<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>y60935sc13d.txt
<DESCRIPTION>SCHEDULE 13D
<TEXT>
<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                  SCHEDULE 13D
                                 (RULE 13d-101)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
            TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
                                  RULE 13d-2(a)



                                 DAG Media Inc.
--------------------------------------------------------------------------------
                                (NAME OF ISSUER)

                                  Common Stock
--------------------------------------------------------------------------------
                         (TITLE OF CLASS OF SECURITIES)

                                    233729102
--------------------------------------------------------------------------------
                                 (CUSIP NUMBER)

                           Hummingbird Management, LLC
                    (f/k/a Morningside Value Investors, LLC)
                              153 East 53rd Street
                            New York, New York 10022

                  (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
                AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)

                               - with copies to -

                           Michael G. Tannenbaum, Esq.
                  Tannenbaum Helpern Syracuse & Hirschtritt LLP
                          900 Third Avenue, 13th Floor
                            New York, New York 10022

                                  May 13, 2002
--------------------------------------------------------------------------------
             (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)


         If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box. [ ]

         Note: Schedules filed in paper format shall include a signed original
and five copies of the Schedule, including all exhibits. See Rule 13d-7(b) for
other parties to whom copies are to be sent.


                         (Continued on following pages)



                               (Page 1 of 6 pages)
<PAGE>
CUSIP No. 233729102                   13D                      Page 2 of 6 Pages


--------------------------------------------------------------------------------
1.   NAMES OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

     Hummingbird Management, LLC (f/k/a Morningside Value Investors, LLC)
     IRS No. 13-4082842
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2.   CHECK THE APPROPRIATE BOX IF A GROUP*                            (a)    [ ]
                                                                      (b)    [ ]

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3.   SEC USE ONLY

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4.   SOURCES OF FUNDS

     OO
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5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
     2(d) OR 2(e)                                                            [ ]

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6.   CITIZENSHIP OR PLACE OF ORGANIZATION

     Delaware
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    NUMBER OF       7.    SOLE VOTING POWER          149,600
      SHARES
                    ------------------------------------------------------------
   BENEFICIALLY     8.    SHARED VOTING POWER        0
     OWNED BY
                    ------------------------------------------------------------
       EACH         9.    SOLE DISPOSITIVE POWER     149,600
    REPORTING
                    ------------------------------------------------------------
   PERSON WITH      10.   SHARED DISPOSITIVE POWER   0

--------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON        149,600

--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * [ ]

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13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11       5.11%

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14.  TYPE OF REPORTING PERSON*

     OO
--------------------------------------------------------------------------------
<PAGE>
CUSIP No. 233729102                   13D                      Page 3 of 6 Pages


ITEM 1 SECURITY AND ISSUER

         Title of Class of Securities

                  Common stock $.001 par value per share (the "Shares")

         Name and Address of Issuer

                  DAG Media, Inc. (the "Company" or the "Issuer")
                  125 Queens Boulevard
                  Kew Gardens, NY 11415

ITEM 2  IDENTITY AND BACKGROUND

         This statement is being filed by Hummingbird Management, LLC (f/k/a
Morningside Value Investors, LLC), a Delaware limited liability company
("Hummingbird"), whose principal business and principal office address is 153
East 53rd Street, New York, New York 10022. Hummingbird acts as investment
manager to The Hummingbird Value Fund, L.P. ("HVF") and to The Hummingbird
Microcap Value Fund, L.P. (the "Microcap Fund") and has the sole investment
discretion and voting authority with respect to the investments owned of record
by each of HVF and Microcap Fund and, accordingly, may be deemed for purposes of
Rule 13d-3 of the Securities and Exchange Act of 1934, as amended ("Rule
13d-3"), to be the beneficial owner of the Shares owned by HVF and Microcap
Fund. The managing member of Hummingbird is Paul Sonkin. Mr. Sonkin is also the
managing member of HVF Capital (f/k/a Morningside Capital, LLC) ("HVF Capital"),
the general partner of HVF and Microcap Fund.

         Both HVF and Microcap Fund are Delaware limited partnerships whose
principal business and principal office address is 153 East 53rd Street, New
York, New York 10022 and whose principal business is investing in securities in
order to achieve its investment objectives. Mr. Sonkin is a citizen of the
United States and HVF Capital is a Delaware limited liability company. The
principal business and principal office address of both Mr. Sonkin and HVF
Capital is 153 East 53rd Street, New York, New York 10022.

