TheStreet execs: We’re building a first-class newsroom
Here are comments made by TheStreet.com executives on its earnings conference call:
Chairman Larry Kramer:
I’ll be brief, but I wanted to note that in just a few short months Dave has created a positive and enthusiastic here at TheStreet. There is a select desire create & top-of-the-line financial news information and data company, and it’s been amazing to watch. I am particularly proud of how well our different product groups are working with each other to make every product better and to take advantage of the strengths we have around the company.
It takes a lot of patience to implement ideas and to watch them grow, but it starts at the top and I’m confident that David and the rest of the team will execute their strategy.
Chief executive officer David Callaway:
We’ve hired a half dozen strong financial journalists and consolidated on news operations into one unified newsroom under Tara Murphy, dedicated to serving all of our institutional premium and media readerships. We’ve audited the tech operations and the sales operations and taken steps to organize our five businesses into one financial news and information company under TheStreet branding.
I visited our BoardEx operations in London where we built a small newsroom and in Chennai, India where we’re planning one. We’ve taking out cost, including executives and journalists where we’ve needed to make room for new investment in our structure.
Among our highlights, our focus on mobile traffic is a means of distribution led to a 10% gain in mobile visits in the third quarter, topping desktop for the first time. We launched our BoardEx App and are working with Apple to launch a unified app for TheStreet, RealMoney and Action Alerts PLUS products in the first quarter.
At BoardEx we signed on several large institutional clients including Raymond James and HSBC and now we are approaching 200,000 users for the first time. Early next year our [indiscernible] was surpassed 1 million names of Senior Executives and Directors that can be searched in the BoardEx products. We are also integrating almost two decades of archived mergers and acquisitions data from the deal into the BoardEx environments.
Read the entire conference call transcript here.