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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 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 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. Demand Media is led by Sean Moriarty. The Other Art Fair is based in London. 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. READ MORE>>.

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Demand Media Expands Into Online Learning, Buys Creativebug

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Santa Monica-based Demand Media said this morning it has expanded into the online learning market, and has acquired Creativebug , an online site which provides educational videos around art and carft instruction. Financial details of the acquisition were not disclosed. The firm was based in San Francisco.

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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 said the growth in revenues came from "strong growth" on its owned & operated content and media properties, plus its acquisition of Creativebug, the arts and crafts instruction site. READ MORE>>.

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Demand Media Files Paperwork For Domain Name Service Spinout

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Santa Monica-based Demand Media announced this morning that it has filed paperwork required for the planned separation and spinout of its domain name business. According to Demand Media, its new subsidiary, Rightside Group, Ltd. , According to Demand Media, its new subsidiary, Rightside Group, Ltd. , READ MORE>>.

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