER
                       PURSUANT TO 18 U.S.C. SECTION 1350

The undersigned, J. William Metzger, the Chief Financial Officer of
Princeton Media Group, Inc., an Ontario corporation (the "Company"),
pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the
Sarbanes Oxley Act of 2002, hereby certifies that:

(1) the Company's Quarterly Report on Form 10-QSB for the quarter ended
June 30, 2003 (the "Report") fully complies with the requirements of
Section 13(a) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the Company.

                                             /s/ J. William Metzger
                                                 Chief Financial Officer
Dated August 14, 2003

This certification accompanies this Report on Form 10-QSB pursuant to
Section 906 of the Sarbanes Oxley Act and shall not, except to the extent
required by such Act, be deemed filed by the Company for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended.