April 26, 2006: Palladium Capital Advisors announced today that it closed a deal to provide $2.45M in financing for The Tube Media Corp. (OTCBB:TUBM). Palladium Capital Advisors, LLC acted as exclusive placement agent in the private placement transaction in which several institutional investors participated.

The Tube Media Corporation, through its wholly owned subsidiary, THE TUBE Music Network, Inc., provides music television entertainment 24 hours a day. THE TUBE Music Network delivers its pure music programming to viewers in markets throughout the United States, through broadcast agreements with Raycom Media, Tribune Broadcasting, and Sinclair Broadcast Group.