Demand Media Earmarks $50M-$75M for 'Investments in Content'

DemandMediaLogo.jpgDemand Media said it will spend $50 million-$75 million on “investments in content” in 2011 and, when its initial public offering is completed, it will trade on the New York Stock Exchange under the symbol DMD, according to a filing with the Securities and Exchange Commission, as reported by paidContent.

The freelance content aggregator also removed a statement from an earlier SEC filing saying that some of the proceeds from the IPO could be used to “acquire or invest” in other businesses, according to paidContent.

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