Monday, April 18, 2011

Demand Media Defends Fiscal Outlook

Santa Monica-based Demand Media, the online publishing firm headed by Richard Rosenblatt, said Sunday that it is reaffirming its financial outlook for fiscal year 2011. The firm said its estimates, provided February 22nd, still stand, despite a third party report that search engine algorithms made at Google have impacted eHow, the company's question and answer site. Demand Media said that that report "significantly overstated" the negative impact of those Google changes. Demand Media said it expects that page view growth across its current Content & Media properties to be comparable to, or greater than, year-over-year page view growth in the second quarter of 2010.