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Demand Media Buys Saatchi Art, Appoints Sean Moriarty As CEO

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Santa MOnica-based Demand Media made a surprise move this morning, saying it has appointed former Ticketmaster CEO Sean Moriarty as its new CEO--and also acquiring Moriarty''s startup, Saatchi Art. According to Demand Media, it paid $17M for Saatchi Art, in a mix of cash and stock, in a deal which will add revenues of $0.5M

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Los Angeles, San Diego Among Top 10 Cities For Startups

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USA Today cited the activity of such companies as Demand Media, Break.com, Buzzmedia, Citysearch, Google, JibJab, ShoeDazzle, and Viddy in Los Angeles, and Qualcomm, Slacker, Sorenson Media, and MOGL in San Diego as examples of those cities' active startup base. READ MORE>>.

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Guide to the LA Startup Community

SoCal Delicious

Demand Media is an online media company operating two strategically-linked businesses: an integrated content and social media platform, and registrar solutions. Citysearch is an online guide that offers information and recommendations regarding local businesses including restaurants, shops, bars, hotels, and others.

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Ten Tech Entrepreneurs Who Are Putting LA on the Map

SoCal Delicious

Richard Rosenblatt – Demand Media. Most recently, Rosenblatt cofounded Demand Media, launching in 2006 with $120 million in equity and the acquisition of eHow.com. You might know Demand Media better as the people behind Cracked, DailyPuppy, and GolfLink. Matt Coffin – LowerMyBills.com.

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Why You Should Start a Company in. Los Angeles

SoCal Delicious

The city has, however, quietly been home to some of the most successful online companies to date, including CitySearch (sold to Ticketmaster for $260 million in 1998), Overture (acquired by Yahoo for $2 billion in 2003), eHarmony and LowerMyBills (bought by Experian for $330 million in 2005). before which is second-time entrepreneurs.

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A Few Key People Really Can Make a Huge Difference

Both Sides of the Table

Every region needs its local media & events. We have all of the 2nd-time entrepreneurs from Overture, CitySearch, MySpace, etc. on to their next companies and that produced Demand Media, a public company who even with a slight recent reduction in share price is still trading at $1.3 How do we make that happen?

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Goldstar Adds Coffin, Moriarty, Harris As Advisors

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Coffin is the former founder of LowerMyBills.com, and is now an investor in such firms as Demand Media, Houtelook, Ad.ly, ShoeDazzle, and other startups.