UPDATE: Demand Media (DMD) Tops Q4 EPS by 1c; Guides Q1, FY13

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Demand Media (DMD) Surges on Plan to Split

February 19, 2013 4:59 PM EST

Demand Media (NYSE: DMD) is surging after-hours Tuesday following news the company will explore splitting the company in two in a tax-free distribution.

Under the plan, two independent, publicly-traded companies will be formed. One would be a pure-play media company with a powerful... More