Demand Media acquires blogging tool CoverItLive
The ubiquitous and controversial Demand Media has acquired CoverItLive, a live-blogging tool that lots of publishers--including CNET--use for hosting live chat events and covering news in real time.
Demand Media, which grew extraordinarily fast and recently went public, is best known as a freelancer clearinghouse for the production of search-engine-friendly content on sites like eHow (how-to tutorials) and Livestrong.com (health advice). The company has been hit with allegations that the majority of its content is cheap, low-quality, and pollutes search results--that is, that it's a "content farm"--something it understandably denies.
CoverItLive, typically used to quickly … Read more