Hedge fund takes aim at TheStreet.com
Hedge fund Spear Point has set its eyes on financial news service TheStreet.com after gaining a controlling take in news site Salon, reports Keith Kelly of The New York Post. Kelly writes, “‘We do think there is room for consolidation, especially in the smaller end of the market,’ said Ron Bienvenu, managing partner of New Orleans-based Spear […]
Activist investor seeks Salon stake to make run at TheStreet
An activist investor is seeking to purchase a controlling stake in Salon Media and use that to make a run at financial news site TheStreet.com, reports Keith Kelly of the New York Post. Kelly writes, “Spear Point would then use its control of Salon to make a run at Jim Cramer’s TheStreet.com, one person familiar […]
Should TheStreet part ways with Jim Cramer?
Thomas Niel on Seeking Alpha writes that financial news site TheStreet.com should consider distancing itself from Jim Cramer when his contract expires this year. Niel writes, “At much higher valuations, TheStreet attracted the attention of two activist investors (Cannell Capital and Spear Point Capital). Despite very interesting campaigns (which entailed some hilarious letters to management), […]
The decline of TheStreet.com
Samanatha Masunaga of The Los Angeles Times writes about TheStreet.com, which could be delisted and closed at 84 cents a share on Wednesday. Masunaga writes, “By December 2007, TheStreet’s shares were still trading at $15.92. At the time, plenty of businesses were willing to pay to get financial information. “‘All the financial services did well,’ said […]
TheStreet receives delisting warning
Financial news site TheStreet.com received a warning that its stock will be delisted from NASDAQ if it is unable to raise the price above $1 in the next six months. In a Securities and Exchange Commission filing, the New York-based company said the minimum bid price of its stock on the NASDAQ has closed below $1 […]
TheStreet.com seeks senior data editor
TheStreet Inc. is seeking a Senior Data Editor to build and international team of data journalists. This entrepreneurial journalist will be tasked with creating news and special reports around unique data tied to board rooms and corporate cultures. This role will work across business units and multiple revenue streams as well as every area of the […]
Murphy promoted to editor in chief of TheStreet
Tara Murphy, who had been named managing editor of TheStreet.com earlier this year, has been promoted to editor in chief. The previous editor in chief, Jeffrey Kanige, lasted in the role less than a year and was laid off earlier this fall. In this expanded role, Murphy will lead editorial operations for the company’s portfolio of […]
TheStreet names Ireland its chief technology officer
TheStreet.com, announced Monday that company veteran Cameron Ireland has been promoted to chief technology officer. Ireland will lead all technology and development operations across TheStreet’s portfolio of institutional and consumer finance brands. Ireland has served as chief technology officer for TheStreet’s institutional platforms since 2014, when the company purchased BoardEx, a London-based relationship management company, […]
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 […]
TheStreet falls short on third-quarter revenue
Financial news and information company TheStreet.com reported third quarter earnings that beat Wall Street estimates but fell short on revenue. The New York-based company reported a net loss of $1.2 million, or a loss of 3 cents per share, in the quarter, and revenue of $15.2 million, a 9 percent decrease from the same quarter […]
