Investor downplays criticism of Cramer
The investor who owns 8.9 percent of TheStreet.com and who wants co-founder Jim Cramer to either sell the financial news service or quit his job at CNBC to focus on TheStreet downplayed his letter to Cramer, reports Ed Hammond of The Financial Times. Hammond writes, “However, the activist said on Thursday that his preferred option […]
Cramer is never wrong, and that’s the problem
Fox Business Network‘s Charles Payne appeared on Varney & Co. Friday morning to criticize the stock picking of CNBC “Mad Money” host Jim Cramer in the wake of an activist investor asking Cramer to step down from CNBC or sell TheStreet.com. Payne said, “My biggest problem with Cramer, is … every single day he changes […]
Investor to Cramer: Resign from CNBC and reduce your salary, or sell TheStreet.com
Carlo Cannell, the head of Cannell Capital in Jackson, Wyoming, owns 8.95 percent of TheStreet.com. He has sent the following letter to TheStreet.com co-founder Jim Cramer, who also appears on CNBC as host of “Mad Money”: Mr. James J. Cramer Director TheStreet, Inc. 14 Wall Street New York, NY 10005 Cannell Capital LLC – that […]
CNBC viewership drops to lowest since 1997
Business news network CNBC’s viewership has dropped to its lowest level since 1997, reports Tyler Durden of ZeroHedge.com. Durden writes, “However, when one looks at the most recent CNBC ratings something odd emerges: either the ‘retail investor’ has found an alternative media outlet for getting their financial information during the day (or simply is tired […]
Cramer to Fox Business? “Highly unlikely”
Jim Cramer, the host of “Mad Money” on CNBC, responded on Twitter Friday to rumors about him moving to Fox Business Network, saying it was “highly unlikley.” A Marketwatch.com story noted, “The longtime CNBC host was fired from Fox News in 2000 after a contract dispute. “Fox Business denied the former hedge fund manager and best-selling author […]
TheStreet to pay Cramer $2.5 million in royalties in 2014
Financial news site TheStreet.com will pay co-founder Jim Cramer a royalty fee of $2.5 million in 2014, according to the company proxy statement filed Friday with the Securities and Exchange Commission. The company is paying Cramer $208,333 monthly this year to satisfy the royalty agreement, according to the proxy. He was paid $1.48 million in […]
TheStreet seeks acquisitions, contributing writers
The following comments were made by TheStreet.com chief executive officer Elisabeth DeMarse during the company’s fourth-quarter conference call on Thursday: We continue to aggressively search for attractive targets. A recent study by BDO reported that pricing and availability of quality targets are top challenges for private equity funds in 2014. We too are finding that […]
Cramer signs new contract with TheStreet.com
TheStreet.com announced Tuesday it has entered into a new four-year agreement with Jim Cramer, the company’s co-founder and markets contributor. This agreement is one year longer than his previous contract, which was set to expire in December 2013. Cramer will continue his role as chief markets commentator for TheStreet.com, continue trading his multi-million dollar Charitable Trust portfolio at Action Alerts […]
TheStreet.com investor complains about Jim Cramer
Josh Kosman of The New York Post writes that an investor in The-Street.com claims the company’s co-founder and biggest name — TV stockpicker Jim Cramer — is the equivalent of an overpaid baseball slugger who has failed to deliver for shareholders. Kosman writes, “Private-equity firm Spear Point argued in its latest letter to the company’s […]
Cramer welcomes Greenberg back to TheStreet
TheStreet.com founder Jim Cramer writes Friday to welcome business journalist Herb Greenberg back to the company. Cramer writes, “With my persistence, Greenberg signed on. After that hire, I never doubted our success. Who could risk not reading Herb? Our slogan once Herb was hired was ‘Ignore us at your own risk.’ People couldn’t afford to. […]
