Variety.com, is reporting that just days after Richard Rosenblatt resigned from Demand Media, Inc. (DMD) as its CEO and Chairman of the Board, all 15 members of the research and development unit at the company were laid off, including chief innovation officer Byron Reese. Demand reps did not respond to repeated requests for comment to Variety.com "Reese was seen as the architect of Demand’s … [Read more...]
Demand Media Shares Hit 52 Week Low After Rosenblatt Resigns
Shares of Demand Media, Inc. (DMD) hit a 52 week low today closing at $5.34 down almost 9% in the first day of trading since Richard Rosenblatt resigned as CEO and Chairman Share hit inter-day low of $5.31. Demand Media, Inc. is now over almost 50% off its 52 week high of $10.34 Volume today was over double of its 90 day average. Demand Media, Inc. now has a market cap of $466 … [Read more...]
Demand Media CEO & Chairman Rosenblatt Resigns
Demand Media (DMD) CEO and Chairman Richard Rosenblatt resigned today. The resignation of CEO is effective October 31, 2013, and as Chairman is effective immediately The board has appointed Shawn Colo as interim President, effective immediately, and as interim CEO, to be effective upon Mr. Rosenblatts resignation. James Quandt has been appointed Chairman, effective immediately. The … [Read more...]
Are These The 107 New gTLD Extensions Donuts Partnered With Demand Media On?
Donuts.co which applied for 307 new gTLD strings has stated all along that they were in partnership with Demand Media (DMD) on 107 of the applications. However I do not think Donuts or Demand have publicly stated which of the 107 new gTLD's that Donuts applied for that they are in a partnership with Demand Media on. Looking through some new gTLD applications today I found that 107 … [Read more...]
Demand Increases Credit Facility From $105 Million To $225 Million
Demand Media (DMD) announced today that it has entered into a new $225 million credit facility comprised of a $125 million revolving credit facility and a $100 million term loan. The new facility, which matures in August 2018, replaces the Company’s existing $105 million revolving credit facility that was due to expire in August 2016. The new credit facility has an accordion feature under … [Read more...]
RBC: Demand Media New gTLD Initiative Could Be Worth More Than Its Registrar Business: enom.com, name.com
RBC issued an Equity Research Report today on Demand Media, Inc., the day after Demand Media, Inc, reported its second quarter earnings. Demand Media announced during the earnings report and the earnings call that followed that Google's Search algorithm continues to impact Demand's owned and operated site traffic negatively and to a greater extent than captured in estimates. Shares of … [Read more...]
Demand Media Withdraws 1st New gTLD Application: .Bar
Demand Media, Inc. (DMD) withdrew its first new gTLD application, .Bar. The application had a prioritization number of 1,689. According to the ICANN website, "the Geographic Names Panel determined that the .Bar falls within the criteria for a geographic name contained in the Applicant Guidebook Section 2.2.1.4." "The applicant was contacted to provide documentation of … [Read more...]