**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


Washington,
      D.C. 20549





**FORM
      10-QSB**





**x** **QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE
        ACT
        OF 1934**
 For
        the
        Quarterly period ended May 31, 2006
   ** ̈** **TRANSITIONAL REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
        ACT OF
        1934** **(NO
        FEE REQUIRED)**
 For
        the transitional period from ______ to
        ______
 
 
 *Commission
        File No. 0-32923*
 
 
 **FINANCIAL
        MEDIA GROUP, INC.**
 (Formerly,
        Giant Jr. Investments
        Corp.)
 (Exact
        Name of Small Business Issuer in its Charter)
 
 
 **NEVADA**
              
              **33-0198542**(State
                  or other jurisdiction of incorporation of organization)
              
              (I.R.S.
                  Employer Identification Number)
 
  **2355
                    Main Street, Suite 120, Irvine, CA 92614**(Address
                    of principal executive office)**(949)
                    486-1711**(Issuer's
                    telephone number)
  Act
        during the past 12 months, and (2)
        been
        subject to such filing requirements for the past ninety (90) days. Yes x No  ̈
 
 
 As
        of
        July 11, 2006, the Company had 25,760,507 shares of Common Stock issued and
        outstanding.
 *Table
              of Contents*


**FINANCIAL
      MEDIA GROUP, INC.**


(FORMERLY
      GIANT, JR. INVESTMENTS CORP.)





**TABLE
      OF CONTENTS**





Report
      on
      Form 10-QSB


for
      the
      quarter ended May 31, 2006


**Page****PART
                  I FINANCIAL INFORMATION**Item
                  1. Financial Statements
              3Consolidated
                  Balance Sheet at May 31, 2006
                  (Unaudited)
              3Consolidated
                  Statements of Operations for the Three
                  Month and Nine Month Periods ended May 31, 2006 and 2005
                  (Unaudited)
              4Consolidated
                  Statements of Cash Flows for the Nine Month
                  Periods ended May 31, 2006 and 2005 (Unaudited)
              5Notes
                  to the Consolidated Financial Statements
                  (Unaudited)
              6
                  -
                  12Item
                  2. Management's Discussion and Analysis of Financial
                  Condition and Results of Operations
              13Item
                  3. Controls and Procedures
              16**PART
                  II OTHER INFORMATION**
              17Item
                  1. Legal Proceedings
              17Item
                  2. Changes in Securities
              17Item
                  3. Defaults upon Senior Securities
              17Item
                  4. Submission of Matters to Vote of Security
                  Holders
              17Item
                  5. Other Information
              17Item
                  6. Exhibits and Reports on Form
                  8-K
              17Signatures
                  and Certifications
              17
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            2
            -
 *Table
            of Contents*




**PART
      I FINANCIAL
      INFORMATION**




**Item
      1. Consolidated Financial Statements**





**FINANCIAL
      MEDIA GROUP, INC.**


(Formerly,
      Giant Jr. Investments Corp.)


**CONSOLIDATED
      BALANCE SHEET**


**May
        31, 2006**


(Unaudited)





**ASSETS****CURRENT
                ASSETS:**Cash
                & cash equivalents
            
            $
            292,246Accounts
                receivable
            
            
            584,357Marketable
                securities
            
            
            4,419,065Other
                current assets
            
            
            63,136Total
                current assets
            
            
            5,358,804PROPERTY
                & EQUIPMENT, Net
            
            
            104,401$
            5,463,205**LIABILITIES
                AND STOCKHOLDERS' DEFICIT****CURRENT
                LIABILITIES:**Accounts payable
            
            $
            748,025Accrued expenses
            
            
            555,587Deferred revenue
            
            
            3,306,238Loan payable to third parties
            
            
            123,179Current portion of notes payable
            
            
            100,000Current portion of note payable - officers
            
            
            1,507,500Total
                current liabilities
            
            
            6,340,529Long
                term debt - officer
            
            
            1,500,000Commitments
            
            
            --**STOCKHOLDERS'
                DEFICIT**Common stock, $0.001 par value, 300,000,000 shares authorized, 25,760,507
                issued and outstanding
            
            
            25,761Paid in capital
            
            
            1,054,086Unrealized gain on marketable securities
            
            
            (341,366
            )Accumulated deficit
            
            
            (3,115,805
            )Total
                stockholders' deficit
            
            
            (2,377,324
            )Total
                liabilities and stockholders' deficit
            
            $
            5,463,205







The
      accompanying notes are an integral part of these unaudited consolidated
      financial statements.


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            -
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            of
            Contents*
  **FINANCIA****L
      MEDIA GROUP,
      INC.**


(Formerly,
      Giant Jr. Investments Corp.)


**STATEMENT
      OF OPERATIONS AND COMPREHENSIVE INCOME**


(Unaudited)





**For
                the three month periods**
              **ended
                May 31,**
            ****
            **For
                the nine month periods**
              **ended
                May 31,**
            ********
            ****
            **2006**
            ****
            **2005**
            ****
            **2006**
            ****
            **2005****Net
                revenues**
            
            $
            2,685,336
            
            $
            1,214,745
            
            $
            5,603,808
            
            $
            1,472,202**Operating
                expenses**Selling,
                general & administrative
            
            
            964,784
            
            
            469,557
            
            
            2,691,226
            
            
            1,239,903Depreciation
            
            
            5,937
            
            
            --
            
            
            11,175
            
            
            --Impairment
                of marketable securities
            
            
            970,964
            
            
            --
            
            
            2,136,036
            
            
            --Total
                operating expenses
            
            
            1,941,685
            
            
            469,557
            
            
            4,838,437
            
            
            1,239,903Income
                from operations
            
            
            743,651
            
            
            745,188
            
            
            765,371
            
            
            232,299**Non-operating
                income (expense)**Interest
                expense
            
            
            (47,393
            )
            
            (46,100
            )
            
            (122,089
            )
            
            (80,780
            )Interest
                income
            
            
            169
            
            
            4,871
            
            
            726
            
            
            12,475Gain
                (Loss) on sale of marketable securities
            
            
            (73,440
            )
            
            86,084
            
            
            (868,853
            )
            
            81,031Total
                non-operating income (expense)
            
