UNITED
      STATES SECURITIES AND EXCHANGE COMMISSION


Washington,
      D.C. 20549





Form
      10-KSB





(Mark
      One)


x ANNUAL
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934


For
      the
      fiscal year ended December 31, 2006





o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE


SECURITIES
      EXCHANGE ACT OF 1934


For
      the
      transition period from ______________ to________________




Commission
      file number 333-136614





Cassidy
      Media, Inc.


(Name
      of
      small business issuer in its charter)





Nevada
            
            20-5022973(State
                or other jurisdiction of
            
            (I.R.S.
                Employer Identification No.)incorporation
                or organization)








Cassidy
      Media, Inc.


P.O.
      Box
      49, 134 Suncook Valley Road,


Center
      Barnstead, New Hampshire 03225


(Address
      of principal executive offices)


(Zip
      Code)





Issuer’s
      telephone number Phone: (702) 943-0714








Securities
      registered under Section 12(b) of the Exchange Act:


Title
      of
      each class


None


Name
      of
      each exchange on which registered


N/A


Securities
      registered under Section 12(g) of the Exchange Act:


common
      stock, par value $0.001


(Title
      of
      class)





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





1


Check
      if
      there is no disclosure of delinquent filers in response to Item 405 of
      Regulation S-B contained in this form, and no disclosure will be contained,
      to
      the best of registrant’s knowledge, in definitive proxy or information
      statements incorporated by reference in Part III of this Form 10-KSB or any
      amendment to this Form 10-KSB. ____





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





State
      issuer’s revenues for its most recent fiscal year. 0





The
      aggregate market value of the voting and non-voting common equity held by
      non-affiliates computed by reference to the price at which the common equity
      was
      sold, or the average bid and asked price of such common equity, as of March
      26,
      2007, was 0, as there is no bid and ask price of the stock.





As
      of
      March 26, 2007, we had outstanding 12,000,000 shares of common stock issued
      and
      outstanding.




DOCUMENTS
      INCORPORATED BY REFERENCE: None





Transitional
      Small Business Disclosure Format (Check one): Yes oNo x


2


TABLE
      OF
      CONTENTS


Page


Cautionary
      Statement for Forward Looking Information





PART
                IItem
                1.
            Description
                of Business
            4Item
                2.
            Description
                of Property
            9Item
                3.
            Legal
                Proceedings
            9Item
                4.
            Submission
                of Matters to a Vote of Security Holders
            9PART
                IIItem
                5.
            Market
                for Common Equity and Related Stockholder Matters
            9Item
                6.
            Management's
                Discussion and Analysis or Plan of Operation
            13Item
                7.
            Financial
                Statements
            16Item
                8.
            Changes
                in and Disagreements with Accountants on Accounting and Financial
                Disclosure
            17Item
                8A.
            Controls
                and Procedures
            17Item
                8B.
            Other
                Information
            17PART
                IIIItem
                9.
            Directors,
                Executive Officers, Promoter and Control Persons; Compliance with
                Section
                16(a) of the Exchange Act
            17Item
                10.
            Executive
                Compensation
            18Item
                11.
            Security
                Ownership of Certain Beneficial Owners and Management
                and Related Stockholder Matters
            21Item
                12.
            Certain
                Relationships and Related Transactions; Director
                Independence
            21Item
                13.
            Exhibits
            22Item
                14.
            Principal
                Accountant Fees and Services
            22SIGNATURES





3


**CAUTIONARY
      STATEMENT REGARDING FORWARD-LOOKING STATEMENTS**





This
      Annual Report contains forward-looking statements that involve risks and
      uncertainties. These statements relate to future events or future financial
      performance. 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 Annual Report. Forward-looking statements are often identified by
      words like: "believe", "expect", "estimate", "anticipate", "intend", "project"
      and similar expressions or words 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, including the risks discussed in Item 1 under the caption
“Factors that May Affect Future Results”, 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. In addition, you are directed
      to
      factors discussed in Items 1 (Business), 6 (Management's Discussion and Analysis
      or Plan of Operation) as well as those discussed elsewhere in this Annual
      Report.





While
      these forward-looking statements, and any assumptions upon which they are based,
      are made in good faith and reflect our current judgment regarding the direction
      of our business, actual results will almost always vary, sometimes materially,
      from any estimates, predictions, projections, assumptions or other future
      performance suggested herein. 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.





As
      used
      in this Annual Report, references to “our company,” “Company,” “we” or “us”
refers to Cassidy Media, Inc., unless otherwise specifically stated or the
      context requires otherwise.





**ITEM
      1. Description of Business**





Our
      Corporate History





We
      were
      incorporated under Nevada law on June 7, 2006. We are a development stage
      company that has not generated any revenue. We have no employees other than
      our
      two officers who also serve on our board.





Since
      inception, we have focused on becoming an online marketing and media solutions
      firm as well as an offering of our shares to raise capital. On October 15,
      2006,
      we closed our offering to the public of 3,000,000 shares of our common stock
      pursuant to a registration statement filed with the Securities and Exchange
      Commission. We generated gross proceeds of $90,000.





4


Our
      offices are located at. P.O. Box 49, 134 Suncook Valley Road, Center Barnstead,
      New Hampshire 03225. Our telephone number is (702) 943-0714.





**Summary**





We
      have
      not generated any revenue to date from our business and are a development stage
      company. We are focused on becoming an online marketing and media solutions
      firm
      to maximize the value of our clients' advertising and e-Business by providing
      effective online marketing. We expect to attain this goal by providing clients
      with assistance through the creative process, production, planning and placement
      of online advertisements.




Over
      the
      past few years, corporations have increasingly recognized the tremendous
      potential advantages of online marketing. These advantages include;





·
              Instant
                  ability to buy - consumers can purchase on impulse.·
              Permission
                  Marketing - ads can be targeted to a market of consumers who choose
                  to see
                  the advertisements.·
              Viral
                  Marketing - appealing media spreads like wildfire on the
                  internet.·
              Adaptive
                  Marketing - media can be adapted in response to ongoing market
                  research.·
              Economies
                  of Scale - 24 hour worldwide accessibility lowers the per-viewing
                  cost.·
              Ease
                  of Information - consumers can learn about a product or service
                  at their
                  convenience.·
              Measurement
                  - results can be measured easily and
                  effectively.


We
      hopes
      to assist prospective clients to realize these advantages by building a
      management team that is both experienced and respected in the field of
      advertising. Once in place, management will then recruit personnel for both
      the
      technical and creative staff and begin operations.





We
      do not
      have sufficient capital to operate our business and will require additional
      funding to sustain operations through the next twelve months. There is no
      assurance that we will have revenue in the future or that we will be able to
      secure the necessary funding to develop our business.





**On-Line
      Advertising Overview**





Online
      advertising expenditures are expected to continue to grow in the coming years.
      However, the industry remains largely fragmented and without an established
      leader. As the industry expands, businesses are eagerly seeking higher returns
      on their advertising dollars. Many potential advertisers, particularly those
      who
      have relied heavily on passive reception of their TV and radio ads, have not
      yet
      committed substantial portions of their advertising budgets to online media.





5


**Objectives**





We
      hope
      to facilitate more diverse advertising opportunities and to enable higher
      returns on advertising investments for our clients by producing effective online
      media that will provide businesses with increased sales, successful branding,
      and ultimately more profits.





