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



FORM 8-K


CURRENT REPORT


Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



Date of Report (Date of earliest event reported):     January 27, 2010




IMAGINE MEDIA, LTD.

(Exact Name of Registrant as Specified in its Charter)



       Delaware       

       005-84223       

    26-0731818    

(State or other jurisdiction
of incorporation)

Commission File
Number

(I.R.S. Employer Identification

number)



1155 Sherman Street, Suite 307

          Denver, CO  80203         
(Address of principal executive offices)                    (Zip Code)


Registrant's telephone number, including area code:   (720) 364-5994


______________________________________________________

(Former name or former address, if changed since last report)



___

Written communications pursuant to Rule 425 under the Securities Act

___

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

___

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

___

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act









ITEM 7.01

REGULATION FD DISCLOSURE


      On January 27, 2010, Imagine Media, Ltd. (the “Company”)  issued a press release announcing it has signed a non-binding Letter of Intent to acquire DMI Life Sciences, Inc., a Denver, Colorado based biotechnology company.  A copy of the press release is attached hereto as Exhibit 99.1

ITEM 9.01:       EXHIBITS


 

(c)

Exhibit

   
 

Item

Title

   
 

99.1

Press Release dated January 27, 2010.


   




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.


  

Imagine Media, Ltd.
(Registrant)

    
 

Dated: January 28, 2010

 

__/s/ Gregory A. Bloom_                 
Gregory A. Bloom, President




2