TheStreet beats Wall Street expectations in second quarter
Financial news service TheStreet.com reported second-quarter earnings and revenue that were better than analyst expectations. The company reported net income of $344,744, or 1 cent per share, up from a loss of $1.2 million, or a loss of 3 cents per share, in the same quarter in 2016. Analysts were expecting a loss of 2 […]
Feuerstein remembers how TheStreet changed business journalism
Biotech reporter Adam Feuerstein, who is leaving TheStreet.com after 16 years to join STAT, writes about how the financial news site changed business journalism. Feuerstein writes, “More than anything, I wanted very badly to work for Jim Cramer and TheStreet.com. Cramer, the frenetic former hedge-fund manager was re-inventing financial journalism for the web. Remember, this […]
Cramer survives shareholder uprising at TheStreet
Jim Cramer, the perspicacious host of CNBC’s “Mad Money” and the co-founder of The Street.com, has survived an uprising by a disgruntled shareholder at his financial news company, reports Keith Kelly of the New York Post. Kelly writes, “But shareholders at last week’s annual meeting sided with The Street’s nominees over Cannell’s people. “But that doesn’t mean […]
TheStreet’s Feuerstein leaving for STAT
Adam Feuerstein, who has covered biotech companies for TheStreet.com for most of the past 15 years, resigned on Monday to accept a job at STAT. He will also cover biotech for STAT, which is owned by the Boston Globe and covers health care news, as a national biotech columnist. He starts June 19. “As for […]
TheStreet investor urging others to vote against company directors
A large investor in TheStreet.com has asked other investors to vote against the financial news company’s director candidates and management proposals at its annual meeting, according to a filing with the Securities and Exchange Commission. J. Carlo Cannell operates Cannell Capital, which owns 3.4 million shares, or 9.5 percent, of TheStreet. In his filing, Cannell […]
TheStreet hires two new reporters
Financial news site TheStreet.com has hired two new reporters — one to cover bankruptcy and distressed situations and another to cover activist investors. Stephanie Gleason has been hired to cover bankruptcy and distressed companies. She previously worked as a reporter for The Wall Street Journal covering the same topics since 2011. Prior to that, Gleason […]
TheStreet.com editor Murphy has resigned
Tara Murphy, the editor of TheStreet.com, has resigned from the financial news site to pursue other interests. “We loved her and are sorry to see her go, but will begin looking both internally and externally for a replacement,” said CEO David Callaway in an email to Talking Biz News. Murphy was hired as managing editor […]
TheStreet has added new advertisers
TheStreet.com CEO David Callaway made the following comments during the financial news site’s first-quarter earnings conference call: Advertising was both above budget and ahead of last year’s first quarter which began as you right might remember with a huge market scare out of China and led to higher traffic last year. New advertisers like CME […]
TheStreet reports lower loss after cutting expenses
Financial news site TheStreet.com reported Tuesday a lower first quarter loss than a year ago due to cutting expenses, meeting Wall Street expectations. The New York-based company reported a loss of $1.2 million, or 3 cents per share, compared to a loss of $3.4 million, or 10 cents per share, in the same quarter a […]
TheStreet CEO Callaway paid $718,000 in 2016 compensation
David Callaway, who became the chief executive officer of TheStreet.com last July, was paid $718,859 in compensation from the financial news site in 2016, according to a filing with the Securities and Exchange Commission. Callaway was paid a salary of $244,493. His contract calls for a base salary of $500,000 for a year. In addition, […]