            
            (120,664
            )
            
            44,855
            
            
            (990,216
            )
            
            12,726**Income
                (Loss) from operations before income taxes**
            
            
            622,987
            
            
            700,333
            
            
            (224,845
            )
            
            245,025Provision
                for income tax
            
            
            1,617
            
            
            320,093
            
            
            4,017
            
            
            1,600**Net
                income (loss)**
            
            
            621,370
            
            
            380,240
            
            
            (228,862
            )
            
            243,425**Other
                comprehensive gain (loss):**Unrealized
                gain (loss) on marketable securities
            
            
            (341,366
            )
            
            5,542
            
            
            (341,366
            )
            
            5,542**Comprehensive
                gain (loss)**
            
            $
            280,004
            
            $
            385,782
            
            $
            (570,228
            )
            $
            248,967**Basic
                net income (loss) per share**
            
            $
            0.03
            
            $
            0.02
            
            $
            (0.01
            )
            $
            0.01**Weighted
                average shares of share capital outstanding -
                basic**
            
            
            24,550,747
            
            
            19,998,707
            
            
            22,385,878
            
            
            19,998,707**Diluted
                net income (loss) per share**
            
            $
            0.02
            
            $
            0.02
            
            $
            (0.01
            )
            $
            0.01**Weighted
                average shares of share capital outstanding -
                diluted**
            
            
            25,617,725
            
            
            19,998,707
            
            
            22,385,878
            
            
            19,998,707








The
      accompanying notes are an integral part of these unaudited consolidated
      financial statements.


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            4
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            of Contents*




**FINANC****IAL
      MEDIA GROUP,
      INC.**


(Formerly,
      Giant Jr. Investments Corp.)


**CONSOLIDATED
      STATEMENTS OF CASH FLOWS**


(Unaudited)





**For
                the nine month period ending May 31,****2006**
            
            **2005****CASH
                FLOWS FROM OPERATING ACTIVITIES:**Net
                gain (loss)
            
            $
            (228,862
            )
            $
            243,425Adjustments
                to reconcile net loss to net cash provided by (used in) operating
                activities:Depreciation
                and amortization
            
            
            11,175
            
            
            --Bad
                debts
            
            
            66,425
            
            
            --Revenues
                in exchange of marketable securities
            
            
            (5,202,883
            )
            
            (1,027,061
            )Impairment
                of marketable securities
            
            
            2,136,036
            
            
            --Loss
                (gain) on sale of marketable securities
            
            
            868,853
            
            
            (81,031
            )Increase
                in current assets:Receivables
            
            
            (124,932
            )
            
            (199,881
            )Other
                current assets
            
            
            (33,675
            )
            
            --Increase
                in current liabilities:Accounts
                payable and accrued expense
            
            
            79,766
            
            
            550,108Net
                cash used in operating activities
            
            
            (2,428,097
            )
            
            (514,440
            )**CASH
                FLOWS FROM INVESTING ACTIVITIES:**Cash
                received as part of acquisition
            
            
            416
            
            
            --Cash
                paid to purchase property and equipment
            
            
            (77,819
            )
            
            (4,219
            )Cash
                paid to purchase marketable securities
            
            
            (224,965)
            
            
            (50,445
            )Cash
                received from sale of marketable securities
            
            
            684,735
            
            
            619,739Net
                cash provided by investing activities
            
            
            382,367
            
            
            565,075**CASH
                FLOWS FROM FINANCING ACTIVITIES:**Cash
                receipts from note payable
            
            
            --
            
            
            73,700Cash
                received on issuance of shares
            
            
            2,024,203
            
            
            37,600Cash
                received from (paid to) shareholder as loan
            
            
            123,179
            
            
            (29,585
            )Net
                cash provided by financing activities
            
            
            2,147,382
            
            
            81,715**NET
                INCREASE IN CASH & CASH EQUIVALENTS**
            
            
            101,652
            
            
            132,350**CASH
                & CASH EQUIVALENTS, BEGINNING BALANCE**
            
            
            190,594
            
            
            49**CASH
                & CASH EQUIVALENTS, ENDING BALANCE**
            
            $
            292,246
            
            $
            132,399









The
      accompanying notes are an integral part of these unaudited consolidated
      financial statements.


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            5
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            of Contents*




**FINANCIA****L
        MEDIA GROUP,
        INC.**
 (Formerly,
        Giant Jr. Investments Corp.)
 **NOTES
        TO THE CONSOLIDATED FINANCIAL STATEMENTS**
 (Unaudited)




NOTE
        1DESCRIPTION
        OF BUSINESS
 WallStreet
            Direct, Inc. (“WallStreet”), a wholly-owned subsidiary of Financial Media Group,
            Inc. (the “Company”), was incorporated in the State of Nevada on January 5, 2005
            as a financial holding company specializing in a premier provider of
            financial
            news, tools and content for the global investment community. On January
            15,
            2005, WallStreet acquired 100% of the assets and outstanding shares of
            Digital
            WallStreet, Inc. which is 100% owned by the majority shareholder (86%)
            of the
            Company, in exchange for two promissory notes of $1,500,000 each, carrying
            interest at 6% per annum, due and payable on January 10, 2007 and January
            31,
            2010. As this merger is between entities under the common control, the
            issuance
            of the promissory notes to the majority shareholder has been recorded
            as a
            distribution to the majority shareholder. The merger has been accounted
            for on
            historical cost basis.
 
 Digital
            WallStreet, Inc. was incorporated in Nevada on June 12, 2002 and commenced
            its
            operations during the first quarter of 2003. The company is a full service
            financial media company focused on applications that enables the retail
            investors and financial communities to collaborate directly with publicly
            traded
            companies. The company provides internet based media and advertising
            services
            through its financial website “Wallst.net” and the company’s business newspaper
“WallSt.net Digest.”
 
