Saturday, August 7, 2010

Demand Media Files to Go Public

Hi all,

Well, this is an interesting turn of events that I thought you would all enjoy hearing about.  Although, it isn't too much of a surprise.  Demand Media, Inc., owner of Demand Studios, eHow and so many other sites has filed to go public (click here to read application).  Apparently Demand Media filed a loss of millions for 2009 and even more millions for the first 6 months of 2010.  One tidbit that might interest some of you is Demand Media received 21% of its income for the first half of 2010 from eHow.  Yes, almost a quarter of their eanings came from the very site that they shut off to everyone and limited to fewer writers.  I won't even begin to describe the pros and cons of all this so you may want to hop over to Domain Name Wire and read some of the details yourself, or read the actual application by Demand Media at that link above.

What will this mean to Demand Media and all of its many sites? Time will tell. In the last year it has grown extensively, so who knows how big it will get once it starts selling shares.  What do you all think of this turn of events?

Happy Writing,

On Writing Well, 30th Anniversary Edition: The Classic Guide to Writing Nonfiction

1 comment:

  1. An interesting bit of news to be sure. Not exactly sure what I think of it all and doubt it would affect me directly. By the way, I would not buy shares in the company.


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