Demand Media in Denial?

Joseph Tartakoff reports on Demand Media:

Demand Media (NYSE: DMD) says changes Google (NSDQ: GOOG) made to its search algorithm have in fact reduced traffic to its sites, including its flagship eHow. However, the company is downplaying the overall impact, saying in a statement that the changes have resulted in only “moderately lower” year-to-date page view growth and adding that its page view growth this quarter will in fact be comparable to—or greater than—the growth it saw during the same period a year ago.

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