 On
            January 6, 2006, Financial Media Group, Inc. acquired 100% of the equity
            in
            WallStreet pursuant to an Agreement and Plan of Reorganization dated
            September
            19, 2005 by and between WallStreet and the Company. Financial Media Group, Inc., formerly known as Giant Jr. Investments
            Corp. was
            incorporated in Nevada in 1984 as Southern Development Company, Inc.
            (SDC).
            Pursuant to the acquisition of WallStreet, WallStreet became the wholly
            owned
            subsidiary of Financial Media Group, Inc. and both entities continued
            as the
            surviving companies. The former shareholders of WallStreet received 19,998,707
            shares or 82% of the issued and outstanding shares of the Company’s common stock
            in exchange for all the issued and outstanding shares of
            WallStreet.
 
 The
            acquisition of WallStreet is accounted for as a reverse acquisition under
            the
            purchase method of accounting since the shareholders of WallStreet obtained
            control of the consolidated entity. Accordingly, the merger of the two
            companies
            is recorded as a recapitalization of WallStreet, with WallStreet being
            treated
            as the continuing operating entity. The historical financial statements
            presented herein will be those of WallStreet. The continuing entity retained
            August 31 as its fiscal year end.


USE
      OF
      ESTIMATES





The
      preparation of financial statements in conformity with generally accepted
      accounting principles requires management to make estimates and assumptions
      that
      affect the reported amounts of assets and liabilities and disclosure of
      contingent assets and liabilities at the date of the financial statements and
      the reported amounts of revenues and expenses during the reporting period.
      Actual results could differ from those estimates.





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          of Contents*




CASH
      AND
      CASH EQUIVALENTS





The
      Company considers all liquid investments with a maturity of three months or
      less
      from the date of purchase that are readily convertible into cash to be cash
      equivalents.





REVENUE
      RECOGNITION





The
      Company generates its revenue from advertising products related to marketing
      public companies through its financial media website.





Advertising
      products consist of web-banner advertising, e-mail-based advertising and print
      advertising. Web-banner advertising consists of continuous or rotating
      advertisements on the Company's online platforms. Delivery of these profiles
      is
      based on the number of impressions of an advertisement that a customer
      purchases. An impression is a single instance of an Internet user viewing the
      page that contains a customer's name and/or logo. Revenue is recognized on
      such
      advertising programs based on the proportionate units of advertising delivered
      over the period of a media campaign.





E-mail
      services are mailings to the list of subscribers to our financial media website,
      with delivery consisting solely of transmitting the mailing to the e-mail
      targets. E-mail services may be bought on a per-transmission basis, for which
      revenue is recorded when the transmission occurs, or on a fixed-fee monthly
      basis in which the client receives access to a fixed number of transmissions
      per
      month. The Company records the revenue on the fixed fee monthly e-mail services
      on a pro-rata basis over the term of the agreement.





The
      Company also generates advertising revenue from its print publication. The
      Company has determined fixed costs depending on size, and placement in the
      Company's print publication





All
      sources of revenue are recorded pursuant to Staff Accounting Bulletin (SAB)
      104
      Revenue Recognition, when persuasive evidence of arrangement exists, delivery
      of
      services has occurred, the fee is fixed or determinable and collectibility
      is
      reasonably assured.





DEFERRED
      REVENUES





The
      Company receives marketable securities and cash for services to be provided
      in
      future periods. The Company recognizes the revenue on a pro-rata basis over
      the
      term of the agreement. For the nine months ended May 31, 2006, the Company
      had
      $3,306,238 in deferred revenues.





FAIR
      VALUE OF FINANCIAL INSTRUMENTS





Statement
      of financial accounting standard No. 107, Disclosures about fair value of
      financial instruments, requires that the Company disclose estimated fair values
      of financial instruments. The carrying amounts reported in the statements of
      financial position for assets and liabilities qualifying, as financial
      instruments are a reasonable estimate of fair value.





OTHER
      COMPREHENSIVE INCOME & FOREIGN CURRENCY TRANSLATION





Statement
      of Financial Accounting Standards No. 130, Reporting Comprehensive Income ("SFAS
      No. 130"), establishes standards for reporting and display of comprehensive
      income, its components and accumulated balances. Comprehensive income is defined
      to include all changes in equity, except those resulting from investments by
      owners and distributions to owners. Among other disclosures, SFAS No. 130
      requires that all items that are required to be recognized under current
      accounting standards as components of comprehensive income be reported in a
      financial statement that is displayed with the same prominence as other
      financial statements.





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          7
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          of Contents*




ISSUANCE
      OF SHARES FOR SERVICES





The
      Company accounts for the issuance of equity instruments to acquire goods and
      services based on the fair value of the goods and services or the fair value
      of
      the equity instrument at the time of issuance, whichever is more reliably
      measurable.





RECLASSIFICATIONS





Certain
      comparative amounts have been reclassified to conform to the current year's
      presentation.




**NOTE
      2**  **RECENT
      PRONOUNCEMENTS**





In
      May
      2005, the FASB issued SFAS No. 154, "Accounting Changes and Error Corrections."
      This statement applies to all voluntary changes in accounting principle and
      requires retrospective application to prior periods' financial statements of
      changes in accounting principle, unless this would be impracticable. This
      statement also makes a distinction between "retrospective application" of an
      accounting principle and the "restatement" of financial statements to reflect
      the correction of an error. This statement is effective for accounting changes
      and corrections of errors made in fiscal years beginning after December 15,
      2005. SFAS No. 154 is not expected to have a material effect on the consolidated
      financial position or results of operations of the Company.





In
      February 2006, FASB issued SFAS No. 155, “Accounting for Certain Hybrid
      Financial Instruments.” SFAS No. 155 amends SFAS No 133, “Accounting for
      Derivative Instruments and Hedging Activities,” and SFAS No. 140, “Accounting
      for Transfers and Servicing of Financial Assets and Extinguishments of
      Liabilities.” SFAS No. 155, permits fair value remeasurement for any hybrid
      financial instrument that contains an embedded derivative that otherwise would
      require bifurcation, clarifies which interest-only strips and principal-only
      strips are not subject to the requirements of SFAS No. 133, establishes a
      requirement to evaluate interest in securitized financial assets to identify
      interests that are freestanding derivatives or that are hybrid financial
      instruments that contain an embedded derivative requiring bifurcation, clarifies
      that concentrations of credit risk in the form of subordination are not embedded
      derivatives, and amends SFAS No. 140 to eliminate the prohibition on the
      qualifying special-purpose entity from holding a derivative financial instrument
      that pertains to a beneficial interest other than another derivative financial
      instrument. This statement is effective for all financial instruments acquired
      or issued after the beginning of the Company’s first fiscal year that begins
      after September 15, 2006. SFAS No. 155 is not expected to have a material effect
      on the consolidated financial position or results of operations of the
      Company.





