UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q
                 Quarterly Report under Section 13 or 15 (d) of
                         Securities Exchange Act of 1934

                  For the quarterly period ended March 31, 2008

                        Commission File Number 333-135852


                               COASTAL MEDIA INC.
              (Exact name of small business issuer in its charter)

           Nevada                                         20-4952339
(State or other jurisdiction of                (IRS Employer Identification No.)
 incorporation or organization)

                               1574 Gulf Road #139
                             Point Roberts, WA 98281
                    (Address of principal executive offices)

                                  360-226-7310
                               (Telephone Number)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 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 [ ]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [X] No [ ]

There were 3,600,000 shares of Common Stock outstanding as of March 31, 2008.

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer or a smaller reporting company.

Large accelerated filer [ ]                        Accelerated Filer [ ]

Non-accelerated filer [ ]                          Smaller reporting company [X]
<PAGE>
ITEM 1. FINANCIAL STATEMENTS

The un-audited quarterly financial statements for the period ended March 31,
2008, prepared by the company, immediately follow.



                                       2
<PAGE>
                               COASTAL MEDIA INC.
                          (A Development Stage Company)
                                  Balance Sheet
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                    As of              As of
                                                                   March 31,          June 30,
                                                                     2008               2007
                                                                   --------           --------
<S>                                                                <C>                <C>
                                     ASSETS

CURRENT ASSETS
  Cash                                                             $ 16,729           $ 30,844
                                                                   --------           --------
TOTAL CURRENT ASSETS                                                 16,729             30,844

FIXED ASSETS
  Office Equipment                                                    4,136                474
                                                                   --------           --------
TOTAL FIXED ASSETS                                                    4,136                474
                                                                   --------           --------

      TOTAL ASSETS                                                 $ 20,865           $ 31,318
                                                                   ========           ========

                       LIABILITIES & STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Payable to a Director                                            $    200           $     --
                                                                   --------           --------
TOTAL CURRENT LIABILITIES                                               200                 --

      TOTAL LIABILITIES                                                 200                 --

STOCKHOLDERS' EQUITY
  Common stock, ($0.001 par value, 75,000,000 shares
   authorized; 3,600,000 shares issued and outstanding
   as of March 31, 2008 and June 30, 2007                             3,600              3,600
  Additional paid-in capital                                         46,400             46,400
  Deficit accumulated during development stage                      (29,335)           (18,682)
                                                                   --------           --------
TOTAL STOCKHOLDERS' EQUITY                                           20,665             31,318
                                                                   --------           --------

      TOTAL LIABILITIES & STOCKHOLDERS' EQUITY                     $ 20,865           $ 31,318
                                                                   ========           ========
</TABLE>


                       See Notes to Financial Statements

                                       3
<PAGE>
                               COASTAL MEDIA INC.
                          (A Development Stage Company)
                             Statement of Operations
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                                             May 19, 2006
                                          Nine Months      Nine Months     Three Months     Three Months     (inception)
                                            Ended            Ended            Ended            Ended           through
                                           March 31,        March 31,        March 31,        March 31,        March 31,
                                             2008             2007             2008             2007             2008
                                          ----------       ----------       ----------       ----------       ----------
<S>                                       <C>              <C>              <C>              <C>              <C>
REVENUES
  Revenues                                $       --       $       --       $       --       $       --       $       --
                                          ----------       ----------       ----------       ----------       ----------
TOTAL REVENUES                                    --               --               --               --               --

PROFESSIONAL FEES                              4,600            4,900            4,600               --           11,500
GENERAL & ADMINISTRATIVE EXPENSES              6,053            8,375            2,568            1,900           17,835
                                          ----------       ----------       ----------       ----------       ----------
TOTAL GENERAL & ADMINISTRATIVE EXPENSES       10,653           13,275            7,168            1,900           29,335
                                          ----------       ----------       ----------       ----------       ----------

NET INCOME (LOSS)                         $  (10,653)      $  (13,275)      $   (7,168)      $   (1,900)      $  (29,335)
                                          ==========       ==========       ==========       ==========       ==========

BASIC EARNINGS PER SHARE                  $     0.00       $     0.01       $     0.00       $     0.00
                                          ==========       ==========       ==========       ==========
WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES OUTSTANDING                 3,600,000        2,297,810        3,600,000        2,906,667
                                          ==========       ==========       ==========       ==========
</TABLE>


                       See Notes to Financial Statements

                                       4
<PAGE>
                               COASTAL MEDIA INC.
                          (A Development Stage Company)
                             Statement of Cash Flows
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                                     May 19, 2006
                                                                Nine Months        Nine Months        (inception)
                                                                  Ended              Ended              through
                                                                 March 31,          March 31,          March 31,
                                                                   2008               2007               2008
                                                                 --------           --------           --------
<S>                                                              <C>                <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net income (loss)                                              $(10,653)          $(13,275)          $(29,335)
  Adjustments to reconcile net loss to net cash
   provided by (used in) operating activities:

  Changes in operating assets and liabilities:
    Loan Payable                                                       --                 --                 --
    Payable to a Director                                             200                 --                200
                                                                 --------           --------           --------
          NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES     (10,453)           (13,275)           (29,135)

CASH FLOWS FROM INVESTING ACTIVITIES
  Office Equipment                                                 (3,662)              (393)            (4,171)
  Depreciation                                                         --                 --                 35
                                                                 --------           --------           --------
          NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES      (3,662)              (393)            (4,136)

CASH FLOWS FROM FINANCING ACTIVITIES
  Issuance of common stock                                             --              1,600              3,600
  Additional paid-in capital                                           --             38,400             46,400
                                                                 --------           --------           --------
          NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES          --             40,000             50,000
                                                                 --------           --------           --------

NET INCREASE (DECREASE) IN CASH                                   (14,115)            26,332             16,729

CASH AT BEGINNING OF PERIOD                                        30,844              9,449                 --
                                                                 --------           --------           --------

CASH AT END OF YEAR                                              $ 16,729           $ 35,781           $ 16,729
                                                                 ========           ========           ========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

Cash paid during year for:
  Interest                                                       $     --           $     --           $     --
                                                                 ========           ========           ========
  Income Taxes                                                   $     --           $     --           $     --
                                                                 ========           ========           ========
</TABLE>


                       See Notes to Financial Statements

                                       5
<PAGE>
                               COASTAL MEDIA INC.
                         (An Development Stage Company)
                          Notes to Financial Statements
                                 March 31, 2008


NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS

Coastal Media Inc. (the Company) was incorporated under the laws of the State of
Nevada on May 19,  2006.  The  Company  was formed to engage in the  business of
manufacturing, marketing, distributing and selling its marine DVDs.

The  Company  is in the  development  stage.  Its  activities  to date have been
limited to capital formation, organization and development of its business plan.
The Company has commenced limited start up operations.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A. BASIS OF ACCOUNTING

The Company's  financial  statements  are prepared  using the accrual  method of
accounting. The Company has elected a June 30 year-end.

B. BASIC EARNINGS PER SHARE

In February 1997, the FASB issued  Statement of Financial  Accounting  Standards
("SFAS")  No.  128,  "Earnings  Per Share",  which  specifies  the  computation,
presentation  and  disclosure  requirements  for  earnings  (loss) per share for
entities with publicly held common stock. SFAS No. 128 supersedes the provisions
of APB No. 15, and requires the  presentation of basic earnings (loss) per share
and diluted earnings (loss) per share. The Company has adopted the provisions of
SFAS No. 128 effective May 19, 2006 (date of inception).

Basic net loss per share  amounts is computed  by  dividing  the net loss by the
weighted average number of common shares outstanding. Diluted earnings per share
are the same as basic  earnings  per share due to the lack of dilutive  items in
the Company.

C. CASH EQUIVALENTS

The Company considers all highly liquid  investments  purchased with an original
maturity of three months or less to be cash equivalents.

D. USE OF ESTIMATES AND ASSUMPTIONS

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. In accordance with FASB 16 all
adjustments are normal and recurring.

                                       6
<PAGE>
                               COASTAL MEDIA INC.
                         (An Development Stage Company)
                          Notes to Financial Statements
                                 March 31, 2008


NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

E. INCOME TAXES

Income  taxes are  provided in  accordance  with SFAS No. 109,  "Accounting  for
Income  Taxes".  A deferred tax asset or liability is recorded for all temporary
differences   between  financial  and  tax  reporting  and  net  operating  loss
carryforwards. Deferred tax expense (benefit) results from the net change during
the year of deferred tax assets and liabilities.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of
management,  it is more likely than not that some portion of all of the deferred
tax assets will be realized.  Deferred tax assets and  liabilities  are adjusted
for the effects of changes in tax laws and rates on the date of enactment.

F. PROPERTY AND EQUIPMENT

Property  and  equipment  are  stated  at cost  less  accumulated  depreciation.
Depreciation  is  provided  principally  on the  straight-line  method  over the
estimated  useful lives of the assets,  which are  generally 3 to 27 years.  The
amounts  of  depreciation  provided  are  sufficient  to charge  the cost of the
related assets to operations  over their  estimated  useful lives.  Upon sale or
other disposition of a depreciable property,  cost and accumulated  depreciation
are removed from the accounts and any gain or loss is reflected in other income.

