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 Plus and publishing his blog three times daily on Real Money.
The new agreement is effective Dec. 1, 2013, and will expire on Dec. 31, 2017.
“The Company greatly benefits from the many contributions of our founder, Jim Cramer, the most recognized personality in financial media and a true market savant,” said Elisabeth DeMarse, chairman, president and CEO of TheStreet, in a statement. “Jim Cramer’s continued commitment to TheStreet and eagerness to renew his contract for a longer period than the last agreement is strong validation of the strategic direction of the Company. Harnessing Jim’s digital rights enables our Premium Subscription division to drive greater revenue, expand our video offerings, and launch new products to support organic growth.”