**Products
      and Services**





In
      comparison to other media, online advertising has the unique capacity of being
      targeted and adapted based on consumers behaviors, facilitating immediate sales,
      and accurately measuring consumer responses to advertisements. The impact of
      traditional banner advertising campaigns has been limited. The online industry
      has recognized the need for more effective online advertising products. As
      a
      result, we will focus on developing products and services that engage online
      users and encourage their interaction. The Company’s capacity to quickly deliver
      content in a highly appealing fashion will allow more effective uses of
      corporate online marketing budgets, generate significantly higher returns on
      advertising investments, and will thus revolutionize the online advertising
      industry. The company’s core offering will be media marketing products, which
      include the following:




·
              Development
                  of dynamic, interactive web sites that combine content and style·
              Effective
                  online advertising tools such as on-line commercials and flash
                  banners·
              Presentations
                  on the internet, compact disc or other media


**Web
      Site Development**





Since
      internet use has exploded over the last decade, large corporations have all
      created internet sites. Today, premium internet site development is a business
      requirement for all companies. We will offer internet site development services
      that will be appealing, user-friendly, sophisticated, informative and
      interactive.





**Internet
      Commercials**  **&**  **Flash
      Banners**





This
      product is designed to allow clients to reap rewards from the convergence of
      television and online advertising by delivering television style commercials
      in
      5-7 second (typically) online commercials. Since internet commercials are a
      short, targeted, sophisticated form of advertisement that closely resembles
      television ads, they are more likely to be viewed than other online advertising
      media.





While
      traditional banners have not been as effective as hoped, there is a continuing
      demand for banner advertisements in online media. We will provide this service
      to clients at their request.


6


**Presentations**





This
      product is intended to enable clients to capitalize on the ability to make
      product demonstrations and online manuals available to the worldwide market
      24
      hours a day, thus greatly reducing per-viewing costs. Corporations utilize
      this
      product to present their products to qualified consumers, and the consumers
      can
      instantly proceed to a linked e-commerce destination that processes orders
      for
      the product. Additionally, presentations can be provided on CD or MP-3
      formats.





**Marketing**





Our
      primary customers are advertising and marketing executives of large corporations
      whose primary goals are creating corporate image, brand recognition and
      maximizing profits from online sales. The foremost challenge that most companies
      face is delivering a captivating and effective message quickly. Internet users
      exercise control over their online experience, which creates greater
      difficulties in engaging a user's attention online than on traditional broadcast
      media, such as radio or television, which relies on the passive reception of
      messages. Therefore, an effective Internet advertisement must capture and keep
      the attention of its target viewer in order for it to be effective.





A
      secondary challenge faced by most companies is difficulty in differentiation.
      The number of internet sites and internet advertisements has increased
      dramatically, due in part to growth in the number of internet users, the advent
      of easy-to-use Web site authoring software and the continuing growth of
      electronic commerce. As a result, internet publishers increasingly face
      difficulty in differentiating themselves to prospective advertisers and in
      gaining access to advertising decision makers.





We
      intend
      to help our clients acquire and retain their customers by delivering content
      in
      a way that engages the user and allows him/her to interact with the medium.
      Consumers use the internet for two reasons - to get information and/or to be
      entertained. We believe that by creating interesting, appealing internet
      advertising, companies can attract and keep users, thereby exposing them to
      more
      branding and more advertisements, thus maximizing the return on the clients’
online advertising investments.





Over
      the
      next twelve months we hope to develop a sales and marketing strategy that will
      employ a number of promotional tools to reach prospective clients. These tools
      will include high impact television advertising in business and technology
      programs, print advertising in business and technology, general news and
      advertising industry publications, Internet marketing via use of internet
      commercials, cooperative advertising, trade shows, and other
      events.




We
      will
      also use our own production skills to develop advertisements to market itself
      on
      the internet and to help establish our own brand. We may also employ direct
      marketing campaigns utilizing our products to demonstrate the effectiveness
      of
      our services.





7


We
      recognize that our current management and Board of Directors do not have
      sufficient marketing experience to create and execute an effective marketing
      plan. Accordingly, it is our intention to seek out a consulting firm(s) that
      specializes in this arena.





**Competition**





The
      internet advertising industry is highly competitive. The services we plan to
      introduce will encounter strong competition from many other advertising firms,
      including many with greater financial resources than ours. As the global
      advertising market continues to expand, we expect there to be significant
      competition from companies similar to ours, as well as from larger and more
      established companies. Our competitors include;





1.
      ValueClick, Inc. operates as an online marketing services company worldwide.
      It
      offers a suite of products and services that enable marketers to advertise
      and
      sell their products through various online marketing channels. The company
      operates in three segments: Media, Affiliate Marketing, and Technology. The
      Media segment provides a range of online media solutions in the categories
      of
      display/Web advertising, lead generation marketing, email marketing, search
      marketing, comparison shopping, and promotional and industry-focused online
      content to advertisers and advertising agencies. It also sells consumer products
      directly to end-user consumers through its own e-commerce Websites. ValueClick
      was founded in 1998 and is based in Westlake Village, California





2.
      The
      Interpublic Group of Companies, Inc. and its subsidiaries, an advertising and
      marketing services company, provides custom marketing solutions primarily in
      the
      United States. Its services include advertising, marketing and corporate
      communications, public relations, sales promotion, event marketing, sports
      and
      entertainment marketing and corporate, and brand identity services. The company
      primarily operates in the United States, Europe, the United Kingdom, Asia
      Pacific, and Latin America. The Interpublic was founded in 1902. It was formerly
      known as McCann-Erickson Incorporated and changed its name to The Interpublic
      Group of Companies, Inc. in 1961. The company is headquartered in New York
      City.





3.
      Adsouth Partners, Inc. operates as an advertising agency with a focus on direct
      response marketing in the United States and Canada. The company provides various
      advertising services primarily comprising the placement of advertising in
      television, Internet, and print media outlets; the production of advertising
      content, including television commercials, print advertising, and other graphics
      design literature; and advertising and marketing consulting services. Adsouth
      Partners was founded in 2003.








**Employees**





We
      have
      no full time employees at this time. All functions including development,
      strategy, negotiations and clerical are currently being provided by our officers
      on a voluntary basis.




8


**ITEM
      2. Description of Property**





We
      do not
      lease or own any real property. We maintain our corporate offices at 134 Suncook
      Valley Road, Center Barnstead, New Hampshire 03225 in space provided to us
      at no
      cost by an officer. We believe that this space will be sufficient until we
      start
      generating revenues and need to hire employees





**ITEM
      3.**  **Legal
      Proceedings**





There
      are
      no pending legal proceedings to which we are a party or in which any of our
      directors, officers or affiliates, any owner of record or beneficially of more
      than 5% of any class of our voting securities, or security holder is a party
      adverse to us or has a material interest adverse to us. Our property is not
      the
      subject of any pending legal proceedings.





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





There
      was
      no matter submitted to a vote of security holders during the fiscal quarter
      ended December 31, 2006.








**PART
      II**





ITEM
      5. **Market
      for Common Equity and Related Stockholder Matters**





**Market
      Information**





Our
      common stock has been quoted on the OTC Bulletin Board under the symbol
      "CASD.OB" since December 2006. The price of our stock since such time has been
      zero





**Record
      Holders**





On
      March
      26 2007, we had approximately 41 holders of record of our common stock.





**Dividends**





We
      have
      not declared or paid any cash dividends on our common stock nor do we anticipate
      paying any in the foreseeable future. Furthermore, we expect to retain any
      future earnings to finance its operations and expansion. The payment of cash
      dividends in the future will be at the discretion of our Board of Directors
      and
      will depend upon our earnings levels, capital requirements, any restrictive
loan
      covenants and other factors the Board considers relevant.




9


**Transfer
      Agent**





Our
      transfer agent is Island Stock Transfer, 100 Second Avenue South, Suite 104N,
      St. Petersburg, Florida 33701, telephone number 727-289-0010.








**Sales
      of Unregistered Securities**





In
      June
      2006, we issued 8,000,000 shares of our common stock to Kimberly A. Hennessey,
      our President, Chief Executive Officer, Chief Financial Officer and a
      Director, and 500,000 shares of our common stock to Nicole Gagne, our Secretary,
      in consideration for services in connection with the founding of our company.
      Our Board of Directors determined the fair value of the shares at a per share
      amount equal to the par value of our common stock, $0.0001 per share. As a
      result the fair value of the shares issued to Ms. Hennessey was $800 and the
      fair value of the shares issued to Ms. Gagne was $50. The shares were issued
      under Section 4(2) of the Securities Act of 1933, as amended.





