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Demand Media revenue growth slows in second quarter

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(Globalpost/GlobalPost)

(Reuters) - Demand Media <DMD.N>, the online content company that operates brands such as eHow and Cracked, said on Wednesday its total year-on-year revenue growth slowed to 9 percent in the second quarter to $101.1 million, as growth slowed at its sites.

Adjusted net income for the second quarter rose to $8.8 million, or 10 cents per share from $7.8 million, or 9 cents per share in the same quarter last year. Year-on-year revenue growth in the first quarter was 17 percent.

(Reporting by Jennifer Saba in New York)

http://www.globalpost.com/dispatch/news/thomson-reuters/130807/demand-media-revenue-growth-slows-second-quarter