On the heels of its entry to the public market , content farm Demand Media has just acquired CoverItLive, a liveblogging tool. Financial terms of the deal were not disclosed. CoverItLive provides an extensive tool one can use for liveblogging live events or other real-time stuff such as earnings calls, press conferences and more. In fact, this past weekend, CoverItLive powered liveblogs for the Oscar ceremonies on People, TMZ, Entertainment Weekly, Variety and the Daily Beast. Demand Media has originally made a strategic investment in CoveritLive back in 2009 , acquiring a minority interest in the startup. With today's acquisition, CoverItLive will become a platform within Demand Media’s portfolio of social "solutions."