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Summary:

Demand Media announced the promotion of Michael Blend to president and COO this afternoon. Blend replaces Charles Hilliard, who stepped down in June. Separately, the company broke even for the first time, with revenues up 17 percent.

Michael Blend

Demand Media announced the appointment of a new president to replace Charles Hilliard, who stepped down in June, and reported stronger than expected Q2 earnings this afternoon.

Michael Blend, who had overseen the company’s content and media services, has been promoted to president and COO and will now oversee the domain registration services as well. “Michael’s leadership will be instrumental as we continue to build upon our successful growth in content and media, as well as embark on a new era of internet domain expansion,” said chairman and CEO Richard Rosenblatt, to whom Blend will report.

Separately, Demand Media announced revenues up 17 percent to $93.1 million for the quarter. The company also broke even for the first time, with earnings of $0.00 per share, compared to the net loss of $0.03 that analysts had expected.

Revenue from content and media grew 18 percent over last year, to $55.3 million. Revenues from Demand Media’s registrar services, which includes domain name registration, grew 13 percent to $33.4 million.

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  1. 17% growth at the top line won’t help a company with a P/E of infinity……

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