         During the past five years none of Hummingbird, HVF, Microcap Fund, Mr.
Sonkin or HVF Capital has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or has been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as
a result of which any of the foregoing was or is subject to a judgment, decree
or final order enjoining future violations of, or prohibiting or mandating
activities subject to, Federal or State securities laws, or finding any
violation with respect to such laws.
<PAGE>
ITEM 3  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

         As of May 15, 2002, Hummingbird has caused each of HVF and Microcap
Fund to invest approximately $148,382.00 and $70,464.00, respectively, in the
Shares of the Issuer using their respective working capital.

ITEM 4  PURPOSE OF TRANSACTION

         The Shares were acquired for investment purposes. However, Hummingbird
may hold talks or discussions with various parties, including, but not limited
to, the Issuer's management, its board of directors and other shareholders on a
variety of possible subjects regarding ways to increase shareholder value. Some
of the suggestions Hummingbird might make may affect control of the Issuer
and/or may relate to the following: the merger, acquisition or liquidation of
the Issuer, the sale or transfer of the assets of the Issuer, a change in the
board of directors or the management of the Issuer, a change in the present
capitalization or dividend policy of the Issuer or a change in the Issuer's
charter or by-laws. Hummingbird intends to pay close attention to developments
at and pertaining to the Issuer, and, subject to market conditions and other
factors deemed relevant by Hummingbird, Hummingbird may, directly or indirectly,
purchase additional Shares of the Issuer or dispose of some or such Shares in
open-market transaction or privately negotiated transactions.


ITEM 5  INTEREST IN SECURITIES OF THE ISSUER

         (a) - (b) As the holder of sole voting and investment authority over
the Shares owned by HVF and the Microcap Fund, Hummingbird may be deemed, for
purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, to
be the beneficial owner of the aggregate amount of 149,600 Shares representing
approximately 5.11% of the outstanding shares of the Issuer (based upon
2,927,460 shares outstanding as of May 9, 2002, as reported on the latest 10-QSB
of the Issuer). Hummingbird disclaims any economic interest or beneficial
ownership of the Shares covered by this Statement.

         Mr. Sonkin is the managing member and control person of Hummingbird,
and for purposes of Rule 13d-3 may be deemed the beneficial owner of such Shares
deemed to be beneficially owned by Hummingbird. Thus, Mr. Sonkin may be deemed,
for purposes of Rule 13d-3, to be the beneficial owner of 149,600 Shares of the
Issuer (5.11% of the outstanding shares) Issuer (based upon 2,927,460 shares
outstanding as of May 9, 2002, as reported on the latest 10-QSB of the Issuer).
Mr. Sonkin disclaims any economic interest or beneficial ownership of the
Shares.

         (c) Hummingbird caused HVF to effect transactions in the Shares during
the past 60 days as set forth below:

<TABLE>
<CAPTION>
                                              AMOUNT OF
   DATE              TYPE                      SHARES      PRICE/SHARE
   ----              ----                      ------      -----------
<S>          <C>                              <C>          <C>
 5/9/2002    open market purchase                   750        1.35
5/10/2002    open market purchase                24,650        1.39
5/13/2002    open market purchase                20,000        1.65
5/14/2002    open market purchase                 1,000        1.58
</TABLE>
<PAGE>
         Hummingbird caused the Microcap Fund to effect transactions in the
Shares during the past 60 days as set forth below:

<TABLE>
<CAPTION>
                                              AMOUNT OF
   DATE              TYPE                      SHARES      PRICE/SHARE
   ----              ----                      ------      -----------
<S>          <C>                              <C>          <C>
3/26/2002    open market purchase                 1,500        1.34
3/27/2002    open market purchase                 3,000        1.35
3/28/2002    open market purchase                 2,000        1.38
 4/8/2002    open market purchase                18,000        1.40
 5/9/2002    open market purchase                   750        1.35
5/10/2002    open market purchase                24,650        1.40
</TABLE>


         (d)      Inapplicable.

         (e)      Inapplicable.

ITEM 6 CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
       SECURITIES OF THE ISSUER


         Not applicable.

ITEM 7 MATERIAL TO BE FILED AS EXHIBITS

         Not applicable.
<PAGE>
                                    SIGNATURE

         After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


Dated:  May 17, 2002

HUMMINGBIRD MANAGEMENT, LLC

By: /s/ Paul D. Sonkin
   -----------------------------
Name: Paul D. Sonkin
Title: Managing Member



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