In
      March
      2006 FASB issued SFAS 156 ‘Accounting for Servicing of Financial Assets’ this
      Statement amends FASB Statement No. 140, *Accounting
      for Transfers and Servicing of Financial Assets and Extinguishments of
      Liabilities,* with
      respect to the accounting for separately recognized servicing assets and
      servicing liabilities. This Statement:





1.
            Requires
                an entity to recognize a servicing asset or servicing liability each
                time
                it undertakes an obligation to service a financial asset by entering
                into
                a servicing contract.


2.
            Requires
                all separately recognized servicing assets and servicing liabilities
                to be
                initially measured at fair value, if
                practicable.


3.
            Permits
                an entity to choose ‘Amortization method’ or Fair value measurement
                method’ for each class of separately recognized servicing assets and
                servicing liabilities:


4.
            At
                its initial adoption, permits a one-time reclassification of
                available-for-sale securities to trading securities by entities with
                recognized servicing rights, without calling into question the treatment
                of other available-for-sale securities under Statement 115, provided
                that
                the available-for-sale securities are identified in some manner as
                offsetting the entity’s exposure to changes in fair value of servicing
                assets or servicing liabilities that a servicer elects to subsequently
                measure at fair value.


5.
            Requires
                separate presentation of servicing assets and servicing liabilities
                subsequently measured at fair value in the statement of financial
                position
                and additional disclosures for all separately recognized servicing
                assets
                and servicing liabilities.





This
      Statement is effective as of the beginning of the Company’s first fiscal year
      that begins after September 15, 2006. Management believes that this statement
      will not have a significant impact on the consolidated financial
      statements.





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In
      December 2004, the FASB issued SFAS No. 123 (Revised), entitled *Share-Based
      Payment* .
      This
      revised Statement eliminates the alternative to use APB Opinion No. 25’s
      intrinsic value method of accounting that was provided in SFAS No. 123 as
      originally issued. Under Opinion 25, issuing stock options to employees
      generally resulted in recognition of no compensation cost. This Statement
      requires entities to recognize the cost of employee services received in
      exchange for awards of equity instruments based on the grant-date fair value
      of
      those awards. For public companies that file as a small business issuer, this
      Statement is effective as of the beginning of the first interim or annual
      reporting period that begins after December 15, 2005. The adoption of SFAS
      123
      (Revised) will not impact the consolidated financial statements, as the Company
      has not granted any equity instruments to employees.





In
      June
      2005, the EITF reached consensus on Issue No. 05-6, Determining the Amortization
      Period for Leasehold Improvements ("EITF 05-6.") EITF 05-6 provides guidance
      on
      determining the amortization period for leasehold improvements acquired in
      a
      business combination or acquired subsequent to lease inception. The guidance
      in
      EITF 05-6 will be applied prospectively and is effective for periods beginning
      after June 29, 2005. EITF 05-6 is not expected to have a material effect on
      its
      consolidated financial position or results of operations.




**NOTE
      3**  **MARKETABLE
      SECURITIES**





The
      Company’s investment in securities is classified as available-for-sale and, as
      such, is carried at fair value. All of the securities comprised of shares of
      common stock of its customers. Securities classified as available-for-sale
      may
      be sold in response to changes in interest rates, liquidity needs, and for
      other
      purposes. The Company does not have any held-to-maturity or trading securities
      as of May 31, 2006.





Unrealized
      holding gains and losses for available-for-sale securities are excluded from
      earnings and reported as a separate component of stockholder’s equity. Realized
      gains and losses for securities classified as available-for-sale are reported
      in
      earnings based upon the adjusted cost of the specific security sold. The Company
      sold marketable securities during the three month and nine month periods ended
      May 31, 2006 and recorded a loss of $73,440 and $868,853 in the accompanying
      financial statements. Realized gain on sale of marketable securities for the
      three month and nine month periods ended on May 31, 2005 amounted to $86,084
      and
      $81,031, respectively. The Company recognized an impairment expense on the
      marketable securities of $970,964 and $2,136,036, respectively during the three
      month & nine month periods ended May 31, 2006.





Marketable
      securities classified as available-for-sale consisted of the following as of
      May
      31, 2006:


Marketable
                  Securities
              
              Cost
              
              Market
                  Value at May 31, 2006
              
              Accumulated
                  Unrealized GainVarious
              
              $4,077,699
              
              $4,419,065
              
              $341,366


**NOTE
      4**  **ACCRUED
      EXPENSES**





Accrued
      expenses consist of the following at May 31, 2006:





Accrued
                interest
            $
            337,644Customer
                deposits
            
            12,000Accrued
                payroll
            
            75,567Accrued
                taxes
            
            123,422Other
            
            6,954$
            555,587





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**NOTE
      5**  **NOTES
      PAYABLE**





Note
                payable to an officer due on demand, bearing an annual interest rate
                of
                8%, unsecured
            $
            7,500Notes
                payable to an officer, due January 31, 2007 and January 31, 2010,
                interest
                rate 6%, secured
            
            3,000,0003,007,500Less
                current portion
            
            (1,500,000)$
            1,507,500Current
                note payable to third party, due August 31, 2006, bearing an annual
                interest rate of 9%, unsecured
            $
            100,000





On
      January 15, 2005, Wallstreet acquired 100% of the assets and outstanding shares
      of Digital WallStreet, Inc. in exchange for two $1,500,000 promissory notes
      payable to an officer, each carrying interest at 6% per annum, interest due
      quarterly. One promissory note for $1,500,000 is due and payable on or before
      January 31, 2007 and the second note for $1,500,000 is due and payable on or
      before January 31, 2010. Should the total annual billings made by Digital
      Wallstreet, Inc. for the calendar years ending December 31, 2005 or December
      31,
      2006 equals or exceeds $2,000,000, the full principal balance of the second
      $1,500,000 note will be due and payable on or before January 31, 2010. If the
      annual billings are less than the sum of $2,000,000, the principal balance
      of
      the second note shall be reduced by the difference between $2,000,000 and the
      actual annual billings achieved.





