UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x	QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

	For the quarterly period ended June 30, 2011

o	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

	For the transition period from __________ to _________

Commission file number 0001254371

DEBUT BROADCASTING CORPORATION, INC.

(Exact name of registrant as specified in its charter)

Nevada		88-0417389
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

1011 Cherry Avenue, Nashville, TN	37203
(Address of principal executive offices)	(Zip Code)

(615) 301-0001

(Registrants telephone number, including area code)

Securities Registered Pursuant to Section 12(b) of the Act:

None

Securities Registered Pursuant to Section 12(g) of the Act:

Common Stock, par value $0.003 per share

(Former name, former address, and formal fiscal year if changed since last report)

None

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 o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, pr a smaller reporting company. See definition of “accelerated filer”, “large accelerated filer”, and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer o

Accelerated filer o

Non-accelerated filer o

Smaller Reporting Company x

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

As of June 30, 2011, there were 30,429,407 shares of common stock issued and outstanding.

TABLE OF CONTENTS

		Page
	PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements		3
Item 2.	Management’s Discussion and Analysis or Plan of Operation		18
Item 3.	Qualitative and Quantitative Disclosures About Market Risk.
	PART II - OTHER INFORMATION
Item 1.	Legal Proceedings		23
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		23
Item 3.	Defaults Upon Senior Securities
Item 4.	Submission of Matters to a Vote of Security Holders		23
Item 5.	Other Information
Item 6.	Exhibits		23

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

Our financial statements included in this Form 10-Q are as follows:

4	Condensed Consolidated Balance Sheets as of June 30, 2010 (unaudited) and December 31, 2009 (audited);
5	Consolidated Statements of Operations (unaudited) for the six months ended June 30 2010 and 2009;
6	Consolidated Statements of Cash Flows (unaudited) for the six months ended June 30, 2010 and 2009;

These financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the SEC instructions to Form 10-Q. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the interim period ended June 30, 2011 are not necessarily indicative of the results that can be expected for the fullyear. Balance sheet information as of December 31, 2010 was derived from the Company’s audited financial statements for the year ended December 31, 2010.

DEBUT BROADCASTING CORPORATION, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30, 2011			December 31, 2010
	(Unaudited)
ASSETS
Current assets
Cash and cash equivalents	$	37,149		$	45,388
Accounts receivable, net		297,951			720,608
Prepaid expenses		11,042			6,606
Unexercised stock warrants		1,004,658			1,004,658
Total current assets		1,350,800			1,777,260

Property and equipment, net		599,146			607,002
Deposits		9,638			9,273
Goodwill		459,280			459,280
FCC licenses		1,509,500			1,509,500
Other intangible assets, net		1,978,418			1,978,053

Total assets	$	3,928,364		$	4,362,315

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts payable	$	836,290		$	895,300
Accrued expenses and taxes		109,842			249,195
Notes payable to shareholders		1,045,421			1,081,888
Lines of credit		439,807			437,242
Current portion of long-term debt		5,152			13,639
Unrecognized stock warrant loss		1,035,523			1,035,523

Total current liabilities		3,472,035			3,712,787

Long term liabilities
Leases payable		-			-
Long-term debt		713,446			749,917
Total long term liabilities		713,446			749,917

Total liabilities		4,185,481			4,462,704

Stockholders' deficit
Common stock - $.003 par value, 100,000,000 shares authorized; 30,429,407 and 27,179,407 shares outstanding at June 30, 2011 and December 31, 2010 respectively		92,038			81,538
Additional paid in capital		3,492,871			3,496,871
Accumulated deficit		(3,842,026	)		(3,678,798	)
Total stockholders' deficit		(257,117	)		(100,389	)

Total liabilities and stockholders' deficit	$	3,928,364		$	4,362,315

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

DEBUT BROADCASTING CORPORATION, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	Three Months Ended Jun 30						Six Months Ended Jun 30
	2011			2010			2011			2010

Net Revenue	$	447,202		$	533,490		$	694,039		$	939,803

Operating Expenses:
Advertising					700			5,300			14,740
Operating expense		308,411			360,779			734,063			993,118
Depreciation expense		14,773			26,252			51,848			41,283
					26,252
Total operating expenses		323,184			387,731			791,211			1,049,141

Operating income (loss)		124,018			145,748			(97,172	)		(109,338	)

Other income and expense:
Interest expense		31,154			60,101			65,815			92,620
Income tax		-			1,300			-			1,300
Interest income		(946	)		(686	)		(4,259	)		(4,186	)

Total other (income) and expenses		30,208			60,715			61,556			89,734

Net income (loss)	$	93,810		$	85,033		$	(158,728	)	$	(199,072	)


Weighted Average Shares Outstanding		30,429,407.00			27,179,407.00			30,429,407.00			27,023,146.50

Net (Income) Loss Per Share	$	0.003		$	0.003		$	(0.005	)	$	(0.007	)

The accompany notes ae an integral part of these financial statements.

DEBUT BROADCASTING CORPORATION, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Six aMonths Ended 30-Jun
	2011			2010
Operating activities:

Net income (loss)	$	(158,728	)	$	(199,071	)
Adjustments to reconcile net loss to net cash provided by /(used in) operating activities:

Depreciation and amortization		51,848			41,283
Changes in operating assets and liabilities, net of effects of acquisitions:

(Increase) decrease in accounts receivable		427,658			(381,205	)
(Increase) decrease in other current assets		(9,800	)		10,487
Increase (decrease) in accounts payable		(59,011	)		(64,247	)
Increase (decrease) in accrued expenses and taxes		(145,275	)		583,243

Net cash provided by/(used in) operating activities		106,692			(9,510	)

Investing activities:
Purchases of property and equipment		(43,994	)		(34,798	)

Net cash used in investing activities		(43,994	)		(34,798	)

Financing activities:

Proceeds from bank credit facility		-			109,887
Proceeds from issuance of common stock		2,000			375,000
Repayment of long term debt		(72,937	)		(442,205	)

Net cash provided by/(used in) financing activities		(70,937	)		42,682

Net increase/(decrease) in cash and cash equivalents		(8,239	)		(1,626	)

Cash and cash equivalents at beginning of period		45,388			62,471

Cash and cash equivalents at end of period	$	37,149		$	60,685

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

DEBUT BROADCASTING CORPORATION, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2011

Note 1 - Organization

Debut Broadcasting Corporation, Inc. (the “Company”) is located in Nashville, Tennessee and conducts business from its principal executive office at 1011 Cherry Avenue, Nashville, Tennessee 37203. The Company relocated to the current office location on May 1, 2010. The Company produces and distributes syndicated radio programs to radio stations across the United States and Canada. In addition, the Company owns and operates seven radio stations in Mississippi.

The Company maintains radio syndication in Nashville and produces and distributes 14 radio programs, which are broadcast over approximately 1,400 radio station affiliates. These radio programs have an estimated 40 million U.S. listeners per week. In addition to its syndication services, the Company owns and operates a multi-media studio with audio, video and on-line content production capabilities. This facility is located in Nashville, Tennessee. The Company also provides marketing, consulting and media buying (advertising) for its radio broadcast station customers in the United States.

The Company has partnered in development of a Media Management Software Suite to service the advertising and syndication industry. Sales of this software product is in the final stages of development and will be distributed and sold. The Company currently has over 800 radio station affiliates that are utilizing he Media Management Suite.

Note 2 - Basis of Presentation and Interim Results

The condensed consolidated financial statements include the accounts of the Company, and its subsidiaries. The interim financial statements of the Company have been prepared without audit.

Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. We believe that the disclosures are adequate to make the financial information presented not misleading. These condensed financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto for the year ended December 31, 2009. All adjustments were of a normal recurring nature unless otherwise disclosed. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. The results of operations for such interim periods are not necessarily indicative of the results for the full year.

Accounts Receivable

We use the allowance method for determining the collectability of our accounts receivable. The allowance method recognizes bad debt expense following a review of the individual accounts outstanding in light of the surrounding facts. Accounts receivable are reported at their outstanding unpaid principal balances reduced by an allowance for doubtful accounts based on historical bad debts, factors related to specific customers’ ability to pay and economic trends. We write off accounts receivable against the allowance when a balance is determined to be uncollectible. Accounts receivable on the consolidated balance sheet is stated net of our allowance for doubtful accounts.

Revenue and Cost Recognition

The Company recognizes its advertising and programming revenues for syndicated programming when the Company’s radio shows air on its contracted radio station affiliates. Generally, the Company is paid by a national advertising agency, which sells the commercial time provided by the affiliate.

As the Company earns its revenue from the national advertising agency, it also recognizes any amounts due to the individual shows, which are based on the audience level generated by the specific program. Expenses are accrued at the time the shows are run.

DEBUT BROADCASTING CORPORATION, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2011

Consulting projects are generally negotiated at a fixed price per project; however, if the Company utilizes its advertising capacity as part of the consulting project, it will charge the consulting client in the same manner as the affiliated stations described more fully above. Consulting fee income is recognized as time is incurred under the terms of the contract

Note 2 - Basis of Presentation and Interim Results (continued)

The Company recognizes its advertising and programming revenues for its owned and operated radio broadcast stations when the advertising airs. Generally, the Company is paid by the local advertiser for advertising coordinated and contracted through a local employee sales representative or sales manager.

Advertising

The Company expenses advertising costs as they are incurred. Total advertising costs of $-0-and $700 are included in the financial statements for the three months ended June 30, 2011 and June 30, 2010, respectively. Total advertising costs of 5,300 and $14,740 are including in the financial statements for the six months ended June 30, 2011 and June 30, 2010, respectively.

Financing

We will require additional capital to execute on our plan to grow through the acquisition of radio stations and radio station clusters. We do not presently have sufficient capital to make additional acquisitions. We intend to raise additional capital over the next twelve months through additional equity offerings.

Although we are and will be unable to predict the precise terms of any financing until the time that such financing is actually obtained, it is likely that any such financing will fit within the following parameters:

•

None of the indebtedness to which the Properties would be subject will be recourse to the shareholders, although some or all of the indebtedness may be recourse to us. However, each obligation will be secured by a first lien and/or second lien security interest in the financed Property. It is probable that all of our Properties will be subject to substantial security interests.

•

We expect any indebtedness will be first repaid with the operating revenues of the Properties. Operating revenues will first be applied to the payment of interest, principal amortization (if any), and principal on primary indebtedness. Next, operating revenues will be applied to interest on and principal of any subordinate financing.

•

Each of these financing arrangements may be subject to acceleration in the event of default, including non-payment, insolvency, or the sale of a Property. Upon an acceleration, if we are unable to effect an immediate refinancing, we may lose one or more of our Properties by foreclosure.

While financing may initially be available only on a radio station by radio station basis, we may eventually seek to refinance all of our Properties in one non-recourse loan which will, in all likelihood, be secured by all of our Properties.

DEBUT BROADCASTING CORPORATION, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2011

Note 2 - Basis of Presentation and Interim Results (continued)

In connection with acquisitions, dispositions and financing, we will incur appropriate accounting and legal fees.

Governmental Regulation of Radio Broadcasting

The following is a brief summary of certain provisions of the Communications Act, the Telecom Act, and related FCC rules and policies (collectively, the "Communications Laws"). This description does not purport to be comprehensive, and reference should be made to the Communications Laws, public notices, and decisions issued by the FCC for further information concerning the nature and extent of federal regulation of radio broadcast stations. Failure to observe the provisions of the Communications Laws can result in the imposition of various sanctions, including monetary forfeitures and the grant of a "short-term" (less than the maximum term) license renewal. For particularly egregious violations, the FCC may deny a station's license renewal application, revoke a station's license, or deny applications in which an applicant seeks to acquire additional broadcast properties.

License Grant and Renewal. Radio broadcast licenses are granted and renewed for maximum terms of eight years. Licenses are renewed by filing an application with the FCC. Petitions to deny license renewal applications may be filed by interested parties, including members of the public.

Service Areas. The area served by AM stations is determined by a combination of frequency, transmitter power, antenna orientation, and soil conductivity. To determine the effective service area of an AM station, the station’s power, operating frequency, antenna patterns and its day/night operating modes are required. The area served by an FM station is determined by a combination of transmitter power and antenna height, with stations divided into classes according to these technical parameters.

Class C FM stations operate with the equivalent of 100 kilowatts of effective radiated power (“ERP”) at an antenna height of up to 1,968 feet above average terrain. They are the most powerful FM stations, providing service to a large area, typically covering one or more counties within a state. Class B FM stations operate with the equivalent of 50 kilowatts ERP at an antenna height of up to 492 feet above average terrain. Class B FM stations typically serve large metropolitan areas as well as their associated suburbs. Class A FM stations operate with the equivalent of 6 kilowatts ERP at an antenna height of up to 328 feet above average terrain, and generally serve smaller cities and towns or suburbs of larger cities.

The minimum and maximum facilities requirements for an FM station are determined by its class. FM class designations depend upon the geographic zone in which the transmitter of the FM station is located. In general, commercial FM stations are classified as follows, in order of increasing power and antenna height: Class A, B1, C3, B, C2, C1, C0, and C.

The following table sets forth the market, call letters, FCC license classification, antenna elevation above average terrain (for FM stations only), power and frequency of all of our owned and operated stations as of June 30, 2010

DEBUT BROADCASTING CORPORATION, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2011

Note 2 - Basis of Presentation and Interim Results (continued)

Market

Stations

City of
License

Frequency

Expiration
Date of
License

FCC
Class

Height
Above
Average
Terrain
(in feet)

Power
(in Watts)

G Mississippi

WNLA FM

Indianola, MS

105.5

June 1, 2012

190

4400

WBAQ FM

Greenville, MS

97.9

June 1, 2012

502

48000

WIQQ FM

Leland, MS

102.3

June 1, 2012

446

1650

WNLA AM

Indianola, MS

1380

June 1, 2012

500

WNIX AM

Greenville, MS

1330

June 1, 2012

1000

WBBV FM

Vicksburg, MS

101.1

June 1, 2012

394

13000

KLSM FM

Tallulah, LA

104.9

June 1, 2012

299

3000

Compliance with Environmental Laws

We have not incurred and do not anticipate incurring any expenses associated with environmental laws.

Note 3 – New Accounting Pronouncements

The company makes all reasonable efforts to comply with new accounting pronouncements, and believes to be in compliance with all current pronouncements as of June 30, 2011.

Note 4 - Loss Per Share

We present basic loss per share on the face of the condensed consolidated balance sheets. As provided Accounting Standards Codification (ASC) 260-10, Earnings per Share. ASC 260-10 Earnings Per Share, basic loss per share is calculated as income available to common stockholders divided by the weighted average number of shares outstanding during the period.

On January 2, 2008, the Company awarded options to purchase 342,055 shares of its common stock to employees and valued contractors. These options were awarded at a strike price of $0.86 per share and vest ratably over five years. The options will be accounted for utilizing the Black-Scholes method of valuation.

On January 21, 2008, the Company issued to Remington Partners, Inc. a warrant to purchase 62,500 shares of Company common stock at an exercise price of $1.00 per share, with an expiration date three years after the date of issuance.

On February 26, 2008, the Company issued to Remington Partners, Inc. a warrant to purchase 125,000 shares of Company common stock at an exercise price of $1.00 per share, with an expiration date three years after the date of issuance.

On March 16, 2008, the Company issued to Holladay Broadcasting of Louisiana, LLC a warrant to purchase 200,000 shares of Company common stock at an exercise price of $1.00 per share, with an expiration date 10 years after the date of issuance.

DEBUT BROADCASTING CORPORATION, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2011

Note 4 - Loss Per Share (continued)

On June 18, 2008 the Company issued to Wolcott Squared a warrant to purchase 18,408 shares of our common stock at an exercise price of $0.3925 per share, with an expiration date of December 17, 2017. The consideration received for this warrant was services rendered in December of 2007 valued at $7,225.

On June 18, 2008, the Company issued to Wolcott Squared a warrant to purchase 22,279 shares of our common stock at an exercise price of $0.51 per share with an expiration date of January 31, 2018. The consideration received for this warrant was services rendered in January of 2008 valued at $11,362.

On June 18, 2008, the Company issued to Wolcott Squared a warrant to purchase 5,686 shares of our common stock at an exercise price of $0.51 per share with an expiration date of February 29, 2018. The consideration received for this warrant was services rendered in February of 2008 valued at $2,899.

On June 30, 2008, the Company issued to Politis Communications a warrant to purchase 10,254 shares of our common stock at an exercise price of $0.01 per share, with an expiration date of June 29, 2018. The consideration received for this warrant was services rendered by Politis Communications.

On September 22, 2008, the Company issued to Stephen Ross, a third party, a warrant to purchase 18,000 shares of Company common stock at an exercise price of $0.50 per share, with an expiration date of January 31, 2011. The consideration we received for this warrant was legal services rendered by Stephen Ross, Esq,

On September 22, 2008, the Company issued to Stephen Ross, a third party, a warrant to purchase 27,000 shares of Company common stock at an exercise price of $0.50 per share, with an expiration date of September 30, 2011. The consideration we received for this warrant was legal services rendered by Stephen Ross, Esq,

On September 30, 2008, the Company issued to Politis Communications a warrant to purchase 5,495 shares of Company common stock at an exercise price of $0.01 per share, with an expiration date of September 29, 2018. The consideration received for this warrant was public relations services rendered by Politis Communications.

On December 31, 2008, the Company issued to Stephen Ross, a third party, a warrant to purchase 27,000 shares of Company common stock at an exercise price of $0.50 per share, with an expiration date of December 31, 2011. The consideration we received for this warrant was legal services rendered by Stephen Ross, Esq.

On December 31, 2008, the Company issued to Politis Communications a warrant to purchase 5,495 shares of Company common stock at an exercise price of $0.01 per share, with an expiration date December 31, 2018. The consideration received for this warrant was public relations services rendered by Politis Communications.

On April 1, 2009, the Company issued to Stephen Ross, a third party, a warrant to purchase 27,000 shares of Company common stock at an exercise price of $0.50 per share, with an expiration date of April 1, 2012. The consideration we received for this warrant was legal services rendered by Stephen Ross, Esq.

On June 30, 2009, the Company issued to Stephen Ross, a third party, a warrant to purchase 27,000 shares of Company common stock at an exercise price of $0.50 per share, with an expiration date of June 30, 2012. The consideration we received for this warrant was legal services rendered by Stephen Ross, Esq.

On September 30, 2009, the Company issued to Stephen Ross, a third party, a warrant to purchase 27,000 shares of Company common stock at an exercise price of $0.50 per share, with an expiration date of April 1, 2012. The consideration we received for this warrant was legal services rendered by Stephen Ross, Esq.

DEBUT BROADCASTING CORPORATION, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2011

Note 4 - Loss Per Share (continued)

On December 31, 2009, the Company issued to Stephen Ross, a third party, a warrant to purchase 27,000 shares of Company common stock at an exercise price of $0.50 per share, with an expiration date of June 30, 2012. The consideration we received for this warrant was legal services rendered by Stephen Ross, Esq.

On September 21, 2009, the Company issued to Riverfalls Financial Partners, LLC, an option to purchase 30,000,000 shares of Company common stock at an exercise price of $0.05 per share, with an expiration date of July 31, 2011. This option was excluded from valuation as the volatility associated with the stock price and the percentage of ownership this option represents prevented an accurate valuation. Should Riverfalls Financial Partners, LLC execute this option their ownership would represent a 60% controlling interest in the company for an investment of $1,500,00.

The Company revalues all warrants quarterly utilizing the Black-Scholes method.

All of these warrants were issued in reliance upon the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), as set forth in Section 4(2) under the Securities Act and Rule 506 of Regulation D promulgated thereunder relating to sales by an issuer not involving any public offering, to the extent an exemption from such registration was required.

On December 5, 2008, Politis Communications exercised a warrant to purchase 8,500 shares of Company common stock at $0.01 per share. The shares were authorized by Politis Communications as compensatory gifts to a number of employees of Politis Communications. No underwriters were involved in this warrant exercise. The underlying shares are restricted and carry piggy-back registration rights.

On December 5, 2008, The Company issued a stock certificate to Mohammed Rahman for 22,026 shares of our common stock at $0.07 per share. We issued the shares of common stock to Mohammed Rahman in exchange for services rendered. No underwriters were involved in this sale of securities. Outside of the existing vendor client relationship the investor has no prior relationship to the company. The underlying shares are restricted and carry piggy-back registration rights.

On December 3, 2008, The Company issued a stock certificate to an officer for 42,000 shares of our common stock at $0.07 per share. We issued the shares of common stock to the officer as a compensatory bonus for services rendered in the role of Chief Financial Officer. The underlying shares are restricted and carry piggy-back registration rights.

On December 31, 2009, we issued a stock certificate to an officer for 500,000 shares of common stock at $0.003 per share. We issued the shares of common stock to the officer as consideration for his personal guaranties of company debt according to the terms of his executive employment agreement dated May 7, 2009. The underlying shares are restricted and carry piggy-back registration rights.

On December 31, 2009, we issued a stock certificate to an officer for 500,000 shares of common stock at $0.003 per share. We issued the shares of common stock to the officer as consideration for her personal guaranties of company debt according to the terms of her executive employment agreement dated May 7, 2009. The underlying shares are restricted and carry piggy-back registration rights.

DEBUT BROADCASTING CORPORATION, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2011

Note 4 - Loss Per Share (continued)

On January 7, 2010, we issued stock certificates to various members of Remington Partners for 3,750,000 shares of common stock of the company at $0.10 per share as conversion of $375,000 of long term debt of the company.

On March, 31, 2010 we issued a stock certificate to an officer for 250,000 shares of common stock at $0.003 per share. We issued the shares of common stock to the officer as consideration for his personal guaranties of company debt according to the terms of his executive employment agreement dated May 7, 2009. The underlying shares are restricted and carry piggy-back registration rights.

On March 31, 2010, we issued a stock certificate to an officer for 250,000 shares of common stock at $0.003 per share. We issued the shares of common stock to the officer as consideration for her personal guaranties of company

debt according to the terms of her executive employment agreement dated May 7, 2009. The underlying shares are restricted and carry piggy-back registration rights.

On March 31, 2010, we issued a stock certificate to an officer for 62,500 shares of common stock at $0.003 per share. We issued the shares of common stock to the officer as consideration for his personal guaranties of company debt according to the terms of his executive employment agreement dated May 7, 2009. The underlying shares are restricted and carry piggy-back registration rights.

