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Demand Media Buys Saatchi Art, Appoints Sean Moriarty As CEO

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Santa MOnica-based Demand Media made a surprise move this morning, saying it has appointed former Ticketmaster CEO Sean Moriarty as its new CEO--and also acquiring Moriarty''s startup, Saatchi Art. According to Demand Media, it paid $17M for Saatchi Art, in a mix of cash and stock, in a deal which will add revenues of $0.5M

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Demand Media Acquires The Other Art Fair

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Santa Monica-based Demand Media said on Friday that it has acquired UK-based The Other Art Fair , an art fair for emerging artists. Financial terms of the acquisition were not announced. The company said The Other Art Fair has a large following in the UK, Australia, and internationally. READ MORE>>.

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Leaf Group Seeks To Raise $22M For Acquisition, Other Efforts

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Santa Monica-based Leaf Group , the publicly traded consumer Internet company best known for running such sites as Saatchi Art, Society6, EHow, and Livestrong, said it is looking to offer and sell approximately $22M in shares of its common stock. Leaf Group says it does not have any specific acquisitions in mind.

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Demand Media Gets Second $100M+ Quarter

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Santa Monica-based online digital media publisher Demand Media keeps on getting bigger and bigger. The company also reported net income of $0.7M demand media earnings domain content publishing creativebug' The firm reported its latest quarterly results Tuesday, reporting $100.6M READ MORE>>.

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Demand Media Buys E-Commerce Marketplace Society6 For $94M

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Santa Monica-based Demand Media has acquired Society6 , an online e-commerce marketplace centered around artists, the company announced Monday afternoon, as part of an effort to expand its content and media platform. artist acquisition merger marketplace ecommerce society6 media demand' READ MORE>>.

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Demand Media Unloads Cracked For $39M

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Santa Monica-based Demand Media has sold Cracked , its online humor site, to the E.W. Scripps Company , in a deal worth $39M in cash, the companies said late Tuesday. According to Demand Media, the move will give it a "more focused portfolio of businesses", and also "significantly" strengthen its balance sheet.

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Demand Media To Change Name To Leaf Group

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Santa Monica-based Demand Media said on Friday that it will be changing its name, and will become Leaf Group Ltd. Demand Media did not say why it is changing its name, however, the company has significantly been shifting its business from Internet media, to an online marketplace business. READ MORE>>.

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