Demand Media, the Company that pimps the livestrong.com for profit site filed for it's IPO. It looks like Armstrong made a nice chunk of change for selling off the brand name Livestrong, 1,250,000 shares. Depending on the IPO price and performance this should be well over $10,000,000
One of the better points of the S1 is this
Armstrong is increasingly becoming a liability, not an asset.
One of the better points of the S1 is this
certain of our owned and operated websites, such as LIVESTRONG.com, are associated with highprofile experts to enhance the websites' brand recognition and credibility. In addition, any adverse news reports, negative publicity or other alienation of all or a segment of our consumer base relating to these high-profile experts would reflect poorly on our brands and could have an adverse effect on our business.
Armstrong is increasingly becoming a liability, not an asset.