In
      June,
      2006 we issued 500,000 shares of common stock to 41 investors in a private
      placement. The aggregate consideration paid for such shares was $9,000.00.
      In
      this private placement, we sold 450,000 shares of common stock to 40 investors
      who were non-US persons (as defined under SEC Regulations) pursuant to the
      exemption from the registration requirements of the Securities Act provided
      by
      Regulation S, and we sold 50,000 shares of common stock to one investor pursuant
      to an exemption under Section 4(2) of the Securities Act. None of the investors
      were accredited investors (as such term is defined under Rule 501 of Regulation
      D). Further, we conducted the private placement without any general solicitation
      or advertisement and a restriction on resale. We provided all investors in
      the
      June and July of 2006 private placement with a subscription
      agreement








**Purchases
      of Our Equity Securities**





Neither
      we nor any of our affiliates purchased any equity securities from our
      stockholders during our fiscal quarter ended December 31, 2006.





**Securities
      Authorized for Issuance under Equity Compensation Plans**





We
      not
      have any compensation plan under which equity securities are authorized for
      issuance





**Description
      of Our Securities**





Our
      authorized capital stock consists of 500,000,000 shares of common stock, par
      value $0.0001 per share, and 5,000,000 shares of preferred stock, par value
      $0.0001 per share.  As
      of
      March 26, 2007 we had outstanding 12,000,000 shares of common stock. We have
      not
      issued any shares of preferred stock. There are no outstanding options,
      warrants, or rights to purchase any of our securities





10


Our
      Common Stock





Holders
      of shares of our common stock are entitled to one vote per share on all matters
      to be voted upon by the stockholders generally. The holders of shares of common
      stock have no preemptive, conversion, subscription or cumulative voting rights.
      Each holder of our common stock is entitled to one vote for each share held
      of
      record on all matters submitted to the vote of stockholders, including the
      election of directors .




Our
      board
      of directors has the right, without shareholder approval, to issue preferred
      shares with rights superior to the rights of the holders of shares of common
      stock. As a result, preferred shares could be issued quickly and easily,
      negatively affecting the rights of holders of common shares and could be issued
      with terms calculated to delay or prevent a change in control or make removal
      of
      management more difficult. Because we may issue up to 5,000,000 shares of
      preferred stock in order to raise capital for our operations, your ownership
      interest may be diluted which results in your percentage of ownership in us
      decreasing.




Our
      Preferred Stock




We
      are
      authorized to issue 5,000,000 shares of preferred stock. Our Board of Directors
      is authorized to issue preferred stock in one or more series, from time to
      time,
      with each such series to have such designation, relative rights, preferences
      or
      limitations, as shall be stated and expressed in the resolution or resolutions
      providing for the issue of such series adopted by the Board of Directors,
      subject to the limitations prescribed by law and in accordance with the
      provisions of our Articles of Incorporation, the Board of Directors being
      expressly vested with authority to adopt any such resolution or resolutions.
      As
      a result, our Board of Directors may issue shares of preferred stock quickly
      and
      easily, to raise capital for our operations, or to delay or prevent a change
      in
      control or make removal of management more difficult, without stockholder
      approval. Issuances of preferred stock may negatively affect your rights as
      a
      common stockholder and reduce your relative percentage ownership and the value
      of your investment in the total equity of our company.




Shares
      of
      voting or convertible preferred stock could be issued, or rights to purchase
      such shares could be issued, to create voting impediments or to frustrate
      persons seeking to effect a takeover or otherwise gain control of our company.
      The ability of the Board to issue such additional shares of preferred stock,
      with rights and preferences it deems advisable, could discourage an attempt
      by a
      party to acquire control of our company by tender offer or other means. Such
      issuances could therefore deprive stockholders of benefits that could result
      from such an attempt, such as the realization of a premium over the market
      price
      for their shares in a tender offer or the temporary increase in market price
      that such an attempt could cause. Moreover, the issuance of such additional
      shares of preferred stock to persons friendly to the Board could make it more
      difficult to remove incumbent managers and directors from office even if such
      change were to be favorable to stockholders generally.




11


**Indemnification
      of Directors and Officers**





Our
      officers and directors are indemnified as provided by the Nevada Revised
      Statutes and our bylaws.





Under
      the
      Nevada Revised Statutes, director immunity from liability to a company or its
      shareholders for monetary liabilities applies automatically unless it is
      specifically limited by a company's Articles of Incorporation. Our Articles
      of
      Incorporation do not specifically limit our directors' immunity. Excepted from
      that immunity are: (a) a willful failure to deal fairly with the company or
      its
      stockholders in connection with a matter in which the director has a material
      conflict of interest; (b) a violation of criminal law, unless the director
      had
      reasonable cause to believe that his or her conduct was lawful or no reasonable
      cause to believe that his or her conduct was unlawful; (c) a transaction from
      which the director derived an improper personal profit; and (d) willful
      misconduct.





Our
      bylaws provide that we will indemnify our directors and officers to the fullest
      extent not prohibited by Nevada law; provided, however, that we may modify
      the
      extent of such indemnification by individual contracts with our directors and
      officers; and, provided, further, that we shall not be required to indemnify
      any
      director or officer in connection with any proceeding, or part thereof,
      initiated by such person unless such indemnification: (a) is expressly required
      to be made by law, (b) the proceeding was authorized by our board of directors,
      (c) is provided by us, in our sole discretion, pursuant to the powers vested
      in
      us under Nevada law or (d) is required to be made pursuant to the
      bylaws.





Our
      bylaws also provide that we may indemnify a director or former director of
      subsidiary corporation and we may indemnify our officers, employees or agents,
      or the officers, employees or agents of a subsidiary corporation and the heirs
      and personal representatives of any such person, against all expenses
      incurred


by
      the
      person relating to a judgment, criminal charge, administrative action or other
      proceeding to which he or she is a party by reason of being or having been
      one
      of our directors, officers or employees.





Our
      directors cause us to purchase and maintain insurance for the benefit of a
      person who is or was serving as our director, officer, employee or agent, or
      as
      a director, officer, employee or agent or our subsidiaries, and his or her
      heirs
      or personal representatives against a liability incurred by him as a director,
      officer, employee or agent.





Insofar
      as indemnification for liabilities arising under the Securities Act of 1933
      (the
      "Act" or "Securities Act") may be permitted to directors, officers or persons
      controlling us pursuant to the foregoing provisions, or otherwise, we have
      been
      advised that in the opinion of the Securities and Exchange Commission, such
      indemnification is against public policy as expressed in the Act and is,
      therefore, unenforceable.




12


**ITEM
      6.**  **Management’s
      Discussion and Analysis or Plan of Operation**





The
      following discussion of our financial condition and results of operations should
      be read in conjunction with the financial statements and the related notes
      thereto included elsewhere in this Form 10-KSB. The matters discussed herein
      contain forward-looking statements within the meaning of Section 21E of the
      Securities Exchange Act of 1934, as amended, and Section 27A of the Securities
      Act of 1933, as amended, which involve risks and uncertainties. All statements
      other than statements of historical information provided herein may be deemed
      to
      be forward-looking statements. Without limiting the foregoing, the words
      "believes", "anticipates", "plans", "expects" and similar expressions are
      intended to identify forward-looking statements. Factors that could cause actual
      results to differ materially from those reflected in the forward-looking
      statements include, but are not limited to, those discussed under the heading
      "Factors that May Affect Future Results" and elsewhere in this report and the
      risks discussed in our other filings with the SEC. Readers are cautioned not
      to
      place undue reliance on these forward-looking statements, which reflect
      management's analysis, judgment, belief or expectation only as of the date
      hereof. We undertake no obligation to publicly revise these forward-looking
      statements to reflect events or circumstances that arise after the date hereof.