Interest
      expense on notes payable amounted to $47,393 (including $45,000 for interest
      to
      officers) and $122,089 (including $116,959 for interest to officers) for the
      three month and nine month periods ended May 31, 2006 compared to $46,100
      (including $46,019 for interest to officers) and $80,780 (including $80,699
      for
      interest to officers) for the same periods ended May 31, 2005.





**NOTE
      6**  **LOAN
      PAYABLE**





The
      Company has obtained loans from shareholders amounting to $123,179 as of May
      31,
      2006. Loans payable to shareholders are non-interest bearing, unsecured and
      payable on demand.





**NOTE
      7**  **COMMON
      STOCK AND PAID IN CAPITAL**





On
      January 6, 2006, WallStreet merged into and with Financial Media Group, Inc.,
      pursuant to an Agreement and Plan of Reorganization dated September 19, 2005
      by
      and between WallStreet and Financial Media Group, Inc. Pursuant to the merger
      transaction, the separate existence of WallStreet ceased and Financial Media
      Group, Inc. continued as the surviving corporation. The former shareholders
      of
      WallStreet received 19,998,707 shares or 82% of the issued and outstanding
      shares of the Company’s common stock in exchange for all the issued and
      outstanding shares of WallStreet.





Prior
      to
      the merger of WallStreet, WallStreet had agreed to sell 10,000,000 units at
      a
      unit price of $0.25 per unit to raise $2,500,000 through a private placement
      on
      June 1, 2005.. Each unit consisted of one share of common stock, par value
      of
      $0.001 per share, one redeemable Class A Warrant and one redeemable Class B
      Warrant. Each Class A and Class B Warrant entitled the registered holder to
      purchase, at any time until the first anniversary date of the private placement
      memorandum, one share of common stock at an exercise price of $0.50 and $0.75,
      respectively. In accordance with terms and conditions of the acquisition of
      WallStreet, the exercise price of redeemable Class A and Class B Warrant of
      WallStreet to purchase Common Shares of the Company were revised to $0.75 for
      Class A Warrant and $1.74 for Class B Warrant, respectively. As of May 31,
      2006,
      the Company sold 6,325,000 units and raised $1,581,250 since inception of the
      private placement.





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Through
      a
      private placement on January 25, 2006 and after the merger, the Company sold
      120,000 units to eight accredited investors for cash consideration of
      $120,000.00. Each unit sold consists of one common share, a
      redeemable Class C Warrant (the “Class C Warrant”) a redeemable Class D Warrant
      (the “Class D Warrant”), and a redeemable Class E Warrant (the “Class E
      Warrant”) of Financial Media Group, Inc. Each Class C Warrant entitles the
      registered holder thereof to purchase, at any time until the first anniversary
      of the date of the purchase, 15,000 shares of Common Stock at an exercise price
      of $1.50 per share, subject to adjustment. Each Class D Warrant entitles the
      registered holder thereof to purchase, at any time until the second anniversary
      of the date of the purchase, 15,000 shares of Common Stock at an exercise price
      of $2.25 per share, subject to adjustment. Each Class E Warrant entitles the
      registered holder thereof to purchase, at any time until the third anniversary
      of the date of the purchase, 15,000 shares of Common Stock at an exercise price
      of $3.75 per share, subject to adjustment. The Class C Warrants, the Class
      D
      Warrants and the Class E Warrants (collectively, the “Warrants”) are redeemable
      by the Company, at a redemption price of $0.05 per share, upon at least 30
      days
      prior written notice. Commencing 12 months from the date of the private
      placement or upon an effective Registration Statement, whichever is earlier,
      at
      the price of $0.05 per Warrant, upon not less than 30 days notice to the holders
      of the Warrants called for redemption, provided that the average closing bid
      price of the Common Stock exceeds $2.50 for Class C Warrants, $4.50 for the
      Class D Warrants and $7.50 for the Class E Warrants for 20 trading days. The
      holders of the Warrants called for redemption shall have exercise rights until
      the close of business on the date fixed for redemption. Class C Warrants expire
      on January 25, 2007, Class D Warrants expire on January 25, 2008 and Class
      E
      Warrants expire on January 25, 2009, respectively.





During
      the nine months ended May 31, 2006, the Company received $935,453 in cash
      consideration for exercise of 1,247,270 Class A Warrants pursuant to the private
      placement of June 1, 2005. The remaining unexercised 1,483,232 Class A Warrants
      expired on June 1, 2006. No other classes of warrant holders exercised their
      Warrants during the nine month period ended May 31, 2006.




**NOTE
      8**  **BASIC
      AND DILUTED NET LOSS PER SHARE**





Net
      loss
      per share is calculated in accordance with the Statement of financial accounting
      standards No. 128 (SFAS No. 128), “Earnings per share.” SFAS No. 128 superseded
      Accounting Principles Board Opinion No.15 (APB 15). Net loss per share for
      all
      periods presented has been restated to reflect the adoption of SFAS No. 128.
      Basic net loss per share is based upon the weighted average number of common
      shares outstanding. Diluted net loss per share is based on the assumption that
      all dilutive convertible shares and stock options were converted or exercised.
      Dilution is computed by applying the treasury stock method. Under this method,
      options and warrants are assumed to be exercised at the beginning of the period
      (or at the time of issuance, if later), and as if funds obtained thereby were
      used to purchase common stock at the average market price during the
      period.





Weighted
      average number of shares used to compute basic and diluted loss per share is
      the
      same since the effect of dilutive securities is anti-dilutive.





**NOTE
      9**  **SUPPLEMENTAL
      DISCLOSURES OF CASH FLOWS**





The
      Company prepares its statements of cash flows using the indirect method as
      defined under the Financial Accounting Standard No. 95.





The
      Company paid $0 for income tax and interest during the nine month periods ended
      May 31, 2006 and 2005, respectively.





**NOTE
      10**  **INCOME
      TAXES**





The
      Company has not generated any taxable income, and, therefore, no provision
      for
      income taxes has been provided other than minimum franchise taxes paid to the
      State.





