Domain Name News: “Patrick Rudell Purchases ScienceFiction.com For $175,000 USD” plus 1 more

Patrick Rudell Purchases ScienceFiction.com For $175,000 USD

Posted: 23 Dec 2010 01:49 PM PST

Domain Industry blogger and broker at Domain Name firm Moniker, Patrick Rudell, also known as Chef Patrick, has launched a new website at ScienceFiction.com. He purchased the domain name after previous lease owner defaulted for $175,000 USD. The whois still currently shows Domain Capital. Rudell partnered with two sci-fi geek friends, one of which has a journalism degree and has been writing for 20+ years.

[as reported by TechCrunch and the Facebook Domain Name Network]

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Demand Media IPO Stalled

Posted: 23 Dec 2010 11:27 AM PST

As we had reported earlier this year, Demand Media, parent company of numerous registrars, websites and a domain parking company, was planning to file for an IPO in 2010. According to an article by CNNMoney, the IPO has now stalled due to the regulator’s questions regarding Demand Media’s accounting practices.

The company’s CEO, Richard Rosenblatt has always insisted that the company was profitable, but the IPO filing revealed a different story, showing that the company is in the red for at least for $6 million USD for 2010. One of the reasons the filings are being investigated is that Demand Media expenses the cost of content creation over the course of five years, stating that the average time period this content will generate revenue for is 5.4 years.

[via CNNMoney]

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