Introduction





We
      are a
      development stage company. We were organized on January 7, 2006 to engage in
      the
      business of providing online marketing and media solutions. Our goal is to
      maximize the value of our clients' advertising and e-Business by providing
      effective online marketing. We expect to attain this goal by providing clients
      with assistance through the creative process, production, planning and placement
      of online advertisements.





We
      did
      not generate any revenues from our business for the period from our inception
      on
      January 7, 2006, through December 31, 2006.





On
      October 15, 2006, we closed our offering to the public of up to a maximum of
      3,000,000 shares of our common stock. We sold 3,000,000 shares in such offering
      for gross proceeds of $90,000. Expenses of the offering amounted to
      approximately $26,000. The net proceeds of the offering, approximately $64,000,
      are being used as working capital.








Plan
      of
      Operation





We
      will
      need to raise funds in order to effectuate our business plans. We intend
      initially to seek additional investors to purchase our stock to provide us
      with
      sufficient working capital to fund our operations. There can be no assurance
      that additional capital will be available to us. We may seek to raise the
      required capital by other means. We may have to issue debt or equity or enter
      into a strategic arrangement with a third party. We currently have no
      agreements, arrangements or understandings with any person to obtain funds
      through bank loans, lines of credit or any other sources. Since we have no
      such
      arrangements or plans currently in effect, our inability to raise funds will
      have a severe negative impact on our ability to remain a viable company. In
      pursuing the foregoing goals, we may seek to expand or change the composition
      of
      the Board or make changes to our current capital structure, including issuing
      additional shares or debt and adopting a stock option plan.




13


Results
      of Operations





The
      following discussion and analysis should be read in conjunction with the
      Financial Statements and Notes thereto appearing elsewhere in this Annual
      Report.





We
      had no
      revenues for the year ended December 31, 2006.





Operating
      expenses of $100,365 for the year ended December 31, 2006 consisted of marketing
      and promotional expenses ($47,500), professional fees ($36,000), website
      development costs ($9,300) and other assorted costs and expenses.





Our
      net
      loss for the year ended December 31, 2006 was $(100,954). We had a stockholders’
deficiency of $25,856. Our basic net loss per share for 2006 was
      $0.01.





Liquidity
      and Capital Resources





On
      October 15, 2006, we closed our offering to the public of up to a maximum of
      3,000,000 shares of our common stock. We sold 3,000,000 shares in such offering
      for gross proceeds of $90,000. Expenses of the offering amounted to
      approximately $26,000. The net proceeds of the offering, approximately $64,000,
      were used as working capital.





As
      of
      December 31, 2006, we had no cash on hand, and a working capital deficit of
      $8,856.





As
      of
      December 31, 2006, we had no assets, current liabilities of $8,856 and a
      long-term debt of $17,000 payable to a stockholder with a borrowing line of
      up
      to $20,000, bearing interest at 8% per annum, which is payable July 5, 2008.
      Since inception, we incurred a net loss of $100,954.





For
      the
      year ended December 31, 2006, net cash used by operations was ($100,954) and
      net
      cash provided by financing activities was $91,248. We
      have
      generated losses from inception and anticipate that we will continue to incur
      significant losses until we can generate sufficient revenue to offset our
      operating expenses.




We
      can
      not assure that we will be able to generate significant revenue or achieve
      profitable operations.





14


The
      capital requirements relating to implementation of our business plan will be
      significant.





Management
      plans to rely on the proceeds from new debt or equity financing to finance
      our
      ongoing operations. During 2007, we intend to continue to seek additional
      capital to meet our cash flow and working capital requirements. We have no
      specific plans, understandings or agreements with respect to obtaining
      additional financing. We cannot assure you that we will be successful in raising
      sufficient capital to fund our operations and further development, or that
      financing will be available to us on commercially reasonable terms, if at all.
      If we are not successful in sourcing significant additional capital in the
      near
      future, our inability to raise funds may have a severe negative impact on our
      ability to remain a viable company.





Going
      Concern Consideration





The
      financial statements contained in this Annual Report have been prepared on
      a
“going concern” basis, which contemplates the realization of assets and the
      satisfaction of liabilities in the normal course of business. For the reasons
      discussed in this Annual Report, there is a significant risk that we will be
      unable to continue as a going concern, in which case, you would suffer a total
      loss on your investment in our company.





Off-Balance
      Sheet Arrangements





None.





Critical
      Accounting Policies and Estimates





We
      prepare our financial statements in accordance with accounting principles
      generally accepted in the United States, and make estimates and assumptions
      that
      affect our reported amounts of assets, liabilities, revenue and expenses. We
      base our estimates on historical experience and other assumptions that we
      believe are reasonable in the circumstances. Actual results may differ from
      these estimates.





The
      following critical accounting policies affect our more significant estimates
      and
      assumptions used in preparing our consolidated financial
      statements.





Our
      financial statements have been prepared on the going concern basis, which
      assumes the realization of assets and liquidation of liabilities in the normal
      course of operations. If we were not to continue as a going concern, we would
      likely not be able to realize on our assets at values comparable to the carrying
      value or the fair value estimates reflected in the balances set out in the
      preparation of our financial statements. There can be no assurances that we
      will
      be successful in generating additional cash from equity or other sources to
      be
      used for operations. Our financial statements do not include any adjustments
      to
      the recoverability of assets and classification of assets and liabilities that
      might be necessary should we be unable to continue as a going
      concern





15


Recent
      Accounting Pronouncements





In
      July
      2006, the Financial Accounting Standards Board issued FASB Interpretation No.
      48, “Accounting for Uncertainty in Income Taxes” (“Interpretation No. 48”).
      Interpretation No. 48 clarifies the accounting for uncertainty in income taxes
      recognized in an enterprise’s financial statements in accordance with SFAS No.
      109, “Accounting for Income Taxes.” Interpretation No. 48 prescribes a
      recognition threshold and measurement attribute for the financial statement
      recognition and measurement of a tax position taken or expected to be taken
      in a
      tax return. Interpretation No. 48 also provides guidance on derecognition,
      classification, interest and penalties, accounting in interim periods,
      disclosure and transition. Interpretation No. 48 is effective beginning January
      1, 2007. The Company believes that the adoption of Interpretation No. 48 will
      not have a material impact on its financial statements.






**ITEM
      7. Financial Statements**





The
      Financial Statements in this Annual Report begin on Page F-1




16


REPORT
        OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
 
 Board
        of
        Directors and Stockholders
 Cassidy
        Media, Inc.
 
 We
        have
        audited the accompanying balance sheet of Cassidy Media, Inc. (a Development
        Stage Company) (“the Company”) as of December 31, 2006 and the related
        statements of operations, stockholders’ deficiency and cash flows for the period
        June 7, 2006 (inception) to December 31, 2006. These financial statements
        are
        the responsibility of the Company’s management. Our responsibility is to express
        an opinion on these financial statements based on our audit.
 
 We
        conducted our audit in accordance with the standards of the Public Company
        Accounting Oversight Board (United States). Those standards require that
        we plan
        and perform the audit to obtain reasonable assurance about whether the financial
        statements are free of material misstatement. The Company is not required
        to
        have, nor were we engaged to perform, an audit of its internal control over
        financial reporting. Our audit included consideration of internal control
        over
        financial reporting as a basis for designing audit procedures that are
        appropriate in the circumstances, but not for the purpose of expressing an
        opinion on the effectiveness of the Company’s internal control over financial
        reporting. Accordingly, we express no such opinion. Also, an audit includes
        examining, on a test basis, evidence supporting the amounts and disclosures
        in
        the financial statements, assessing the accounting principles used and
        significant estimates made by management, as well as evaluating the overall
        financial statement presentation. We believe that our audit provides a
        reasonable basis for our opinion.
 
