Summary of NEW FRONTIER MEDIA INC

Item 8.01 Other Events.

On August 28, 2009, New Frontier Media, Inc. announced that its board of directors adopted a new stock repurchase program. The new program will be conducted in a manner intended to comply with the safe harbor provisions of Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended, and to minimize the impact of any purchases upon the market for its securities. The board of directors adopted the program in light of current market conditions and the capital and financial position of the company. Under the program, the company may purchase with available cash and cash from operations up to 1.0 million shares of the company's outstanding common stock, from time to time through open market or privately negotiated transactions, as market and business conditions permit. The program will expire in March of 2012. Any repurchased shares will be returned to authorized but unissued shares of common stock in accordance with Colorado law.

Notwithstanding the foregoing, the repurchase program does not require the company to acquire any specific number of shares, is subject to the insider-trading window periods imposed by the company's trading policy, and may be suspended or terminated at any time by the company's board of directors without prior notice. The company currently has approximately 19.5 million shares of common stock issued and outstanding, and the company has not to date commenced purchasing any shares of its common stock under the new program. Additional information concerning the repurchase program is contained in the company's press release dated August 28, 2009, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.