The  Company  periodically  evaluates  whether  events  and  circumstances  have
occurred that may warrant  revision of the estimated useful life of fixed assets
or  whether  the  remaining  balance of fixed  assets  should be  evaluated  for
possible  impairment.  The Company uses an estimate of the related  undiscounted
cash  flows  over the  remaining  life of the fixed  assets in  measuring  their
recoverability.

NOTE 3. GOING CONCERN

The  accompanying  financial  statements are presented on a going concern basis.
The Company had limited  operations during the period from May 19, 2006 (date of
inception) to March 31, 2008 and generated a net loss of $29,335. This condition
raises  substantial  doubt  about the  Company's  ability to continue as a going
concern.  Because  the Company is  currently  in the  development  stage and has
minimal expenses, management believes that the company's current cash of $16,729
is  sufficient  to cover the  expenses  they will incur  during the next  twelve
months in a limited operations scenario or until they raise additional funding.

                                       7
<PAGE>
                               COASTAL MEDIA INC.
                         (An Development Stage Company)
                          Notes to Financial Statements
                                 March 31, 2008


NOTE 4. WARRANTS AND OPTIONS

There are no warrants or options outstanding to acquire any additional shares of
common stock.

NOTE 5. RELATED PARTY TRANSACTIONS

The Company neither owns nor leases any real or personal  property.  The Company
has been  paying a Jon Suk, a director,  $50 per month for use of his boat.  The
Company also paid Jan Aaron Sigurgeirson,  President,  $100 per month for use of
office space and services from  inception  until October 2006.  The officers and
directors of the Company may, in the future,  become  involved in other business
opportunities  as they become  available,  they may face a conflict in selecting
between the Company and their other business opportunities.  The Company has not
formulated a policy for the resolution of such conflicts.

NOTE 6. INCOME TAXES

                                                            As of March 31, 2008
                                                            --------------------
     Deferred tax assets:
       Net operating tax carryforwards                            $ 29,335
       Tax Rate                                                         34%
                                                                  --------
       Gross deferred tax assets                                     9,974
       Valuation allowance                                          (9,974)
                                                                  --------

     Net deferred tax assets                                      $      0
                                                                  ========

Realization of deferred tax assets is dependent upon  sufficient  future taxable
income during the period that deductible temporary differences and carryforwards
are expected to be available to reduce  taxable  income.  As the  achievement of
required  future taxable income is uncertain,  the Company  recorded a valuation
allowance.

NOTE 7. NET OPERATING LOSSES

As of March 31, 2008,  the Company has a net  operating  loss  carryforwards  of
approximately $29,335. Net operating loss carryforward expires twenty years from
the date the loss was incurred.

                                       8
<PAGE>
                               COASTAL MEDIA INC.
                         (An Development Stage Company)
                          Notes to Financial Statements
                                 March 31, 2008


NOTE 8. STOCK TRANSACTIONS

Transactions,  other than  employees'  stock  issuance,  are in accordance  with
paragraph  8 of  SFAS  123,  "Share-Based  Payment".  Thus  issuances  shall  be
accounted  for  based  on  the  fair  value  of  the   consideration   received.
Transactions  with  employees'  stock issuance are in accordance with paragraphs
(16-44) of SFAS 123.  These  issuances  shall be accounted for based on the fair
value of the consideration  received or the fair value of the equity instruments
issued, or whichever is more readily determinable.

On May 19, 2006 the Company  issued a total of 2,000,000  shares of common stock
to two  directors  for cash in the  amount  of  $0.005  per share for a total of
$10,000.

On February 9, 2007 the Company  completed  its SB-2 offering and issued a total
of 1,600,000 shares of common stock to twenty eight unrelated investors for cash
in the amount of $0.025 per share for a total of $40,000.

As of March 31, 2008 the Company had 3,600,000 shares of common stock issued and
outstanding.

NOTE 9. STOCKHOLDERS' EQUITY

The  stockholders'  equity section of the Company contains the following classes
of capital stock as of March 31, 2008:

Common stock, $ 0.001 par value: 75,000,000 shares authorized;  3,600,000 shares
issued and outstanding.

                                       9
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains forward-looking statements. Any
statements contained herein that are not statements of historical fact may be
deemed to be forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act. The words "believes," "anticipates," "plans," "seeks,"
"expects," "intends" and similar expressions identify some of the
forward-looking statements. Forward-looking statements are not guarantees of
performance or future results and involve risks, uncertainties and assumptions.
The factors discussed elsewhere in this Form 10-Q could also cause actual
results to differ materially from those indicated by the Company's
forward-looking statements. The Company undertakes no obligation to publicly
update or revise any forward-looking statements.