 In
        our
        opinion, the financial statements referred to above present fairly, in all
        material respects, the financial position of Cassidy Media, Inc. at December
        31,
        2006, and the results of its operations and its cash flows for the period
        June
        7, 2006 (inception) to December 31, 2006 in conformity with accounting
        principles generally accepted in the United States of America.
 
 The
        accompanying financial statements have been prepared assuming the Company
        will
        continue as a going concern. As discussed in Note 2 to the financial statements,
        the Company has incurred an operating loss for the period June 7, 2006
        (inception) to December 31, 2006, has had no revenues and has not commenced
        planned principal operations. These factors raise substantial doubt about
        the
        Company’s ability to continue as a going concern. Management’s plans regarding
        those matters are also described in Note 2. The financial statements do not
        include any adjustments that might result from the outcome of this
        uncertainty.
 
  WOLINETZ,
        LAFAZAN & COMPANY, P.C.
 
 
 Rockville
        Centre, New York
 March
        22,
        2007
  F-1
 
 CASSIDY
          MEDIA, INC.
 (A
        DEVELOPMENT STAGE COMPANY)
 BALANCE
        SHEET
 DECEMBER
        31, 2006
  ASSETSCurrent
                    Assets:
                
                $
                -Total
                    Current Assets
                
                
                -Total
                    Assets
                
                $
                -LIABILITIES
                    AND STOCKHOLDERS’ DEFICIENCYCurrent
                    Liabilities:Accrued
                    Liabilities
                
                $
                8,856Total
                    Current Liabilities
                
                
                8,856Long-Term
                    Debt
                
                
                17,000Total
                    Liabilities
                
                
                25,856Commitments
                    and ContingenciesStockholders’
                    Deficiency:Preferred
                      Stock, $.0001 par value; 5,000,000 shares authorized,none issued
                      and outstanding
                
                
                -Common
                      Stock, $.0001 par value; 500,000,000 shares authorized,12,000,000
                      shares issued and outstanding
                
                
                1,200Additional
                    Paid-In Capital
                
                
                73,898Deficit
                    Accumulated During the Development Stage
                
                
                (100,954
                )Total
                    Stockholders’ Deficiency
                
                
                (
                    25,856
                )Total
                    Liabilities and Stockholders’ Deficiency
                
                $
                -
 The
          accompanying notes are an integral part of these financial
          statements.
  F-2
 CASSIDY
        MEDIA, INC.
 (A
        DEVELOPMENT STAGE COMPANY)
 STATEMENT
        OF OPERATIONS
 FOR
        THE PERIOD JUNE 7, 2006 (INCEPTION) TO DECEMBER 31, 2006
  Net
                    Revenues
                
                $
                -Costs
                    and Expenses:Start
                    Up Costs
                
                
                1,925Professional
                    Fees
                
                
                36,000Website
                    Development Costs
                
                
                9,300Marketing
                    and Promotion Expenses
                
                
                47,500Other
                
                
                5,640Total
                    Costs and Expenses
                
                
                100,365Loss
                    from Operations before Other Income (Expense)
                
                
                (
                    100,365
                )Other
                    Income (Expense):Interest
                    Income
                
                
                17Interest
                    Expense
                
                
                (
                    606
                )Total
                    Other Income (Expense)
                
                
                (
                    589
                )Net
                    Loss
                
                $
                (
                    100,954
                )Basic
                    and Diluted Loss Per Share
                
                $
                (
                    .01
                )Weighted
                    Average Common Shares Outstanding
                
                
                10,372,596
  The
        accompanying notes are an integral part of these financial
        statements.
 
 F-3
 
 CASSIDY
          MEDIA, INC.
 (A
        DEVELOPMENT STAGE COMPANY)
 STATEMENT
        OF STOCKHOLDERS’ DEFICIENCY
 FOR
        THE PERIOD JUNE 7, 2006 (INCEPTION) TO DECEMBER 31, 2006
  DeficitAccumulatedCommon
                
                
                
                Additional
                
                During
                      theStock
                
                
                
                Paid-In
                
                DevelopmentShares
                
                Amount
                
                Capital
                
                Stage
                
                TotalBalance,
                    June 7, 2006
                
                
                -
                
                $
                -
                
                $
                -
                
                $
                -
                
                $
                -Common
                    Stock Issued to Founders for Services, June 2006
                
                
                8,500,000
                
                
                850
                
                
                -
                
                
                -
                
                
                850Common
                    Stock Issued to Private Investors, at $.02 Per Share, June
                    2006
                
                
                500,000
                
                
                50
                
                
                9,950
                
                
                -
                
                
                10,000Common
                    Stock Issued Pursuant to Public Offering at $.03 per share, Net
                    of
                    Offering Costs
                
                
                3,000,000
                
                
                300
                
                
                63,948
                
                
                -
                
                
                64,248Net
                    Loss for the Period
                
                
                -
                
                
                -
                
                
                -
                
                
                (100,954
                )
                
                (100,954
                )Balance,
                    December 31, 2006
                
                
                12,000,000
                
                $
                1,200
                
                $
                73,898
                
                $
                (100,954
                )
                $
                (
                    25,856
                )
 
 The
        accompanying notes are an integral part of these financial
        statements.
 
 F-4
 CASSIDY
        MEDIA, INC.
 (A
        DEVELOPMENT STAGE COMPANY)
 STATEMENT
        OF CASH FLOWS
 FOR
        THE PERIOD JUNE 7, 2006 (INCEPTION) TO DECEMBER 31, 2006
 Cash
                    Flows from Operating Activities:Net
                    Loss
                
                $
                (100,954
                )Adjustments
                    to Reconcile Net Loss to Net Cash Used in Operating
                    Activities:Common
                    Stock Issued for Services
                
                
                850Changes
                    in Assets and Liabilities:Increase
                    in Accrued Liabilities
                
                
                8,856Net
                    Cash Used in Operating Activities
                
                
                (
                    91,248
                )Cash
                    Flows from Investing Activities:
                
                
                -Cash
                    Flows from Financing Activities:Proceeds
                    of Borrowings
                
                
                17,000Advances
                    from Related Party
                
                
                1,352Repayment
                    of Related Party Advances
                
                
                (
                    1,352
                )Proceeds
                    from Sale of Common Stock
                
                
                100,000Expenses
                    of Offering
                
                
                (
                    25,752
                )Net
                    Cash Provided by Financing Activities
                
                
                91,248Increase
                    in Cash
                
                
                -Cash
                    - Beginning of Period
                
                
                -Cash
                    - End of Period
                
                $
                -Supplemental
                    Disclosures of Cash Flow Information:Interest
                    Paid
                
                $
                -Income
                    Taxes Paid
                
                $
                -
  The
        accompanying notes are an integral part of these financial
        statements.
 
 F-5
 CASSIDY
        MEDIA, INC.
 (A
        DEVELOPMENT STAGE COMPANY)
 NOTES
        TO FINANCIAL STATEMENTS
  NOTE
        1 - Summary
        of Significant Accounting Policies
 
 Organization
 
 Cassidy
        Media, Inc. (“the Company”) was incorporated on June 7, 2006 under the laws of
        the State of Nevada. The Company has selected December 31 as its fiscal year.
 
 The
        Company has not yet generated revenues from planned principal operations
        and is
        considered a development stage company as defined in Statement of Financial
        Accounting Standards (“SFAS”) No. 7. The Company intends to be in the business
        of providing online media advertising. There is no assurance, however, that
        the
        Company will achieve its objectives or goals.
 
 Cash
        and Cash Equivalents
 
 The
        Company considers all highly-liquid investments purchased with a maturity
        of
        three months or less to be cash equivalents.
 
 Revenue
        Recognition
 
 The
        Company utilizes the accrual method of accounting.
 
