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

Content Marketing 101

Content Marketing 101Almost 60% of businesses use some form of content marketing. Starting December 8, get hands-on content marketing training in our online boot camp! Through an interactive series of webcasts, content and marketing experts will teach you how to create, distribute, and measure the success of your brand's content! Sign-up before November 10 to get $50 OFF with early bird pricing. Register now!