We kid you not. In quick response to their board of directors abandoning ship, Roo Media Group named Kaleil Isaza Tuzman, currently the CEO of JumpTV, their new CEO and Chairman.

According to the press release, Tuzman and his KIT Capital Ltd. has been granted the right to purchase up to 51% of the preferred class of shares in the Company at US$0.38 per share. KIT Capital has the option to invest up to US$5 million in common shares of the Company at US$0.16 per share, a 15% premium to the closing price yesterday, December 18th, 2007.

Tuzman is probably best remembered to layfolks as the star of the 2001 documentary, “StartUp.com,” a film about life in the first dot-com bubble and their company, GovWorks.com, which burned through nearly $60 million in 18 months.

In related news, JumpTV Inc. (AIM: JTV) announced that it had bought back 25,000 common shares at an average price of Cdn$2.20 per share.