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News Breaks | | | | December 5, 2012 | | 07:17 EDT |  | DMD, GOOG | Demand Media won't be affected by paid search changes, says Stifel Nicolaus
After a Stifel Nicolaus competitor downgraded Demand Media based on incremental Google (GOOG) risk due to search arb tactics, Stifel Nicolaus thinks the competitor is incorrect, since paid traffic generates only about 1% of Demand Media's gross revenues. The firm reiterates a Buy rating on the stock. | |
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