Key Developments: Demand Media Inc (DMD)

DMD on New York Consolidated

5.22USD
23 Jul 2014
Price Change (% chg)

$0.17 (+3.37%)
Prev Close
$5.05
Open
$5.20
Day's High
$5.25
Day's Low
$5.04
Volume
181,829
Avg. Vol
552,541
52-wk High
$7.14
52-wk Low
$3.62

Search Stocks

Latest Key Developments (Source: Significant Developments)

Demand Media Inc to complete tax-free spin-off of Rightside Group
Wednesday, 16 Jul 2014 09:00am EDT 

Demand Media Inc:Says the U.S. Securities and Exchange Commission (SEC) has declared the Rightside Group Ltd registration statement on Form 10 effective.And also that the board of directors of Demand Media has approved the separation of Rightside from Demand Media in the form of a tax-free dividend involving the distribution of all outstanding shares of Rightside common stock to holders of Demand Media common stock on Aug. 1.Demand Media's board of directors also determined to implement a reverse stock split of Demand Media's common stock at a reverse stock split ratio of 1-for-5 immediately following the distribution.Demand Media stockholders will receive one share of Rightside common stock for every five shares of Demand Media common stock held by such holders.Following the distribution, Demand Media will effect a 1-for-5 reverse stock split of its outstanding and treasury shares of common stock.Immediately after the distribution is completed, Rightside will be an independent, publicly traded company.  Full Article

Demand Media Inc announces divestiture of Creativebug and CoveritLive
Monday, 14 Jul 2014 11:15am EDT 

Demand Media Inc:Says sale of Creativebug, online video arts and crafts business, to Otter Media, newly named venture between AT&T and The Chernin Group.Additionally, Demand Media has completed sale of real-time engagement solution business, CoveritLive, to Toronto-based ScribbleLive.  Full Article

Demand Media Inc and Electus Digital announce strategic advertising partnership
Tuesday, 11 Mar 2014 09:30am EDT 

Demand Media Inc and Electus Digital:Says a strategic advertising partnership.Says Electus Digital will now offer exclusive premium ad sales representation for Demand Media's Cracked.com.The partnership forms a new network of online humor destinations and establishes the collection of humor websites directly available to advertisers.  Full Article

Demand Media Inc gives FY 2014 revenue guidance in line with analysts' estimates
Tuesday, 25 Feb 2014 04:00pm EST 

Demand Media Inc:Sees slightly declining year over year revenue FY 2014.Says it has reported revenues of $379 mln in FY 2013.FY 2014 revenues of $377 mln - Thomson Reuters I/B/E/S.  Full Article

Demand Media Inc Issues Q4 2013 Guidance; Earnings Guidance Below Analysts' Estimates; Lowers FY 2013 Guidance
Thursday, 7 Nov 2013 04:15pm EST 

Demand Media Inc announced that for the fourth quarter of 2013, it expects revenue in the range of $98.0-$101.0 million, adjusted EBITDA in the range of $16.0-$19.0 million and adjusted EPS in the range of $0.03-$0.04 per share. For fiscal 2013, the Company expects revenue in the range of $396.0-$399.0 million, adjusted EBITDA in the range of $86.0-$89.0 million and adjusted EPS in the range of $0.26-$0.28 per share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $98.5 million, EBITDA of $22.6 million and EPS of $0.06 for the fourth quarter of 2013; and EBITDA of $93.5 million and EPS of $0.29 for fiscal 2013.  Full Article

Demand Media Inc Announces Management Changes
Monday, 14 Oct 2013 04:05pm EDT 

Demand Media announced that its board of directors has accepted the resignation of Richard Rosenblatt as Chief Executive Officer (CEO), effective October 31, 2013, and as Chairman, effective immediately. The board has appointed Shawn Colo as interim President, effective immediately, and as interim CEO, to be effective upon Mr. Rosenblatt's resignation. James Quandt has been appointed Chairman, effective immediately. The board will begin a search for a permanent CEO shortly.  Full Article

Demand Media Inc Issues Q3 2013 Guidance; Lowers FY 2013 Guidance
Wednesday, 7 Aug 2013 04:23pm EDT 

Demand Media Inc announced that for the third quarter of 2013, it expects revenue in the range of $99.0-$101.0 million, adjusted EBITDA in the range of $18.0-$20.0 million and adjusted EPS in the range of $0.04-$0.05 per share. For fiscal 2013, the Company expects revenue in the range of $405.0-$410.0 million, adjusted EBITDA in the range of $90.0-$95.0 million and adjusted EPS in the range of $0.28-$0.31 per share.  Full Article

Demand Media Inc Lowers Q2 2013 Revenue And EBITDA Guidance; Reaffirms Q2 2013 EPS Guidance
Monday, 24 Jun 2013 04:05pm EDT 

Demand Media Inc announced that for the second quarter of 2013, it expects revenue in the range of $100.0 - $101.0 million, and revenue ex-TAC to be in the range of $95.5 million to $96.5 million, due to a reduction in search engine referral traffic to its Owned & Operated sites in May and June 2013, adjusted EBITDA in the range of $26.0 - $27.0 million and reaffirming adjusted earnings per share(EPS) in the range of $0.08 to $0.09. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $101.7 million, EBITDA of $27.7 million, EPS of $0.09 for the second quarter of 2013  Full Article

Demand Media Inc Acquires Society6
Monday, 24 Jun 2013 04:05pm EDT 

Demand Media Inc announced that it has acquired Society6, a digital marketplace powered by artists. The e-commerce marketplace enables artists to seamlessly upload and merchandise artwork and sell a variety of products, such as phone cases, art prints, home d├ęcor, and other merchandise. Society6 further expands Demand Media`s content & media platform through Society6`s fast growing e-commerce marketplace that includes more than 100 million product SKUs and a community of over 300,000 members. Total consideration is approximately $94 million, consisting of $75 million in cash and approximately $19 million in common stock at close.  Full Article

Demand Media Inc Issues Q2 2013 Mixed Guidance; Narrows FY 2013 Revenue And EBITDA Guidance; Raises Low End Of Prior FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates
Tuesday, 7 May 2013 04:05pm EDT 

Demand Media Inc announced that for the second quarter of 2013, it expects revenue in the range of $105.0 - $107.0 million, adjusted EBITDA in the range of $26.5 - $28.5 million and adjusted EPS in the range of $0.08 - $0.09 per share. For fiscal 2013, it expects revenue in the range of $436.0 - $442.0 million, adjusted EBITDA in the range of $110.5 - $114.5 million and adjusted EPS in the range of $0.40 - $0.43 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $101.4 million, EBITDA of $27.6 million, EPS of $0.10 for the second quarter of 2013; EBITDA of $112.6 million and EPS of $0.41 for fiscal 2013.  Full Article

Demand Media dogged by Google changes, warns of revenue declines

Feb 25 - Demand Media Inc warned on Tuesday that revenue for this year will continue to decline because of troubles at its flagship advice website eHow.

Search Stocks