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Stock Market & Financial Investment News

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August 11, 2014
13:29 EDTDMD, IACIDemand Media new CEO hire brings two major advantages, says B. Riley
B. Riley said Demand Media's (DMD) hiring of Sean Moriarity as CEO bring two major advantages, a proven executive in the Los Angeles area and one with deep relationships with IAC Interactive (IACI). The analyst believes Demand Media will try to sell itself to IAC Interactive once the spin is complete. Shares are Buy rated wit a $21 price target.
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