 Advertising
        Costs
 
 Advertising
        costs will be charged to operations when incurred. The Company did not incur
        any
        advertising costs during the period ended December 31, 2006.
 
 Income
        Taxes
 
 The
        Company accounts for income taxes using the asset and liability method described
        in SFAS No. 109, “Accounting For Income Taxes”, the objective of which is to
        establish deferred tax assets and liabilities for the temporary differences
        between the financial reporting and the tax bases of the Company’s assets and
        liabilities at enacted tax rates expected to be in effect when such amounts
        are
        realized or settled. A valuation allowance related to deferred tax assets
        is
        recorded when it is more likely than not that some portion or all of the
        deferred tax assets will not be realized.
 
 Loss
        Per Share
 
 The
        computation of loss per share is based on the weighted average number of
        common
        shares outstanding during the period presented. Diluted loss per common share
        is
        the same as basic loss per common share as there are no potentially dilutive
        securities outstanding (options and warrants).
 
 F-6
 CASSIDY
        MEDIA, INC.
 (A
        DEVELOPMENT STAGE COMPANY)
 NOTES
        TO FINANCIAL STATEMENTS
 
 NOTE
        1
        -  Summary
        of Significant Accounting Policies (Continued)
 
 Accounting
        Estimates
 
 The
        preparation of financial statements in conformity with generally accepted
        accounting principles in the United States of America requires management
        to
        make estimates and assumptions that affect the reported amounts of assets
        and
        liabilities, the disclosures of contingent assets and liabilities at the
        date of
        the financial statements, and the reported amount of revenues and expenses
        during the reported period. Actual results could differ from those
        estimates.
 
 Fair
        Value of Financial Instruments
 
 The
        carrying value of cash and notes payable approximates fair value because
        of the
        immediate or short-term maturity of these financial instruments.
 
 Research
        and Development
 
 Research
        and development costs will be charged to expense as incurred. The Company
        did
        not incur any research and development costs during the period ended December
        31, 2006.
 
 Website
        Development Costs
 
 Website
        development costs have been incurred in the planning stage and pursuant to
        Emerging Issues Task Force Abstract Number 00-2, “Accounting for Website
        Development Costs”, have been expensed as incurred.
 
 Recent
        Accounting Standards and Pronouncements
 
 In
        July
        2006, the Financial Accounting Standards Board issued FASB Interpretation
        No.
        48, “Accounting for Uncertainty in Income Taxes” (“Interpretation No. 48”).
        Interpretation No. 48 clarifies the accounting for uncertainty in income
        taxes
        recognized in an enterprise’s financial statements in accordance with SFAS No.
        109, “Accounting for Income Taxes.” Interpretation No. 48 prescribes a
        recognition threshold and measurement attribute for the financial statement
        recognition and measurement of a tax position taken or expected to be taken
        in a
        tax return. Interpretation No. 48 also provides guidance on derecognition,
        classification, interest and penalties, accounting in interim periods,
        disclosure and transition. Interpretation No. 48 is effective beginning January
        1, 2007. The Company believes that the adoption of Interpretation No. 48
        will
        not have a material impact on its financial statements.
  NOTE
        2
        -  Going
        Concern
 
 The
        Company is a development stage Company and has not commenced planned principal
        operations. The Company had a working capital deficit of $8,856 and a
        stockholders’ deficiency of $25,856 at December 31, 2006 and for the period June
        7, 2006 (inception) to December 31, 2006 had no revenues and incurred a net
        loss
        of $100,954. These factors raise substantial doubt about the Company’s ability
        to continue as a going concern.
 
 F-7
 CASSIDY
        MEDIA, INC.
 (A
        DEVELOPMENT STAGE COMPANY)
 NOTES
        TO FINANCIAL STATEMENTS
  NOTE
        2
        -  Going
        Concern (Continued)
 
 There
        can
        be no assurance that sufficient funds required during the next year or
        thereafter will be generated from operations or that funds will be available
        from external sources such as debt or equity financings or other potential
        sources. The lack of additional capital resulting from the inability to generate
        cash flow from operations or to raise capital from external sources would
        force
        the Company to substantially curtail or cease operations and would, therefore,
        have a material adverse effect on its business. Furthermore, there can be
        no
        assurance that any such required funds, if available, will be available on
        attractive terms or that they will not have a significant dilutive effect
        on the
        Company’s existing stockholders.
 
 The
        Company is attempting to address its lack of liquidity by raising additional
        funds, either in the form of debt or equity or some combination thereof.
        The
        Company has raised net proceeds of $74,248 through the sale of its common
        stock
        during the period ended December 31, 2006. Additionally, during the period
        June
        7, 2006 to December 31, 2006, the Company borrowed $17,000 from an entity
        that
        is also a stockholder on credit lines aggregating $20,000. There can be no
        assurances that the Company will be able to raise the additional funds it
        requires.
 
 The
        accompanying financial statements do not include any adjustments related
        to the
        recoverability or classification of asset-carrying amounts or the amounts
        and
        classification of liabilities that may result should the Company be unable
        to
        continue as a going concern.
  NOTE
        3
        -  Long-Term
        Debt
  Long-term
                  debt
                  consists of the following:Note
                    payable to an entity that is also a stockholder, with a borrowing
                    line of
                    up to $20,000, bearing interest at 8% per annum and principal
                    and interest
                    payable July 5, 2008
                
                $
                17,000Maturities
                    of long-term debt are as follows:Twelve
                    Months Ending DuringDecember
                    31, 2007
                
                $
                -December
                      31, 2008
                
                
                17,000$
                17,000
 
 NOTE
        4
        -  Common
        Stock
 
 In
        June
        2006 the Company issued 8,500,000 shares of common stock valued at $850 to
        the
        Founders of the Company for services.
 
 In
        July
        2006 the Company sold 500,000 shares of common stock for $10,000 to private
        investors.
 
 In
        September 2006 the Company sold 3,000,000 shares of common stock to the public
        for gross proceeds of $90,000. Expenses of the offering were $25,752 and
        the
        Company netted $64,248.
 
 F-8
 CASSIDY
        MEDIA, INC.
 (A
        DEVELOPMENT STAGE COMPANY)
 NOTES
        TO FINANCIAL STATEMENTS
  NOTE
        5
        -  Preferred
        Stock
 
 The
        Company’s Board of Directors may, without further action by the Company’s
        stockholders, from time to time, direct the issuance of any authorized but
        unissued or unreserved shares of preferred stock in series and at the time
        of
        issuance, determine the rights, preferences and limitations of each series.
        The
        holders of preferred stock may be entitled to receive a preference payment
        in
        the event of any liquidation, dissolution or winding-up of the Company before
        any payment is made to the holders of the common stock. Furthermore, the
        board
        of directors could issue preferred stock with voting and other rights that
        could
        adversely affect the voting power of the holders of the common
        stock.
  NOTE
        6
        -  Income
        Taxes
 
 At
        December 31, 2006, the Company had available a net-operating loss carry-forward
        for Federal tax purposes of approximately $101,000, which may be applied
        against
        future taxable income, if any, through 2026. Certain significant changes
        in
        ownership of the Company may restrict the future utilization of these tax
        loss
        carry-forwards.
 
