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.

Related Stories
Mediabistro Course

Email Marketing

Email MarketingStarting January 12, learn how to create campaigns that engage subscribers, increase awareness, and drive traffic and sales! In this course, you'll learn how to create effective email campaigns to meet your company's goals and objectives, develop copywriting and design techniques, create and manage distribution lists, and more! Register now!