Name Change to be Effective November 9, 2016; Shares will Trade on
the New York Stock Exchange Under Ticker Symbol LFGR
SANTA MONICA, Calif.--(BUSINESS WIRE)--
Demand Media, Inc. (NYSE: DMD), a diversified internet company comprised
of several marketplace and media properties, today announced it has
received board approval to change the company’s name to Leaf Group Ltd.
The company will officially change its name at the start of business on
Wednesday, November 9, 2016, and its common stock will begin trading
that day on the New York Stock Exchange under LFGR. The last trading day
under the name Demand Media, Inc. and the symbol DMD will be November 8,
2016.
As of November 9, 2016, please refer to www.leafgroup.com
for information about the company, including investor relations.
About Demand Media
Demand Media, Inc. (NYSE: DMD) is a diversified Internet company that
builds platforms across its media (eHow and LIVESTRONG.com) and
marketplace (Society6 and Saatchi Art) properties to enable communities
of creators to reach passionate audiences in large and growing lifestyle
categories. In addition, Demand Media’s content studio and diverse
advertising offerings help brands and publishers find innovative ways to
engage with their customers. For more information about Demand Media,
visit www.demandmedia.com.
Cautionary Information Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements, other than statements of historical facts, that address
activities, events or developments that we or our management intends,
expects, projects, believes or anticipates will or may occur in the
future are forward-looking statements, including statements regarding
the expected timing and impact of Demand Media’s name change and the
commencement of trading under a new ticker symbol on the New York Stock
Exchange. Such statements are made by management based on their
experience, current expectations and other factors they deem
appropriate, including certain assumptions related thereto.
Forward-looking statements are subject to a number of risks and
uncertainties including, without limitation, economic, industry,
competitive, governmental and technological factors affecting the
Company’s operations, markets, products and services, as well as partner
and client acceptance of the Company’s new corporate name. The Company
identifies the principal risks and uncertainties that impacts its
performance in its public filings, including those set forth in Item 1A
(Risk Factors) of its most recent Annual Report on Form 10-K for the
fiscal year ending December 31, 2015 filed with the Securities and
Exchange Commission (http://www.sec.gov)
on March 1, 2016, and in other reports filed with the Securities and
Exchange Commission. Forward-looking statements are not
guarantees of future performance, and actual results, developments and
business decisions may differ from those indicated by such
forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161028005765/en/
Source: Demand Media, Inc.