Through
      May 31, 2006, the Company had incurred net operating losses of $3,852,956 for
      federal tax purposes of and $2,338,454 for state tax purposes. The net operating
      loss carry-forward may be used to reduce taxable income through the year 2020.
      The ownership of the Company changed by more than 50% during the year ended
      August 31, 2005, hence the net operating loss carry-forwards would be limited
      as
      prescribed by IRS rules.





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The
      Company's total deferred tax asset is as follows:





**May
                31, 2006**Tax
                benefit of net operating loss carryforward
            $
            1,446,440Valuation
                allowance
            
            (1,446,440)Net
                deferred tax asset
            $
            --





The
      following is a reconciliation of the provision for income taxes at the U.S.
      federal income tax rate to the income taxes reflected in the Statement of
      Operations:





**Three
                month periods ended May 31,**
            ****
            **Three month
                periods ended May 31,**
            ********
            ****
            **2006**
            ****
            **2005**
            ****
            **2006**
            ****
            **2005**Tax
                at federal statutory rate
            
            
            211,816
            
            
            238,113
            
            
            (76,447
            )
            
            83,309State
                net of federal benefit
            
            
            36,348
            
            
            40,860
            
            
            (13,118
            )
            
            14,296Valuation
                allowance
            
            
            (250,564
            )
            
            (279,773
            )
            
            87,165
            
            
            (98,405
            )$
            2,400
            
            $
            800
            
            $
            2,400
            
            $
            800





**NOTE
      11**  **GOING
      CONCERN**





The
      Company's financial statements are prepared using the generally accepted
      accounting principles applicable to a going concern, which contemplates the
      realization of assets and liquidation of liabilities in the normal course of
      business. However, the Company has an accumulated deficit of $3,115,805 as
      of
      May 31, 2006.The Company has incurred a net loss of $228,862 for the nine month
      period ended May 31, 2006. In view of the matter described above, recoverability
      of a major portion of the recorded asset amounts shown in the accompanying
      balance sheets is dependent upon continued operations of the Company, which
      in
      turn is dependent upon the Company’s ability to raise additional capital, obtain
      financing and to succeed in its future operations. The financial statements
      do
      not include any adjustments relating to the recoverability and classification
      of
      recorded asset amounts or amounts and classification of liabilities that might
      be necessary should the Company be unable to continue as a going
      concern.





Management
      has taken steps to revise its operating and financial requirements, which it
      believes are sufficient to provide the Company with the ability to continue
      on
      for the next twelve months. Management devoted considerable effort during the
      period ended May 31, 2006, towards management of liabilities and improving
      the
      operations. The management believes that the above actions will allow the
      Company to continue its operations through the next twelve months.





**NOTE
      12**  **COMMITTMENTS**





The
      Company leases office facilities under operating leases that terminating on
      February 28, 2010. Rental expense for the lease consisted of $75,058 and
      $138,316 for the three month and nine month periods ended May 31, 2006. The
      Company has future minimum lease obligations as follows:





**Year
                ending August 31,**2006
            
            $
            74,3752007
            
            
            297,5002008
            
            
            297,5002009
            
            
            297,5002010
            
            
            148,750Total
            
            $
            1,115,625





**NOTE
      13**  **SUBSEQUENT
      EVENTS**





As
      of
      July 11, 2006, the Company received a cash consideration of $45,000.00 for
      sale
      of 45,000 units to two accredited investors. The Company has not issued these
      units to the accredited investors as of July 11, 2006.





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          12
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**Item
      2. Management’s Discussion and Analysis of Financial
      Condition**





Description
      of Business





On
      June
      1, 2005, shareholders of Financial Media Group, Inc. (formerly "Giant Jr.
      Investments Corp.," "Giant Jr."), ("Financial Media," "We" or "Company") who
      collectively owned a majority of the issued and outstanding shares of the
      Company consented in writing to terminate the Company's legal status as a
      Business Development Company ("BDC") as defined under Section 2(a) (48) of
      the
      Investment Company Act of 1940 (the "1940 Act"), as amended. After the
      termination of such status, the Company has been governed by the rules and
      regulations promulgated under the Securities Act of 1933 and the Securities
      and
      Exchange Act of 1934.





On
      September 19, 2005, the Company entered into an Agreement and Plan of
      Reorganization, as amended on September 21, 2005 (the “Agreement”), pursuant to
      which the Company acquired all of the issued and outstanding common stock of
      WallStreet Direct, Inc. (“WallStreet”) in exchange for up to 20,000,000 shares
      of the Company’s common stock. The transaction completed on January 6, 2006,
      upon completion of the due diligence by both the parties. Upon closing of the
      exchange transaction, WallStreet became a wholly-owned subsidiary of the
      Company. The existing shareholders of the Company upon completion of the
      acquisition owned 4,394,530 shares or 18% of the issued and outstanding shares
      of the Company’s common stock, and the shareholders of WallStreet owned
      19,998,707 shares or 82% of the issued and outstanding shares of the Company’s
      common stock.





The
      acquisition of WallStreet is accounted for as a reverse acquisition under the
      purchase method of accounting since the shareholders of WallStreet obtained
      control of the consolidated entity. Accordingly, the merger of the two companies
      is recorded as a recapitalization of WallStreet, with WallStreet being treated
      as the continuing entity. The historical financial statements to be presented
      will be those of WallStreet. The continuing company has retained August 31
      as
      its fiscal year end.





WallStreet
      owns and operates www.wallst.net, an online provider of financial news, media,
      tools and community-driven applications for investors. In addition to
      www.wallst.net, WallStreet organizes investor conferences, publishes a
      newspaper, and provides multimedia advertising solutions to small and mid-sized
      publicly traded companies.





Corporate
      History





The
      Company was incorporated in Nevada in 1984 as Southern Development Company,
      Inc.
      ("SDC"). In December 1994, SDC merged with Integrated Communications Access
      Network, Inc. ("ICAN"). In March 1996, the Company was renamed SDC, and in
      September 1998, the Company changed its name to EssxSport Corp. At that time,
      the Company had no assets and no liabilities. From September 1998 until August
      31, 2004, the Company was primarily engaged in the manufacture and distribution
      of athletic equipment, primarily for pole vaulting and other track and field
      activities. The Company sold, transferred and delivered all of its assets
      relating to its pole vault and sports business to its former President and
      director. The assets sold included names, logos, trademarks, and endorsements
      relating to name "EssxSport," all the equipment, tools, inventory at the Texas
      location and 100% ownership stock certificates for Eonlinesports.com,
      Inc.