On March 31, 2010, we issued a stock certificate to an officer for 62,500 shares of common stock at $0.003 per share. We issued the shares of common stock to the officer as compensation for his services as Chief Executive Officer. The underlying shares are restricted and carry piggy-back registration rights.

On June 30, 2010 we issued a stock certificate to an officer for 250,000 shares of common stock at $0.003 per share. We issued the shares of common stock to the officer as consideration for his personal guaranties of company debt according to the terms of his executive employment agreement dated May 7, 2009. The underlying shares are restricted and carry piggy-back registration rights.

On June 30, 2010, we issued a stock certificate to an officer for 250,000 shares of common stock at $0.003 per share. We issued the shares of common stock to the officer as consideration for her personal guaranties of company debt according to the terms of her executive employment agreement dated May 7, 2009. The underlying shares are restricted and carry piggy-back registration rights.

On September 30, 2010 we issued a stock certificate to an officer for 250,000 shares of common stock at $0.003 per share. We issued the shares of common stock to the officer as consideration for his personal guaranties of company debt according to the terms of his executive employment agreement dated May 7, 2009. The underlying shares are restricted and carry piggy-back registration rights.

On September 30, 2010, we issued a stock certificate to an officer for 250,000 shares of common stock at $0.003 per share. We issued the shares of common stock to the officer as consideration for her personal guaranties of company debt according to the terms of her executive employment agreement dated May 7, 2009. The underlying shares are restricted and carry piggy-back registration rights.

On September 30, 2010, we issued a stock certificate to an officer for 250,000 shares of common stock at $0.003 per share. We issued the shares of common stock to the officer as compensation for his services as Chief Executive Officer. The underlying shares are restricted and carry piggy-back registration rights

DEBUT BROADCASTING CORPORATION, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2011

Note 4 - Loss Per Share (continued)

The Company issued the above-described shares of our common stock in reliance upon the exemption from the registration requirements of the Securities Act of 1933, as amended, as set forth in Section 4(2) under the Securities Act and Rule 506 of Regulation D promulgated thereunder relating to sales by an issuer not involving any public offering, to the extent an exemption from such registration was required. The purchasers represented to us that they

were accredited investors as defined in Rule 501(a) of the Securities Act and that the securities issued pursuant thereto were being acquired for investment purposes. The sales of these securities were made without general solicitation or advertising.

Note 5 - Property and equipment

	Estimated Useful Life	March 31, 2011			December 31, 2010
Land		$	49,500		$	49,500
Buildings and building improvements	5 – 10 years		155,689			155,689
Towers and studio equipment	5 - 30 years		441,540			441,540
Furniture, fixtures and equipment	3 – 7 years		401,279			351,309
Automotive	3 - 5 years		125,567			153,383

Accumulated depreciation			(574,429	)		(544,619	)
Property and equipment, net		$	599,146		$	606,802

Of the $599,146 in Net Property and Equipment as of June 30, 2011, $24,600 was added from website software development. A reduction of $19,303 in Automotive was taken due to the sale of a 2009 Kia Optima.

Note 6 - Lines of Credit

On December 18, 2009, the Company signed a promissory note with Crestmark Bank for $400,000. The loan is secured by all inventory, chattel paper, accounts, equipment and general intangibles of the Company. The loan would have matured on August 30, 2011 and was payable in variable monthly installments at a rate of prime plus 2.75% for the applicable index period. The Company paid the balance if full at the end of January 2011 and closed the line of credit with Crestmark. The balance of the line of credit at June 30, 2011 and 2010 was $0 and $285,152 respectively

The note was secured by personal guarantee of certain officers of the Company and all inventory, chattel paper, accounts, equipment and general intangibles existing or purchased by the wholly-owned subsidiary entity, The Marketing Group, after the signing of the related agreement.

Note 7 - Notes Payable to Stockholders

Debut Broadcasting Stockholder Notes

On January 21, 2008 the Company entered into a loan agreement with Remington Capital Partners for $250,000. This loan agreement included warrant coverage for 62,500 shares of common stock, a $2,000 loan origination fee

and interest of 18% per annum due monthly. The promissory note plus any accrued interest was payable on July 31, 2009.

DEBUT BROADCASTING CORPORATION, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2011

Note 7 - Notes Payable to Stockholders (continued)

On February 26, 2008 the Company entered into a loan agreement with Remington Capital Partners for $500,000. This loan agreement included warrant coverage for 125,000 shares of common stock, a $2,000 loan origination fee

and interest of 18% per annum due monthly. The promissory note plus any accrued interest was payable on July 31, 2009.

On January 7, 2010 the company converted $375,000 of the outstanding balance of the Remington Capital Partners loan to shares of common stock of the company. The remaining $375,000 balance is to be paid interest only at a rate of 12% per year through 2010, at which time it will automatically convert to a term loan.

Total interest expense associated with the shareholder loans for the three months ended June 30, 2011 and 2010 was $11,250 and $11,250 respectively. Accrued interest due to shareholders was $11,250 and $0 as of June 30, 2011 and 2010, respectively.

Note 8 - Loans Payable

SunTrust Bank Loan

On August 28, 2009, the company converted an existing line of credit with SunTrust Bank into a new term loan. The note requires monthly interest payment accruing at an initial rate of 6.0% and a current rate of 6.0% at March 31, 2011. The rate is subject to monthly changes based on an independent index plus 1.00%, and matures on August 28, 2011. The note is secured by personal guarantee of certain officers of the Company and all inventory, chattel paper, accounts, equipment and general intangibles existing or purchased by the wholly-owned subsidiary entity, Debut Broadcasting Mississippi, after the signing of the related agreement. The principal balance at June 30, 2011 and 2010 was $434,482 and $444,119 respectively.

