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.com foundation to fund investigative biz journalism
Financial news site TheStreet.com announced Thursday that it is launching a foundation that will fund investigative financial journalism. A story on its website states, “TheStreet will provide funding to the Foundation for its financial literacy initiatives. ‘Our mission is to channel Wall Street dollars to help solve Main Street problems by providing individuals and communities […]
TheStreet.com names new editor in chief
Janet Guyon has been named editor in chief of TheStreet.com website, replacing Bill Inman, who is leaving to pursue other opportunities. Guyon joins TheStreet from Investopedia, where she has served as managing editor. Before that, Guyon worked at Bloomberg News for four years, managing Bloomberg.com and editing “Top” news. Guyon has more than 18 years’ […]
The Street TV honored with Webby Award
TheStreet TV has been named an official honoree in the Best News & Information Channel category in the 18th Annual Webby Awards. The Webby Awards, presented by the International Academy of Digital Arts and Sciences, is the leading international award honoring excellence on the Internet. TheStreet TV is TheStreet’s digital video channel that offers viewers […]
How financial news websites pay their contributors
Ricardo Bilton of Digiday writes about how some financial news sites are recruiting and paying contributors for their content. Bilton writes, “Financial News site The Street is a relative newcomer to the contributor network game. Since introducing its writers program two months ago, it has attracted 100 writers, a number it hopes to triple by […]
TheStreet.com to pay contributors based on page views
TheStreet.com is expanding its contributor platform to deepen its coverage of markets as well as to expand the breadth of topics covered by the web site. “While our principal focus is stocks and bonds, we’re looking for commentary, opinion and news about the most engaging, important and compelling companies and businesses in both the U.S. […]
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 […]
TheStreet.com reports fourth-quarter profit
TheStreet.com, which operates a series of financial news sites, reported a fourth-quarter profit of nearly $213,000 compared to a loss of $2.2 million in the same quarter of 2012. Revenue in the fourth quarter of 2013 was $14.8 million, an increase of 7.1 percent from $13.8 million in the prior year period. Subscription services revenue […]
TheStreet.com to sponsor “Nightly Business Report”
TheStreet.com announced Wednesday that it will sponsor the public television show “Nightly Business Report” during the first quarter of the year. The sponsorship will span 62 episodes through March 31, each featuring two 15-second funding credits at the beginning and end of the show. “The first quarter of the new year will undoubtedly be an […]
Investor vows to shake up TheStreet.com
Activist investor Spear Point, after failing to persuade TheStreet.com to force Jim Cramer to write exclusively for the website, vowed Tuesday to continue the fight to shake up the company. Josh Kosman of The New York Post writes, “Ron Bienvenu, CEO of the activist hedge fund, told The Post he is considering a proxy fight […]
