TheStreet.com signed signed contributor and hedge fund manager Doug Kass to a new long-term, royalty-based agreement.
A story on its site states, “Kass, a longtime contributor to TheStreet’s network of sites, will shift to a compensation structure in which he will earn royalties based on the revenue derived from the company’s RealMoney Silver subscription service, from a salary-based pay structure.
“The new contract is effective Tuesday.
“‘We are excited to have Doug onboard as a marquee contributor,” said TheStreet’s CEO Daryl Otte, in a statement. ‘He is extremely well-respected throughout the industry and has an avid following, built on his mix of prescient investment calls and his highly entertaining market commentary, both here at TheStreet and through the prominent role he plays in the markets and other media.'”
Read more here. Talking Biz News reported earlier this year that the site struck a similar royalty payment deal with co-founder Jim Cramer.
