UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

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

Date of Report (Date of earliest event reported): December 1310, ~~2007~~2009

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Broadcaster, Inc.

(Exact name of registrant as specified in its charter)

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Delaware	0-15949	94-~~2862863~~286863
(State or Other Jurisdiction	(Commission	(I.R.S. Employer
(State or other jurisdiction	(Commission	(I.R.S. Employer
of Incorporation)	File Number)	Identification No.)
of incorporation)	File Number)	Identification No.)

~~9201~~353 ~~Oakdale~~Bel ~~Avenue,~~Marin ~~Suite~~Keys ~~200 Chatsworth~~Blvd, CASuite ~~91311~~9

~~(Address~~Novato, ofCalifornia ~~Principal Executive Office) (Zip Code)~~94949

(~~818~~Address of principal executive offices) ~~206-9274~~(Zip Code)

(Registrant’s telephone number, including area code (415) 883-8369

N/A

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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ ~~Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)~~

¨Written ~~Soliciting~~communications ~~material~~ pursuant to Rule ~~14a-12~~425 under the ~~Exchange~~Securities Act (17 CFR ~~240~~230.~~14a-12~~425)

¨ ~~Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))~~

¨Soliciting ~~Pre-commencement~~material ~~communications~~ pursuant to Rule ~~13e~~14a-~~4(c)~~12 under the Exchange Act (17 CFR 240.~~13e~~14a-~~4(c~~12))

~~Item 2.05 Costs Associated with Exit or Disposal Activities~~¨

OnPre-commencement ~~December 13,~~communications ~~2007,~~pursuant ~~the~~to ~~Board~~Rule ~~of Directors of Broadcaster, Inc.~~ 14d-2(~~the “Company”~~b) ~~decided~~under ~~to reduce~~ the ~~company’s~~Exchange ~~operations~~Act ~~and~~(17 ~~keep~~CFR ~~a limited staff to maintain its website until the end of the calendar year~~240. At the end of the year, the staff will be reduced to approximately 5 people. In connection with the staff reduction, the Company expects to incur expenses of approximately $67,000 for two executives that have employment agreements. The Company does not currently expect any other charges related to this action that will result in future cash expenditures.14d-2(b))

~~Item 2.06 Material Impairments~~¨

~~As a result of the board decision on December 13, 2007, the officers of the Company determined that there will be an impairment of goodwill and a write~~Pre-~~down~~commencement ofcommunications ~~its~~pursuant ~~intangible~~to ~~assets~~Rule ~~acquired in the AccessMedia Networks, Inc acquisition. Management believes that goodwill will be impaired by $63.0 million and that the write~~13e-~~down of intangibles will be approximately $6.~~4 ~~million,~~(c) ~~resulting~~under ~~in an aggregate potential charge of approximately $69.4 million. Neither of~~ the ~~impairment~~Exchange ~~charges,~~Act ~~which~~(17 ~~are~~CFR ~~expected to be reflected in the Company’s financial statements for the fiscal quarter ended December 31, 2007, will result in future cash expenditures~~240. 13e-4(c))

Item 8.01 ~~Other Events.~~

OnOther December 13, 2007, the board has also directed the CEO to seek potential acquisitions or other transactions that are deemed necessary. The board also approved a finder’s fee should a transaction be closed with a potential merger candidate. The fee would be payable to a related party. Events

~~SIGNATURES~~On December 14, 2009, Broadcaster, Inc issued a press release announcing the settlement, on December 10, 2009, of the derivative lawsuit brought by Baytree Capital Associates, LLC in February 2008. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

~~Pursuant~~Item ~~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, hereunto duly authorized~~9.01

~~Broadcaster,~~Financial ~~Inc.~~Statements ~~By:~~and ~~/s/ MARTIN R. WADE, III Martin R. Wade, III Chief Executive Officer~~Exhibits

~~Date: December 19, 2007~~(d)

Exhibit


Exhibit No.		Description
99.1		Press Release

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 hereunto duly authorized.

Date: December 14, 2008


	BROADCASTER, INC.


	By:	/s/ MARTIN WADE, III
		Martin Wade, III Chairman and CEO
		Martin Wade, III Chairman and CEO

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