Riverfalls Financial Services LLC

On September 21, 2009, the Company signed an unsecured convertible promissory note with Riverfalls Financial for $1,500,000. The loan matured on July 31, 2010 and requires interest to be paid on maturity at a rate of 12%. On September 15, 2010 the Note was modified. River Falls Financial Services issued a Promissory note to Diversified Support Systems, Inc., an Ohio Corporation for the benefit of River Falls Financial Services for the 50% of the balance of the matured River Falls Financial Services note, with an interest rate of 3% per annum. In conjunction with this Promissory note, River Falls Financial Services, Debut Broadcasting Corporation and Diversified Support Systems negotiated a participation agreement whereby the parties agree to share in the loan to Debut Broadcasting Corporation with a 50% participation percentage.

As of June 30, 2011 Riverfalls and Diversified had notified the company that they wish to utilize their option to convert the outstanding balance of the loan to common stock of the company. The balance of the loan to be converted is $689,647. The balance of the loan at June 30, 2010 was $600,000. The Riverfalls Financial loan additionally guarantied options to purchase 30,000,000 shares of common stock of the company on or before July 31, 2011 at a strike price of $0.05 per share; however, the option expired without being exercised.

DEBUT BROADCASTING CORPORATION, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2011

Note 8 - Loans Payable (continued)

Vehicle Loans

In September 25, 2007, the Company signed a retail installment sale contract with GMAC for the purchase of two vehicles for $47,498 with an effective interest rate of 5.0%. The corresponding promissory note is to be paid over a three-year period with a monthly payment of $1,424. The purchased vehicles will be used in conjunction with the radio broadcast operations.

On May 1, 2008, the Company signed a retail installment sale contract with Daimler Chrysler Financial Services for the purchase of a vehicle for $23,137 with an effective interest rate of 7.49%. The corresponding promissory note is

to be paid over a five-year period with a monthly payment of $463. The purchased vehicle is used in conjunction with the radio broadcast operations.

On May 15, 2008, the Company signed a retail installment sale contract with Daimler Chrysler Financial Services for the purchase of a vehicle for $19,303 with an effective interest rate of 11.25%. The corresponding promissory note is to be paid over a five-year period with a monthly payment of $367. The purchased vehicle is used in conjunction with the radio broadcast operations. In January 2011, this vehicle was sold to a third party for the sum of $8,000. The remaining balance due on the note was paid in full and the security interest held by Daimler Chrysler Financial in the vehicle was released.

Total interest expense on the vehicle loans for the quarter ended June 30, 2011 and 2010 was $493 and $1,313, respectively. Total interest expense on the vehicle loans for the six months ended June 30, 2011 and 2010 was $1,174 and $2,567, respectively. The principal balance of the vehicle loans as of June 30, 2011 and 2010 was $22,686 and $51,978 respectively. At June 30, 2011 $6,826 was classified as the current portion of the loans.

Capital Lease

On December 5, 2007, the Company entered into a capital lease arrangement with National City Media Finance to acquire studio equipment for $15,009 with a fixed interest rate of 7.5%. The lease term is for three years with monthly payments of $464 with a $1 buyout option at the end of the lease term.

Total interest expense on studio equipment for the quarters ended June 30, 2011 and 2010 was $0 and $68, respectively. Total interest expense on studio equipment for the six months ended June 30, 2011 and 2010 was $0 and $161, respectively. The principal balance of the capital lease as of June 30, 2011 and 2010 was $0 and $3,185, respectively. At June 30, 2011, $0 was classified as the current portion of the lease.

Note 9 - Stockholders’ Equity

In connection with the reverse merger on May 17, 2007, all shares of common stock of Debut Broadcasting (as hereinafter defined) outstanding prior to the merger were exchanged for 10,000,000 shares of Company common stock (See Note 10. Business Combinations).

In addition, in connection with the reverse merger, the Company completed a private placement of 6,000,000 shares of Company common stock at $0.50 per share. The transaction was recorded net of financing costs of $23,502.

DEBUT BROADCASTING CORPORATION, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2011

Note 9 - Stockholders’ Equity (continued)

Finally, in connection with the reverse merger, the Company converted notes payable to stockholders in the amount of $215,158 into 430,316 shares of Company common stock at $0.50 per share.

The pre-merger stockholders of the Company maintained 364,044 shares of Company common stock.

On May 21, 2007, $100,000 of convertible debentures issued on May 15, 2007 were converted into 3,000,000 shares of Company common stock.

On January 7, 2010, $375,000 of long term debt of the company was converted into 3,750,000 shares of Company common stock.

Note 10 - Business Combinations

The company has entered into an asset purchase agreement with Delta Radio, LLC for the divestiture of the five owned and operated radio stations in the Mississippi Delta. This transaction is under review with the Federal Communications Commission, and is expected to be complete in the third quarter of 2011.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements

Certain statements contained in this report may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements may be identified by reference to a future-period(s) or by the use of forward-looking terminology, such as “anticipate,” “believe,” “estimate,” “expect,” “foresee,” “may,” “might,” “will,” “intend,” “could,” “would,” or “plan” or future or conditional verb tenses, and variations or negatives of such terms.

These forward-looking statements include, without limitation, the basis of presentation of our financial statements, charges to consulting clients, the impact of recent accounting pronouncements, the impact of radio station acquisitions, radio advertising growth, pending acquisitions, the future use of Black-Scholes method of valuation, market trends, our need for additional capital, our ability to raise capital through debt and equity financing, the terms of any financing the we may obtain, the incurrence of accounting and legal fees in connection with acquisitions and the effectiveness of our disclosure controls and procedures.

