Demand Media Spins Off Rightside

Santa Monica-based Demand Media has completed its spinoff of Rightside Group, its domain name registration business, as a tax-free distribution this morning. According to Demand Media, the two companies now will trade as separate, publicly traded companies--with Demand Media on the NYSE as DMD, and Rightside trading on the Nasdaq Global Select Market as NAME. Demand Media has been in the midst of spinning off Rightside Group for over a year.