Categories: OLD Media Moves

Is TheStreet.com in play?

Ashkan Karbasfrooshan of the Seeking Alpha web site wonders if TheStreet.com is an acquisition target, potentially by NBC.

Karbasfrooshan wrote, “TheStreet.com has historically been too reliant on subscriptions, a revenue stream that in todayâ€™s advertising-obsessed environment might hurt its chances to fetch a hefty premium in an M&A. Of course, with Rupert Murdochâ€™s mammoth ambition and track record to make moves and act on them very fast, itâ€™s true that TheStreet.com might not be enough for CNBC to contain the oncoming train otherwise known as the Fox Business Channel.

“Then again, TheStreet.comâ€™s founder Jim Cramerâ€™s show is on CNBC, so that creates an interesting predicament for sureâ€¦

“And speaking of NBC, CEO Jeff Zucker is quick to state that CNBC need not worry too much (ie. an acquisition is not necessary), but if you are TheStreet.com, then you can rest assured that, maybe, just maybe, Rupert Murdoch might be eyeing your assets as it bolsters Wall Street Journalâ€™s online ambitions.”

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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.