We caution you not to place undue reliance on the forward-looking statements contained in this report, in that actual results could differ materially from those indicated in such forward-looking statements as a result of a variety of factors. These factors include, but are not limited to, our ability to provide and market competitive service and products, our ability to diversify revenue, our ability to attract, train and retain qualified personnel, our ability to operate and integrate new technology, changes in consumer preference, changes in our operating or expansion strategy, changes in economic conditions, fluctuation in prevailing interest rates, our ability to identify and effectively integrate potential acquisitions, FCC and government approval of potential acquisition, our inability to renew one or more of our broadcast licenses, our ability to manage growth and effectively serve an expanding customer and market base, geographic concentrations of our assets and susceptibility to economic downturns in that area, availability of and costs associated with maintaining and/or obtaining adequate and timely sources of capital and liquidity, our ability to compete with other companies that produce and distribute syndicated radio programs and/or own radio stations, shifts in populations and other demographics, changes in governmental regulations, laws and regulations as the affect companies that produce and distribute syndicated radio programs and/or own radio stations, industry conditions, the popularity of radio as a broadcasting and advertising medium, cancellation, disruption or postponements of advertising schedules in response to national or world events, possible adverse ruling, judgments, settlements, and other outcomes of pending or threatened litigation, other factors generally understood to affect the financial condition or results of companies that produce and distribute syndicated radio programs and/or own radio stations and other factors detailed from time to time in our press releases and filings with the Securities and Exchange Commission. We undertake no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this report.

Overview

A PWC report on the current outlook for entertainment and media growth indicated that spending is projected to reach $555 billion in the US by 2015, a 4.6% compound annual growth rate. The largest growth rate within that sector is digital. PWC further reports that the next five years will present a transition into the golden age of the empowered consumer, and the demand for digital experiences will continue to increase and becoming the norm. Advertisers are responding by seeking ever-greater involvement with the consumer’s media and entertainment experience.

Management has responded to this by redirecting the focus from ownership of brick and mortar radio stations to a strong drive towards collaborative digital enterprise in the media industry. The company is poising itself to be a dominant service provider to syndicators, advertising representative firms, advertisers, and agencies. Simultaneously growth in syndicated products and collaboration with other syndication providers are key elements in management’s strategy for growth and diversification.

Results of Operations

For the Three Months Ended June 30, 2011 and 2010

We generated $447,202 in net revenue for the quarter ended June 30, 2011, a decrease of $86,288 or 19.3%, compared to $533,490 for the quarter ended June 30, 2010. The company believes that this decrease is primarily due to the damages incurred, more fully referenced by the pending litigation against Radio Nectar, LLC, Nectar Media, and Marcus Rowe. In addition to the lawsuit, revenue has decreased marginally due to restructuring in the national advertising representation industry.

Advertising expense was $0 for the quarter ended June 30, 2010, a decrease of $700 compared to $700 for the quarter ended June 30, 2010. This decrease is attributable to a reduction in spending due to company wide restructuring

Operating expense was $308,411 for the quarter ended June 30, 2011, a decrease of $52,368 or 14.5%, compared to $360,779 for the quarter ended June 30, 2010. Reasons for the decrease in operating expenses relate the LMA agreement between Debut Broadcasting Corporation and Delta Radio LLC for the operation of the Broadcast radio stations WNIX, WBAQ, and WIQQ. Delta Radio LLC is responsible for all operating expenses of the stations. The company has also been undergoing restructuring to eliminate expenses, and has reduced personnel with for annual savings of approximately $140,000 per year.

Depreciation and amortization expense was $14,773 for the quarter ended June 30, 2011, a decrease of $11,479, or 43.7%, compared to $26,252 for the quarter ended June 30, 2010. The primary reason for the decrease relates to the disposition of assets in conjunction with the pending divestiture of WNIX, WLTM, WBAQ, and WNLA AM and FM.

Interest expense was $31,154 for the quarter ended June 30, 2011, a decrease of $28,947 or 48.2% compared to $60,101 for the quarter ended June 30, 2010 The primary source of the interest expenditures were interest payments associated with the term loan from Remington Partners, Inc, and the SunTrust Bank Loan.

As a result of the foregoing revenue and expenses, our overall net income for the three-month period ending June 30, 2011 was $93,810 and the net income for the three month period ending June 30, 2010 was $85,033.

For the Six Months Ended June 30, 2011 and 2010

We generated $694,039 in net revenue for the six months ended June 30, 2011, a decrease of $245,764, or 36.1%, compared to $939,803 for the six months ended June 30, 2010. . The company believes that this decrease is primarily due to the damages incurred, more fully referenced by the pending litigation against Radio Nectar, LLC, Nectar Media, and Marcus Rowe. In addition to the lawsuit, revenue has decreased marginally due to restructuring in the national advertising representation industry.

Advertising expense was $5,300 for the six months ended June 30, 2011 a decrease of $9,170 or 74% compared to $14,740 for the six months ended June 30, 2010. This decrease is due to a reduction in expenses from overall restructuring efforts.

Operating expense was $734,063 for the six months ended June 30, 2011, a decrease of $259,055 or 26%, compared to $993,118 for the six months ended June 30, 2010. Reasons for the decrease in operating expenses relate the LMA agreement between Debut Broadcasting Corporation and Delta Radio LLC for the operation of the Broadcast radio stations WNIX, WBAQ, and WIQQ. Delta Radio LLC is responsible for all operating expenses of the stations. The company has also been undergoing restructuring to eliminate expenses, and has reduced personnel with for annual savings of approximately $140,000 per year.

Depreciation and amortization expense was $51,848 for the six months ended June 30, 2011, a increase of $10,565 or 25.6% compared to $41,283 for the six months ended June 30, 2010. The primary reason for this increase relates to accelerated depreciation due to the sale of vehicles.

Interest expense was $65,815 for the six months ended June 30, 2011, a decrease of $26,805 or 28.9% compared to $92,620 for the six months ended June 30, 2009. The primary reason for the decrease was the repayment of debt to Crestmark Bank, and the partial conversion of the Remington Partners loan to stock.

