Demand media, a content mill site which is behind popular sites like eHow and Answerbag, producing about 20k articles/day from 13k freelancers all over the world. Though demand media business model is against Google recent panda algorithm, still they are the leader of the industry producing content solely based on how much it will earn from advertising for LTV (life time value).

Here is an infographics which clearly explains you how demand media produce earning potential content which makes them a billion dollar company ($1.57 billion) in Internet industry.
< click image to enlarge >
via (Online MBA)
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This is a comprehensive article on media content farm. Thanks for sharing.
Nice research Sudharsan but I am also looking for this issue from last few weeks . I was planning to start article direcotry but one seo guru me not to start this project right now . With global Panda update many sites has faced kick from google but most sites are in English and now user converting them to other local languages to maintain local traffics.
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Yes, many popular article directories has badly affected by PANDA update.
Demand Media intends its content business to be profitable, there was more work to be done in the area of low-quality pages from “content farms.
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