 At
        December 31, 2006, the Company has a deferred tax asset of approximately
        $42,000
        representing the benefit of its net operating loss carry-forward. The Company
        has not recognized the tax benefit because realization of the tax benefit
        is
        uncertain and thus a valuation allowance has been fully provided against
        the
        deferred tax asset. The difference between the Federal Statutory Rate of
        34% and
        the Company’s effective tax rate of 0% is due to an increase in the valuation
        allowance of approximately $42,000.
  F-9


**ITEM
      8. Changes in and Disagreements with Accountants on Accounting and Financial
      Disclosure.**





None








**ITEM
      8A. Controls and Procedures**





Evaluation
      of Disclosure Controls and Procedures





Our
      disclosure controls and procedures are designed to ensure that information
      required to be disclosed in reports that we file or submit under the Securities
      Exchange Act of 1934 is recorded, processed, summarized and reported within
      the
      time periods specified in the rules and forms of the United States Securities
      and Exchange Commission. Our principal executive officer, principal financial
      officer, and principal accounting officer have reviewed the effectiveness of
      our
      "disclosure controls and procedures" (as defined in the Securities Exchange
      Act
      of 1934 Rules 13a-14(c) and 15d-14(c)) within the end of the period covered
      by
      this Annual Report on Form 10-KSB and have concluded that the disclosure
      controls and procedures are effective to ensure that material information
      relating to the Company is recorded, processed, summarized, and reported in
      a
      timely manner. There were no significant changes in our internal controls or
      in
      other factors that could significantly affect these controls subsequent to
      the
      last day they were evaluated by our principal executive officer, principal
      financial officer, and principal accounting officer.





Changes
      in Internal Controls over Financial Reporting





There
      have been no changes in the Company's internal control over financial reporting
      during the last quarterly period covered by this report that have materially
      affected, or are reasonably likely to materially affect, the Company's internal
      control over financial reporting.








**ITEM
      8B Other Information**





None





**PART
      III**





**ITEM
      9. Directors, Executive Officers, Promoters and Control Persons; Compliance
      with
      Section 16(a) of the Exchange Act**





Our
      directors and executive officers are:





Name
            Age
            Positions
                and Offices HeldKimberly
                A. Hennessey
            35
            President,
                Chief Executive Officer, Chief Financial Officer and
                DirectorNicole
                Gagne
            30
            Secretary





17


**Kimberly
      A. Hennessey** has been
      our president, chief executive officer, chief financial officer and a director
      since June 7, 2006. Since the fall of 2003, she has operated her own public
      accounting firm. Her practice includes small business planning, accounting
      services, tax planning and preparation services for all types of tax entities
      to
      bookkeeping and payroll services. Kim has also spoken at various seminars.
      She
      is also required to keep up her education credit requirements to maintain her
      license as a certified public accountant. Kim received her license from the
      state of New Hampshire in February of the year 2000. Prior to starting her
      own
      firm in Hew Hampshire, Kim worked as a Senior Accountant at the firm of Smith
      & Wells, PLLC in Concord, NH during the period of 1997 through the fall of
      2003. During the years of 1994 through 1997 Kim was a staff accountant with
      the
      firm of Plodzik and Sanderson, P.A. in Concord, NH. At this firm, Kim was on
      the
      governmental audit team, auditing municipalities, school districts and
      not-for-profit entities throughout the sate of NH. Throughout her accounting
      career, Kim has been a member of several business organizations, including
      the
      Concord Chamber of Commerce and the NEGASC committee as well as participating
      in
      many local volunteer services, including the local Girl Scouts.





**Nicole
      Gagne** is a
      graduate of the University of South Florida this Spring of 2006. She graduated
      with a Bachelor of Science in Elementary Education with ESOL Endorsement. Nicole
      had earned her Associates degree in Arts Elementary Education in the year 2004.
      During her education years, Nicole took part in a pilot program sponsored by
      the
      USF College of Education and Apple computers aimed at preparing teachers to
      appropriately and effectively integrate technology into their
      classrooms.





Ms.
      Hennessey and Ms. Gagne, our founders, may be deemed to be “promoters” of our
      company under the rules of the SEC.





There
      are
      no family relationships among our directors and officers.





All
      directors hold office until the next annual meeting of stockholders or the
      election and qualification of their successors, or their earlier death,
      resignation or removal. Vacancies in the existing board are filled by a majority
      of the remaining directors. All officers hold office until their respective
      successors are elected and qualified, or until their earlier We do not have
      any
      long-term compensation plans or stock option plans.








**Code
      of Ethics; Financial Expert**





We
      do not
      have a Code of Ethics applicable to our principal executive, financial and
      accounting officers. We do not have an audit committee or nominating committee.
      Ms. Hennessey is the board’s financial expert member. She has extensive
      experience as a qualified accountant. Since the fall of 2003, she has operated
      her own public accounting firm.





18


**Compliance
      with Section 16(a) of the Exchange Act**





Section
      16 of the Securities Exchange Act requires our directors and executive officers
      and persons who own more than 10% of a registered class of our equity securities
      to file various reports with the Securities and Exchange Commission concerning
      their holdings of, and transactions in, our securities. Copies of these filings
      must be furnished to us.





Based
      on
      a review of the copies of such forms furnished to us and written representations
      from our executive officers and directors, we believe that during 2006 all
      of
      our officers, directors and greater than 10% stockholders complied with all
      applicable Section 16(a) filing requirements, except that Kimberly Hennessey,
      our president, chief executive officer, chief financial officer and a director,
      and Nicole Gage, our secretary, were late in filing their Forms 3.





**ITEM
      10. Executive Compensation**





**Summary
      Compensation**





The
      following table sets forth information concerning the compensation paid or
      earned during 2006 for services rendered to our company in all capacities by
      Kimberly A. Hennessey, our president, chief executive officer, chief financial
      officer and a director. We did not pay or accrue compensation in excess of
      $100,000 for any other executive officer in 2006. We did not pay or accrue
      any
      cash compensation for our executive officers for services rendered in 2006.





We
      do not
      have an employment agreement with any of our executive officers. We do not
      have
      any long-term compensation plans or stock option plans.








**SUMMARY
                COMPENSATION TABLE**Name
                and principal position
              (a)
            
            Year
              (b)
            
            Salary
            
            Bonus
                ($)
              (d)
            
            Stock
                Awards ($)
              (e)
            
            Option
                Awards ($)
              (f)
            
            Non-Equity
                Incentive Plan Compensation ($)
              (g)
            
            Nonqualified
                Deferred Compensation Earnings ($)
              (h)
            
            All
                Other Compen-sation
              ($)
              (i)
            
            Total
              (j)Kimberly
                A.Hennessey
              CEO,
                President, CFO and Director
            
            
            2006
            
            $
            0
            
            
            
            
            $
            800
            (1)
            
            
            
            
            
            
            
            
            
            $
            0
            
            $





(1)
      Represents the fair value of 8,000,000 shares of common stock issued on June
      7,
      2006 as compensation for services rendered in connection with the founding
      of
      our company. The fair value of these shares was determined by our Board of
      Directors at $800, or $0.0001 per share, the par value of our common
      stock.





19


**Outstanding
      Equity Awards**





None
      of
      the individuals who served as our executive officers during 2006 held at
      December 31, 2006, received any options, warrants or other right to purchase
      shares of our common stock, or unvested shares of common stock, granted or
      awarded to them, for services rendered.





**Compensation
      of Directors**





Our
      directors do not receive any compensation for their services as members of
      the
      Board of Directors, but are entitled to reimbursement for expenses incurred
      in
      connection with their attendance at Board of Directors' meetings.





The
      following table sets forth certain information regarding the compensation paid
      to Kimberly A. Hennessey, our sole director, during the fiscal year ended
      December 31, 2006.











**DIRECTOR
                COMPENSATION**Name
              (a)
            
            Fees
                Earned or Paid in Cash
              ($)
              (b)
            
            Stock
                Awards ($)
              (c)
            
            Option
                Awards ($)
              (d)
            
            Non-Equity
                Incentive
              Plan
                Compensation
              ($)
              (e)
            
            Non-Qualified
                Deferred Compensation Earnings
              ($)
              (f)
            
            All
              Other
                Compensation ($)
              (g)
            
            Total
                ($)
              (j)Kimberly
                A.Hennessey
            
            $
            0
            
            $
            800
            (1)
            
            
            
            
            
            
            
            
            
            
            
            
            $
            800
            (1)





(1)
      Represents the fair value of 8,000,000 shares of common stock issued on June
      7,
      2006 as compensation for services rendered in connection with the founding
      of
      our company. The fair value of these shares was determined by our Board of
      Directors at $800, or $0.0001 per share, the par value of our common
      stock.