On
      May
      20, 2004, the Company's shareholders approved amending the Articles of
      Incorporation to change name to "Giant Jr. Investments Corp."





On
      June
      30, 2004, the Company filed with the Securities and Exchange Commission ("SEC")
      to become a BDC under the 1940 Act and on September 1, 2004 it began its BDC
      operations.





On
      April
      11, 2005, the Company entered into a share exchange agreement, to acquire 16
      million shares of WallStreet, representing approximately 40% of the issued
      and
      outstanding common shares of WallStreet, in exchange for 7 million common shares
      of the Company. On May 25, 2005, the Company and WallStreet mutually agreed
      to terminate the agreement citing the timing of merger was not right for both
      the companies.





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On
      June
      1, 2005, the Company’s Board of Directors and the shareholders owning
      approximately 52% of the Company’s common stock consented in writing and
      terminated the Company’s status as a Business Development Enterprise company.
      After the termination, the Company is governed by the rules and regulations
      promulgated under the Securities Act of 1933 and the Securities and Exchange
      Act
      of 1934.





On
      September 19, 2005, the Company reentered into an Agreement and Plan of
      Reorganization, as amended on September 21, 2005 (the “Agreement”), pursuant to
      which the Company agreed to acquire all of the issued and outstanding common
      stock of WallStreet in exchange for up to 20,000,000 shares of the Company’s
      common stock.





On
      January 6, 2006, the acquisition of WallStreet transaction was completed and
      WallStreet became a wholly-owned subsidiary of the Company. The current Company
      shareholders owned 4,394,530 shares or 18% of the issued and outstanding shares
      of the Company’s common stock, and the former shareholders of WallStreet owned
      19,998,707 shares or 82% of the issued and outstanding shares of the Company’s
      common stock.





Plan
      of
      operations





Since
      the
      termination of its BDC status in June 2005, the Company's objective has been
      to
      acquire business entities that will have experienced management and
      opportunities for growth in exchange for its securities. The Company completed
      its acquisition of WallStreet in January 2006 and WallStreet became a
      wholly-owned subsidiary of the Company.





The
      Company’s current operations consist of the operations of WallStreet, a
      financial media and advertising company that provides various financial Internet
      solutions, tools, content and services to individual investors, media,
      corporate, and financial services companies. WallStreet also provides
      Internet-based media and advertising services through its www.wallst.net
      (WallSt.net) financial Web site, investor conferences, and print publications
      that are distributed to investment professionals across North
      America.





Advertising
      on WallSt.net consists of continuous or rotating client profiles on various
      Web
      pages within WallSt.net. Delivery of these profiles is based on a certain number
      of impressions on WallSt.net depending on our client agreements. An impression
      is defined as a single instance of an advertisement being displayed. WallStreet
      also provides E-mail services to its clients, which are mailings sent to a
      targeted list of e-mail addresses, with delivery consisting solely of
      transmitting the mailing to the e-mail targets. E-mail services may be purchased
      on a per-transmittal basis, for which revenue is recorded when the transmittal
      occurs, or on a fixed-fee basis in which the client receives access to a fixed
      number of transmittals per-month. The Company records the revenue on the
      fixed-fee basis pro rated over the term of the client agreement.





Results
      of Operations





The
      consolidated results of operations of the Company for the nine months ended
      May
      31, 2006 consisted of the operations of the Company and its wholly-owned
      subsidiary WallStreet, compared to the operations of WallStreet for the same
      periods in 2005. The acquisition of WallStreet is accounted for as a reverse
      acquisition under the purchase method of accounting since the shareholders
      of
      WallStreet obtained control of the consolidated entity. Accordingly, the merger
      of the two companies is recorded as a recapitalization of WallStreet, with
      WallStreet being treated as the continuing entity. The historical financial
      statements to be presented will be those of WallStreet.





The
      Company reported a net income of $621,370 for the three months ended May 31,
      2006 and a net loss of $228,862 for the nine months periods ending May 31,
      2006
      compared to net incomes of $380,240 and $243,425 for the same periods in
      2005.





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Revenues





Revenues
      for the three months and nine months periods ended May 31, 2006 were $2,685,336
      and $5,603,808 compared to $1,214,745 and $1,472,202 for the same periods in
      2005. Revenues increased by $1,470,591 (121%) and $4,131,606 (281%) during
      the
      three months and nine months periods due to the Company’s expanded effort in
      marketing its services and gaining clients during the last nine
      months.





Operating
      expenses





Selling,
      general and administrative expenses (S,G&A) for the three month and nine
      month periods ended May 31, 2006 were $964,784 and $2,691,226 compared to
      $469,557 and $1,239,903 for the same periods in 2005. S,G&A expenses
      increased by $495,227 (105%) and $1,451,323 (117%) during the three month and
      nine month periods ended May 31, 2006 as compared to 2005, primarily due to
      increase in payroll costs, relocation costs due to moving to a larger office
      facility, increase in administrative, sales and marketing personnel and increase
      in legal costs due to the acquisition of the subsidiary. Impairment of
      marketable securities for the three month and nine month periods ended May
      31,
      2006 were $970,964 and $2,136,036 compared to none for the same periods in
      2005.
      Impairment expense was recorded because the market value of the securities
      received by the Company as compensation for services declined more than 50%
      of
      their market value. Therefore, the Company took a conservative approach of
      recording the increased impairment expense. Depreciation expense for the three
      month and nine month periods ended May 31, 2006 was $5,937 and $11,175 compared
      to none for the same periods in 2005.