As a result of the foregoing revenue and expenses, our overall net loss for the six-month period ending June 30, 2011 and June 30, 2010 was $158,728 and $199,071, respectively.

Liquidity and Capital Resources

As of June 30, 2011, our current assets in the amount of $1,350,800 consisted of $37,149 in cash and cash equivalents, $297,951 in accounts receivable, $11,042 in prepaid expenses and $1,004,658 in unexercised stock warrants. As of June 30, 2011, our current liabilities in the amount of $3,472,035, consisted of $836,290 in accounts payable, $109,842 in accrued expenses and taxes, $1,045,421 in notes payable to stockholders, $439,807 in lines of credit and $5,152 in current portion of long term debt, and $1,035,523 in unexercised stock warrant loss. This combination of assets and liabilities resulted in a working capital deficit in the amount of $2,121,235.

We will require additional capital to execute our plan to grow through the acquisition of radio stations and radio station clusters. We do not presently have sufficient capital to make additional acquisitions. We are in the process of divesting five radio stations that have consistently operated below expectations. We anticipate revenue growth through sales and distribution of a proprietary Media Management Software suite during the third quarter.

Recent Events

Pending Dispositions

During the second quarter of 2011, we an agreement to sell the radio broadcast stations WNIX AM, WLTM FM, WIQQ FM, WNLA AM, and WNLA FM to Delta Radio LLC. This disposition is under review with the FCC, and is expected to be completed during the third quarter of 2011.

Other Recent Events

During the fourth quarter of 2010, the company was served with a lawsuit by Townsquare Media. In July the lawsuit was dismissed with prejudice in favor of the company. The potential damages of $354,445.33 had been accrued pending the outcome of this lawsuit, and is reflected in the net revenue for the second quarter of 2011.

On August 1, 2011 the company entered into an agreement with Fillmore Integrated Technical Services, Inc. to become the exclusive distributor for the proprietary FITS Media Management Software Suite. The company is actively engaged in sales for this software suite, and is specifically focused on the Spot Spitter Module which provides secure and accurate fully produced content distribution and regional copy splitting. Over 800 radio station affiliates are currently using the software as a content and advertising delivery system for both long and short form syndicated programming. Additional upcoming modules for the Media Management Suite include automation of affidavit fulfillment, full service and self-service programming automation, as well as full service and self-service billing and traffic management to meet the needs of small radio stations and small and large providers and distributors of syndicated programming and related advertising.

Off Balance Sheet Arrangements

As of June 30, 2010, there were no off balance sheet arrangements.

Critical Accounting Policies

Revenue and Cost Recognition

We recognize advertising and programming revenues when our radio programs air with our contracted radio station affiliates. Generally, we are paid by a national advertising agency, which sells the commercial time provided by the affiliate.

We earn revenue from the national advertising agency, we also recognize any amounts attributable to the individual radio programs, which are based on the audience level generated by the specific program. Expenses are accrued at the time the radio programs are run.

Consulting projects are generally negotiated at a fixed price per project; however, if we utilize our advertising capacity as part of the consulting project, we will charge the consulting client in the same manner as the affiliated stations described more fully above. Consulting fee income is recognized as time is incurred under the terms of the contract.

Advertising

We expense advertising costs as they are incurred.

New Accounting Pronouncements

The Company believes is it compliant with all new accounting pronouncements.

Item 4T. Controls and Procedures

As required by Rule 13a-15 of the Securities Exchange Act of 1934, our principal executive officer and principal financial officer evaluated our company's disclosure controls and procedures (as defined in Rules 13a-15(e) of the Securities 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 that as of the end of the period covered by this report, these disclosure controls and procedures were not effective to ensure that the information required to be disclosed by our company in reports it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities Exchange Commission and to ensure that such information is accumulated and communicated to our company's management, including our principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure. The conclusion that our disclosure controls and procedures were not effective was due to the presence of the following material weaknesses in internal control over financial reporting which are indicative of many small companies with small staff: inadequate segregation of duties and effective risk assessment. Management anticipates that such disclosure controls and procedures will not be effective until the material weaknesses are remediated.

We plan to take steps to enhance and improve the design of our internal controls over financial reporting. During the period covered by this quarterly report on Form 10-Q, we have not been able to remediate the material weaknesses identified above. We will be unable to remediate these material weaknesses until we achieve a growth level sufficient to support financial and accounting staff to adequately segregate duties. We do not anticipate remediating this weakness in 2011.

Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues, if any, within our company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake.

Changes in Internal Control over Financial Reporting

There has been no change in the internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of ss.240.13a -15 or ss.240.15d -15 of the Exchange Act that occurred during the Company's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

The company has entered into litigation against Marcus Rowe and Nectar Media, LLC. A copy of the lawsuit is available on the website www.impactradionetworks.com. The Amended Verified Complaint was filed and received by the court on May 6, 2011, a copy of which is incorporated by reference to exhibit 25.09 to the quarterly report on form 10Q for the quarter ended March 31, 2011. The company is currently discussing potential settlement options with Nectar Media, LLC.

Townsquare Media filed suit against The Marketing Group, Inc alleging that The Marketing Group was in default of an agreement to pay the former Regent Broadcasting for advertisements aired. The case was successfully transferred from New York to Tennessee. The suit was dismissed with prejudice in favor of the Marketing Group.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None

Item 4. Submission of Matters to a Vote of Security Holders

None.

Item 6. Exhibits

Exhibit Number		Description of Exhibit
31.1		Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2		Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Purusant 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.

		DEBUT BROADCASTING CORPORATION, INC.

August 13, 2011		/s/ Sariah Hopkins
		Sariah Hopkins
		Chief Financial Officer

Debut Broadcasting Corporation, Inc. 10-Q