20


**ITEM
      11. Security Ownership of Certain Beneficial Owners and Management**





The
      following table sets forth, as of March 24, 2007, the number of shares of our
      common stock beneficially owned by (i) each person or entity known to us to
      be
      the beneficial owner of more than 5% of the outstanding common stock; (ii)
      each
      of our officers and directors, and (iii) all of our officers and directors
      as a
      group. Information relating to beneficial ownership of common stock by our
      principal stockholders and management is based upon information furnished by
      each person using “beneficial ownership” concepts under the rules of the
      Securities and Exchange Commission. Under these rules, a person is deemed to
      be
      a beneficial owner of a security if that person has or shares voting power,
      which includes the power to vote or direct the voting of the security, or
      investment power, which includes the power to vote or direct the voting of
      the
      security. The person is also deemed to be a beneficial owner of any security
      of
      which that person has a right to acquire beneficial ownership within 60 days.
      Under the Securities and Exchange Commission rules, more than one person may
      be
      deemed to be a beneficial owner of the same securities, and a person may be
      deemed to be a beneficial owner of securities as to which he or she may not
      have
      any pecuniary beneficial interest. Except as noted below, each person has sole
      voting and investment power.





As
      of
      March 24, 2007, we had outstanding 12,000,000 shares of common stock. Except
      as
      otherwise indicated, each beneficial owner has sole voting and dispositive
      power
      with respect to the shares owned. Unless otherwise indicated, the address of
      each person listed is c/o Cassidy Media, Inc., 134 Suncook Valley Road, Center
      Barnstead, New Hampshire 03225.








Name
                and Address
            
            Amount
                and Nature of
              Beneficial
                Ownership
            
            PercentKimberly
                A. Hennessey
            
            
            8,000,000
            
            
            66.7
            %Nicole
                Gagne
            
            
            500,000
            
            
            4.2
            %Sole
                director and executive officers (2 persons)
            
            
            8,500,000
            
            
            70.9
            %








**ITEM
      12. Certain Relationships and Related Transactions; Director Independence**




(a) In
      June
      2006, we issued 8,000,000 shares to Kimberly A. Hennessey, our president, chief
      executive officer, chief financial officer and a director, and 500,000 shares
      to
      Nicole Gagne, our secretary, for services in connection with founding our
      company. Our Board of Directors valued these shares at $0.0001 per share, the
      par value of our common stock. As a result, the shares issued to Ms. Hennessey
      were valued at $800 and the shares issued to Ms. Gagne were valued at $50.
      Ms.
      Hennessey and Ms. Gagne, our founders, may be deemed to be “promoters” of our
      company under the rules of the SEC.





21


Kimberly
      A. Hennessey, our president, chief executive officer, chief financial officer
      and a director, has contributed office space for our use, without charge.





(b)
      Kimberly Hennessey, our sole director, is not “independent”, as that term is
      defined by the rules of any national securities exchange or NASDAQ.








**ITEM
      13. Exhibits**





Exhibit
      No . Description





3.1 Articles
      of Incorporation of the Registrant, incorporated herein by reference to Exhibit
      3.1 to the Registrant's Registration Statement on Form SB-2 (File No.
      333-136614) filed on August 14, 2006.





3.2 By-Laws
      of the Registrant, incorporated herein by reference to Exhibit 3.2 to the
      Registrant's Registration Statement on Form SB-2 (File No. 333-136614) filed
      on
      August 14, 2006.





31.1 Certification
      by Principal Executive and Financial Officer pursuant to Rule 13a- 14 and Rule
      15d-14 of the Securities Exchange Act of 1934





32.1 Certification
      by Principal Executive and Financial Officer pursuant to Section 906 of the
      Sarbanes-Oxley Act of 2002 (18 USC 1350)








**ITEM
      14. Principal Accountant Fees and Services**








Wolinetz,
      Lafazan and Company, P.C., our Principal Accountant, has advised us that it
      does
      not have any material financial interests in, or any connection with us (other
      than as independent registered public accounting firm).





The
      following is a summary of the fees billed to us by Wolinetz, Lafazan and
      Company, P.C for professional services rendered for the fiscal years ended
      December 31, 2006.





Fiscal
                year endedDecember
                31, 2006Audit
                Fees
            
            $
            20,000Audit
                Related Fees
            
            $
            0Tax
                Fees
            
            $
            0All
                Other Fees
            
            $
            0





22


Audit
      Fees. Consists of fees billed for professional services rendered for the audit
      of our consolidated financial statements and review of interim consolidated
      financial statements included in quarterly reports and services that are
      normally provided in connection with statutory and regulatory filings or
      engagements.





Audit
      Related Fees. Consists of fees billed for assurance and related services that
      are reasonably related to the performance of the audit or review of our
      consolidated financial statements and are not reported under "Audit
      Fees".





Tax
      Fees.
      Consists of fees billed for professional services for tax compliance, tax advice
      and tax planning. These services include preparation of federal and state income
      tax returns.





All
      Other
      Fees. Consists of fees for product and services other than the services reported
      above.





Policy
      on
      audit committee pre-approval of audit and permissible non-audit services of
      independent auditors





Audit
      Committee's Pre-Approval Policies





Our
      Board
      of Directors' policy is to pre-approve all audit and permissible non-audit
      services provided by the independent auditors. These services may include audit
      services, audit related services, tax services, and other services. Pre-approval
      is generally provided for up to one year, and any pre-approval is detailed
      as to
      the particular service or category of services and is generally subject to
      a
      specific budget. The independent auditors and management are required to
      periodically report to the Board of Directors regarding the extent of services
      provided by the independent auditors in accordance with this pre-approval and
      the fees for the services performed to date. The Board of Directors may also
      pre-approve particular services on a case-by-case basis.





Our
      Board
      of Directors has reviewed and discussed with Wolinetz, Lafazan and Company,
      P.C
      our audited financial statements contained in our Annual Report on Form 10-KSB
      for the 2006 fiscal year. The Board of Directors also has discussed with
      Wolinetz, Lafazan and Company, P.C the matters required to be discussed pursuant
      to SAS No. 61 (Codification of Statements on Auditing Standards, AU Section
      380), which includes, among other items, matters related to the conduct of
      the
      audit of our financial statements.





The
      Board
      of Directors has received and reviewed the written disclosures and the letter
      from Wolinetz, Lafazan and Company, P.C required by Independence Standards
      Board
      Standard No. 1 (Independence Discussions with Audit Committees), and has
      discussed with Wolinetz, Lafazan and Company, P.C its independence from our
      company.





23


The
      Audit
      Committee has considered whether the provision of services other than audit
      services is compatible with maintaining auditor independence.





Based
      on
      the review and discussions referred to above, the Audit Committee recommended
      to
      the Board of Directors that the audited financial statements be included in
      the
      our Annual Report on Form 10-KSB for our 2006 fiscal year for filing with the
      SEC.





24


**SIGNATURES**





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




Cassidy
                Media, Inc.Date: March
              27, 2007
            By:
            /s/ Kimberly
              A. HennesseyKimberly
                A. Hennessey
              Chief
                Executive Officer, President and Chief Financial Officer (Principal
                Executive, Financial and Accounting
                Officer)






In
      accordance with the Exchange Act, this report has been signed below by the
      following persons on behalf of the registrant and in the capacities and on
      the
      dates indicated.





Signature
            Title
            Date/s/
                Kimberly A. Hennessey
            Chief
                Executive Officer, President,
            March
                27, 2007Kimberly
                A. Hennessey
            Chief
                Financial Officer and Director (Principal Executive, Financial
                andAccounting Officer)/s/
                Nicole Gagne
            Secretary
            March
                27, 2007Nicole
                Gagne




25