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Demand Media's Rosenblatt Resigns

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In a surprise move, Santa Monica-based Demand Media said late Monday that founder, Chairman, and CEO Richard Rosenblatt has resigned from the company. Demand Media said that it has appointed Shawn Colo as interim President and interim CEO, effective immediately, with James Quandt taking the Chairman position. READ MORE>>.

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Demand Media Expands In Ireland

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Demand Media , the online publishing business led by Richard Rosenblatt, has made a major expansion into Ireland, as part of its domain name business, the firm said Wednesday. Demand Media said the move is part of setting up the firm for the thousands of new top level domains (TLDs) come to market later this year.

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Demand Media Loses Chief Revenue Officer

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Santa Monica-based Demand Media has lost its Chief Revenue Officer, Jeff Dossett, to startup Porch.com , only eight months after Dossett was named to the position after the loss of former Chief Revenue and Marketing Officer Bradford. porch jeff dossett chief revenue officer demand media executive everest' and Microsoft.

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Demand Media Spins Off Rightside

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Santa Monica-based Demand Media has completed its spinoff of Rightside Group , its domain name registration business, as a tax-free distribution this morning. Demand Media has been in the midst of spinning off Rightside Group for over a year. rightside group enom demand media name spinout spinoff registrar domainer'

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Demand Media Sells Creativebug, CoveritLive

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Santa Monica-based Demand Media said Monday that it has sold both its Creativebug. Demand Media said it sold Creativebug its online video business focused on arts and crafts, to Other Media , a new joint venture between AT&T and The Chernin Group, Separately, the compay said it sold CoveritLiveto Canadian firm ScribbleLive.

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Demand Media Gets $225M Credit Facility

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Santa Monica-based online publisher Demand Media said Tuesday afternoon that it has entered into a new, $225M credit facility, split between a $125M revolving credit facility and a $100M term loan. According to Demand Media, the new facility replaces an existing, $105M revolving credit facility. READ MORE>>.

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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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