BUSINESS

Our principal products will be a cruising guides website and multimedia DVD for
pleasure boating. We plan to initially sell these DVDs in Canada and the U.S.
through our online internet store and retail outlets. The website will have a
public section as well as paid subscriber area containing information and media
not available on the public site. We will write, photograph, video and produce
DVDs geared to the cruising and recreational boating market to provide a
cruising guide to popular destinations beginning in the Northwest. We will
photograph and film from the water, key passages to destinations. A website will
be designed and programmed to sell the DVDs and complement the DVD's content
with additional resources.

LIQUIDITY AND CAPITAL RESOURCES

We expect that our current cash balance of $16,729 will allow us to complete the
next 6 months of our business plan without additional funds, at which time
revenues are expected to support continued operations. Our directors have
verbally agreed to loan the company funds to continue operations in a limited
scenario until sales will support operations. We currently have no plans to hire
additional employees in the next twelve months unless sales are sufficient to
cover the cost.

RESULTS OF OPERATIONS

We are still in our development stage and have no revenues to date.

We incurred operating expenses of $7,168 and $1,900 for the three month periods
ended March 31, 2008 and 2007, respectively. These expenses consisted of general
operating expenses incurred in connection with the day to day operation of our
business and compliance with filing requirements.

Cash provided by financing activities from inception was $50,000, resulting from
the sale of $10,000 of our common stock to our directors and $40,000 in an
initial public offering, which was completed on February 9, 2007, selling
1,600,000 shares at the offering price of $.025.

                                       10
<PAGE>
Our auditors have expressed their doubt about our ability to continue as a going
concern unless we are able to generate profitable operations.

OFF-BALANCE SHEET ARRANGEMENTS

We do not have any off-balance sheet arrangements that have or are reasonably
likely to have a current or future effect on our financial condition, changes in
financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that is material to investors.

ITEM 4. CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Under the supervision and with the participation of our management, including
our principal executive officer and the principal financial officer, we have
conducted an evaluation of the effectiveness of the design and operation of our
disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e)
under the Securities and Exchange Act of 1934, as of the end of the period
covered by this report. Based on this evaluation, our principal executive
officer and principal financial officer concluded as of the evaluation date that
our disclosure controls and procedures were effective such that the material
information required to be included in our Securities and Exchange Commission
reports is recorded, processed, summarized and reported within the time periods
specified in SEC rules and forms relating to our company, particularly during
the period when this report was being prepared.

Additionally, there were no significant changes in our internal controls or in
other factors that could significantly affect these controls subsequent to the
evaluation date. We have no identified any significant deficiencies or material
weaknesses in our internal controls, and therefore there were no corrective
actions taken.

                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Coastal Media, Inc. is not currently involved in any legal proceedings and we
are not aware of any pending or potential legal actions.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

There were no sales of unregistered securities during the period covered by this
report.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

There were no defaults upon senior securities during the period covered by this
report.

                                       11
<PAGE>
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

There were no matters submitted to a vote of security holders during the period
covered by this report.

ITEM 5. OTHER INFORMATION

There was no information required to be disclosed on Form 8-K during the period
covered by this report.

ITEM 6. EXHIBITS

The following exhibits are included with this quarterly filing. Those marked
with an asterisk and required to be filed hereunder, are incorporated by
reference and can be found in their entirety in our original Form SB-2
Registration Statement, filed under SEC File Number 333-135852, at the SEC
website at www.sec.gov:

     Exhibit No.                    Description
     -----------                    -----------

        3.1            Articles of Incorporation*
        3.2            Bylaws*
       31.1            Rule 13a-14(a)/15d-14(a) Certification
       31.2            Rule 13a-14(a)/15d-14(a) Certification
       32.1            Certification Pursuant to 18 U.S.C. 1350
       32.2            Certification Pursuant to 18 U.S.C. 1350


                                       12
<PAGE>
                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

May 12, 2008              Coastal Media Inc., Registrant


                          By: /s/ Jan Aaron Sigurgeirson
                              --------------------------------------------------
                              Jan Aaron Sigurgeirson, Director, President and
                              Chief Executive Officer


May 12, 2008              By: /s/ Jon Suk
                              --------------------------------------------------
                              Jon Suk, Director, Treasurer, Principal
                              Financial Officer and Principal 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.

May 12, 2008              Coastal Media Inc., Registrant


                          By: /s/ Jan Aaron Sigurgeirson
                              --------------------------------------------------
                              Jan Aaron Sigurgeirson, Director, President and
                              Chief Executive Officer


May 12, 2008              By: /s/ Jon Suk
                              --------------------------------------------------
                              Jon Suk, Director, Treasurer, Principal
                              Financial Officer and Principal Accounting Officer

                                       13