That means it's not even getting to resource allocation.
Has this policy worked before? Are other policies working?
Give more detail about your config:
Master server O/S, Media server(s) details.
Are all services/daemons running on the master and media servers?
Services/daemons that should be running on a Master server: http://seer.entsupport.symantec.com/docs/297548.htm
Services/daemons that should be running on a Media server: http://seer.entsupport.symantec.com/docs/297551.htm