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Even Variety Says that Demand Studios Sucks

screwed over xmasSee! It’s not just us. Even Variety is joining in.

From yesterday’s issue:

Just look at Demand Media, the Santa Monica, Calif.-based firm some thought would revolutionize content production. Not long after the company went public in January 2011, its market capitalization soared to more than $2 billion, sending the then-5-year-old firm’s value briefly past that of the New York Times Co.

Compare those heights with where Demand finds itself today, having plummeted to roughly a quarter of its peak value. Revenues for the most recent quarter were down year-over-year for the first time since that IPO. Co-founder Richard Rosenblatt is no longer CEO as of October, and the search for his replacement is under way. Demand and Rosenblatt declined comment.

Read the rest HERE.

I guess it doesn’t really matter in the end.

The rich got richer and everyone who was relying on Demand for an income over the holidays got screwed.

Merry Christmas!

1 comment to Even Variety Says that Demand Studios Sucks

  • Paging Dandy Don...

    I didn’t realize that Joanne Bradford, who Demand hired away from Yahoo! to be DMS’ Chief Revenue & Marketing Officer, had already left before Rosenblatt. It evidently didn’t take her very long to realize she couldn’t help them. That’s a telling defection.

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