In Feb 2004, Richard Rosenblatt became CEO of Intermix and Chairman of Myspace. Richard is credited with saving the company from bankruptcy. He restored the company to profitability and together with Chris Dewolfe and his team grew Myspace from an unknown web site to an explosive media property. Richard negotiated the sale of Myspace for $650mm to Rupert Murdoch and consulted for Fox for six months before founding Demand Media.
In May 2006, Richard founded Demand Media and has raised $355mm to build Demand Media into the leading social media company.