Interest
      expense for the three month and nine month periods ended May 31, 2006 was
      $47,393 and $122,089 compared to $46,100 and $80,780 for the same periods in
      2005. Interest expense increased due to the interest charged on the $3.0 million
      promissory notes executed by the Company in January 2005. Realized loss on
      sale
      of marketable securities for the three month and nine month periods ended May
      31, 2006 was $73,440 and $868,853 compared to realized gains of $86,084 and
      $81,031 for the same periods in 2005. The Company sold non-performing marketable
      securities held in its possession and realized losses on their sale prior to
      December 31, 2005 to take advantage of tax loss for benefit in future periods.
      Unrealized loss for the three month and nine month periods ended May 31, 2006
      was $341,366 compared to unrealized gain of $5,542 for the same periods in
      2005.
      Unrealized gain or loss resulted due to the increase or decrease in market
      value
      of the marketable securities held at May 31, 2006 and 2005,
      respectively.





Liquidity
      and capital resources





Cash
      and
      cash equivalents at May 31, 2006 were $292,246 compared to $132,399 at May
      31,
      2005. No assurance can be made that the Company will have access to the capital
      markets in future, or that financing will be available on acceptable terms
      to
      satisfy the Company’s cash requirements needed to implement its business
      strategies. The Company’s inability to access the capital markets or obtain
      acceptable financing could have a material adverse affect on its results of
      operations and financial condition, and could severely threaten the Company’s
      ability as a going concern.





As
      shown
      in the accompanying consolidated financial statements, the Company recorded
      a
      loss of $228,862 for the nine month period ended May 31, 2006 compared to an
      income of $243,425 for the same period in 2005. The Company’s current
      liabilities exceeded its current assets by $981,725 at May 31, 2006, and net
      cash used in operating activities for the nine months ended May 31, 2006 was
      $2,599,756. These factors and the Company’s ability to meet its debt obligations
      from current operations, and the need to raise additional capital to accomplish
      its objectives create a substantial doubt about the Company’s ability to
      continue as a going concern.





Operating
      activities





Net
      cash
      used in operating activities for the nine months period ended May 31, 2006
      was
      $2,428,096. The increase in net cash used in operating activities resulted
      due
      to an increase in receivables of $124,932, other current assets of $33,675,
      and
      increase in accounts payable and accrued expenses of $79,768.





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Investing
      activities





Net
      cash
      provided by investing activities for the nine months period ended May 31, 2006
      was $382,367. The Company received $684,735 in cash proceeds from sale of
      marketable securities, expended cash of $77,819 for purchase of property and
      equipment, and expended cash of $224,965 for purchase of marketable
      securities.





Financing
      activities





Net
      cash
      provided by financing activities for the nine months period ended May 31, 2006
      was $2,147,382 due to cash received from sale of securities and exercise of
      warrants amounting to $2,024,203 and loans received from the shareholders of
      $123,179.





As
      a
      result of the above activities, the Company experienced a net increase in cash
      of $101,652 for the nine months period ended May 31, 2006. The ability of the
      Company to continue as a going concern is still dependent on its success in
      obtaining additional financing from investors through the sale of its
      securities.





Caution
      regarding forward-looking statements





The
      Company occasionally makes forward-looking statements concerning its plans,
      goals, product and service offerings, and anticipated financial performance.
      These forward-looking statements may generally be identified by introductions
      such as "outlook" for an upcoming period of time, or words and phrases such
      as
      "should," "expect," "hope," "plans," "projected," "believes," "forward-looking"
      (or variants of those words and phrases) or similar language indicating the
      expression of an opinion or view concerning the future.





These
      forward-looking statements are subject to risks and uncertainties based on
      a
      number of factors and actual results or events may differ materially from those
      anticipated by such forward-looking statements. These factors include, but
      are
      not limited to: the growth rate of the Company's revenue and market share;
      the
      consummation of new, and the non-termination of, existing contracts; new
      competitors entering the Company's business, the Company's ability to
      effectively manage its business functions while growing its business in a
      rapidly changing environment; the Company's ability to adapt and expand its
      services in such an environment; the Company's ability to successfully refinance
      or extend its line of credit or obtain alternative sources of financing; the
      effective and efficient management of the Company's inventory levels and
      processing of sales orders; the quality of the Company's plans and strategies;
      and the Company's ability to execute such plans and strategies.





In
      addition, forward-looking statements concerning the Company's expected revenue
      or earnings levels are subject to many additional uncertainties applicable
      to
      competitors generally and to general economic conditions over which the Company
      has no control. The Company does not plan to generally publicly update prior
      forward-looking statements for unanticipated events or otherwise and,
      accordingly, prior forward-looking statements should not be considered to be
      "fresh" simply because the Company has not made additional comments on those
      forward-looking statements.





**Item
      3. Controlsand Procedures**





Evaluation
      of disclosure controls and procedures: The Company maintains controls and
      procedures designed to ensure that information required to be disclosed in
      this
      report is recorded, processed, accumulated and communicated to our management,
      including our chief executive officer and principal accounting officer, to
      allow
      timely decisions regarding the required disclosure. Within the 90 days prior
      to
      the filing date of this report, our management, with the participation of our
      chief executive officer and principal accounting officer, carried out an
      evaluation of the effectiveness of the design and operation of these disclosure
      controls and procedures. Our chief executive officer and principal accounting
      officer concluded, as of fifteen days prior to the filing date of this report,
      that these disclosure controls and procedures are effective.





Changes
      in internal controls: Subsequent to the date of the above evaluation, the
      Company made no significant changes in its internal controls or in other factors
      that could significantly affect these controls, nor did it take any corrective
      action, as the evaluation revealed no significant deficiencies or material
      weaknesses.





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          16
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          of Contents*




**PART
      II OTHER
      INFORMATION**




**Item
      1. Legal Proceedings**





None.





**Item
      2. Changes in Securities**





None.





**Item
      3. Defaults Upon Senior Securities**





None.





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





None.





**Item
      5. Other Information**





None.





**Item
      6. Exhibits and Reports on Form 8-K**





a)
            Form
                8-K -- Filed on April 6, 2006 - SEC Film No. 06745199, Incorporated
                by
                reference





b)
            Exhibits





Exhibit
                number
            
            Description31.1
            
            Section
                302 Certification31.2
            
            Section
                302 Certification32.1
            
            Section
                906
                Certification





**SIGNATURES**





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











Dated:
                July 11, 2006
            Financial
                Media Group, Inc.*By:**/s/
                Albert Aimers**Albert
                Aimers**Chief
                Executive Officer*


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