Demand Media CEO Richard Rosenblatt to Step Down
Richard Rosenblatt, the CEO and chairman of Demand Media, announced on Monday that he will step down from the company he co-founded and launched seven years ago. Co-founder Shawn Colo will step in as board president and interim CEO after Rosenblatt’s resignation is final, effective Oct. 31 (Halloween, as it happens). Board member James Quandt has been named chairman, effective immediately.