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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001005477-01-003939.txt : 20010711
<SEC-HEADER>0001005477-01-003939.hdr.sgml : 20010711
ACCESSION NUMBER:		0001005477-01-003939
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20010601
FILED AS OF DATE:		20010710

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DAG MEDIA INC
		CENTRAL INDEX KEY:			0001080340
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS PUBLISHING [2741]
		IRS NUMBER:				113474831
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		
		SEC FILE NUMBER:	000-25991
		FILM NUMBER:		1678254

	BUSINESS ADDRESS:	
		STREET 1:		125 QUEENS BLVD., SUITE 14
		CITY:			KEW GARDENS
		STATE:			NY
		ZIP:			11415

	MAIL ADDRESS:	
		STREET 1:		125 QUEENS BLVD., SUITE 14
		CITY:			KEW GARDENS
		STATE:			NY
		ZIP:			11415
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			RAN ASSAF
	CENTRAL INDEX KEY:			0001084777
	STANDARD INDUSTRIAL CLASSIFICATION:	 []
<RELATIONSHIP>OWNER

FILING VALUES:
	FORM TYPE:		4

BUSINESS ADDRESS:	
	STREET 1:		C/O DAG MEDIA INC
	STREET 2:		125-10 QUEENS BOULEVARD
	CITY:			KEN GARDENS
	STATE:			NY
	ZIP:			11415
	BUSINESS PHONE:		7182638454

MAIL ADDRESS:	
	STREET 1:		C/O DAG MEDIA INC
	STREET 2:		125-10 QUEENS BOULEVARD
	CITY:			KEN GARDENS
	STATE:			NY
	ZIP:			11415
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>FORM 4
<TEXT>


FORM 4                                                --------------------------
                                                             OMB APPROVAL
                                                      --------------------------
                                                      OMB Number  3235-0287
                                                      Expires: December 31, 2001
                                                      Estimated average
                                                      burden hours per
                                                      response..........0.5
                                                      --------------------------

                     U.S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                     FORM 4

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(f) of the Investment Company Act of 1940

|_|   Check this box if no longer subject to Section 16. Form 4 or Form 5
      obligations may continue. See Instruction 1(b).

================================================================================
1. Name and Address of Reporting Person*

   Ran                   Assaf
- --------------------------------------------------------------------------------
   (Last)               (First)                 (Middle)

   c/o DAG Media 125-10 Queens Blvd.
- --------------------------------------------------------------------------------
                                    (Street)

   Kew Gardens            NY                    11415
- --------------------------------------------------------------------------------
   (City)               (State)                 (Zip)

================================================================================
2. Issuer Name and Ticker or Trading Symbol

   DAG Media, Inc. "DAGM"
================================================================================
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)


================================================================================
4. Statement for Month/Year

   6/01
================================================================================
5. If Amendment, Date of Original (Month/Year)


================================================================================
6. Relationship of Reporting Person to Issuer
   (Check all applicable)

   |X|   Director                             |X|   10% Owner
   |X|   Officer (give title below)           |_|   Other (specify below)

================================================================================
7. Individual or Joint/Group Filing (Check Applicable Line)

   |X|  Form filed by one Reporting Person
   |_|  Form filed by more than one Reporting Person

================================================================================

* If the Form is filed by more than one Reporting Person, see Instruction
  4(b)(v).
<PAGE>

================================================================================
           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
                                                                                                    6.
                                                      4.                             5.             Owner-
                                                      Securities Acquired (A) or     Amount of      ship
                                         3.           Disposed of (D)                Securities     Form:     7.
                                         Transaction  (Instr. 3, 4 and 5)            Beneficially   Direct    Nature of
                           2.            Code         ----------------------------   Owned at End   (D) or    Indirect
1.                         Transaction   (Instr. 8)                   (A)            of Month       Indirect  Beneficial
Title of Security          Date          ------------     Amount      or     Price   (Instr. 3      (I)       Ownership
(Instr. 3)                 (mm/dd/yy)     Code     V                  (D)            and 4)         (Instr.4) (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                        <C>            <C>      <C>    <C>         <C>     <C>     <C>            <C>       <C>
- ------------------------------------------------------------------------------------------------------------------------------------
 Common Stock, par value
 $.001 per share           6/25/01        P               9000        A       $1.62   1,414,095      D
- ------------------------------------------------------------------------------------------------------------------------------------
 Common Stock, par value
 $.001 per share           6/25/01        P               1000        A       $1.65
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

====================================================================================================================================
</TABLE>

Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.                                             (Over)
                                                                 SEC 1474 (7-96)

- ----------------
(1) If the form is filed by more than one reporting person, see Instruction
    4(b)(v).

<PAGE>

FORM 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
            (e.g., puts, calls, warrants, options, convertible securities)

================================================================================
<TABLE>
<CAPTION>
                                                                                                           9.        10.
                                                                                                        Number    Owner-
                                                                                                        of        ship
                  2.                                                                                    Deriv-    Form of
                  Conver-                    5.                              7.                         ative     Deriv-   11.
                  sion                       Number of                       Title and Amount           Secur-    ative    Nature
                  of                         Derivative    6.                of Underlying     8.       ities     Secur-   of
                  Exer-             4.       Securities    Date              Securities        Price    Bene-     ity:     In-
                  cise     3.       Trans-   Acquired (A)  Exercisable and   (Instr. 3 and 4)  of       ficially  Direct   direct
                  Price    Trans-   action   or Disposed   Expiration Date   ----------------  Deriv-   Owned     (D) or   Bene-
1.                of       action   Code     of(D)         (Month/Day/Year)            Amount  ative    at End    In-      ficial
Title of          Deriv-   Date     (Instr.  (Instr. 3,    ----------------            or      Secur-   of        direct   Owner-
Derivative        ative    (Month/  8)       4 and 5)      Date     Expira-            Number  ity      Month     (I)      ship
Security          Secur-   Day/     ------   ------------  Exer-    tion               of      (Instr.  (Instr.   (Instr.  (Instr.
(Instr. 3)        ity      Year)    Code V    (A)   (D)    cisable  Date     Title     Shares  5)       4)        5)       5)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>               <C>      <C>      <C>  <C>  <C> <C>      <C>      <C>      <C>       <C>     <C>      <C>       <C>      <C>
                                                                             Common
Options for                                                                  Stock par
Common Stock                                                                 value
par value $.001   $1.52    6/22/01  A         23,334       6/22/02  6/22/06  $.001     23,334  0        0         D
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                             Common
Options for                                                                  Stock par
Common Stock                                                                 value
par value $.001   $1.52    6/22/01  A         23,333       6/22/03  6/22/06  $.001     23,333  0                  D
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                             Common
Options for                                                                  Stock par
Common Stock                                                                 value
par value $.001   $1.52    6/22/01  A         23,333       6/22/04  6/22/06  $.001     23,333  0                  D
- -----------------------------------------------------------------------------------------------------------------------------------

- -----------------------------------------------------------------------------------------------------------------------------------

- -----------------------------------------------------------------------------------------------------------------------------------

===================================================================================================================================
</TABLE>

Explanation of Responses:

** Intentional misstatements or omissions of facts constitute Federal Criminal
   Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed.
      If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Member


/s/ Assaf Ran                                              7/9/01
- ---------------------------------------------            ----------
** Signature of Reporting Person                            Date

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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