Leon Lazaroff of TheStreet writes, “Profit was $400,000, or one cent per share, compared to a two cent loss from a year ago. Shares of the New York-based media company closed Wednesday at $1.44.
“TheStreet reported $13.7 million in revenue from subscriptions, newsletters and other services, an increase of 17% from a year earlier. Advertising sales grew 2% to $3 million. Web site traffic rose 26% during the first nine months of 2015.
“TheStreet posted operating income of $629,000, compared to a loss of $494,000 from a year ago, and ended the third quarter with $30.3 million in cash and cash equivalents.
“‘The third quarter showed expected improvement in our business,’ TheStreet Chairman and CEO Elisabeth DeMarse said in a statement. ‘We continue to execute on our strategic plan, focusing on growth opportunities in business-to-business subscription revenues, while maintaining our footprint in consumer businesses.'”
Read more here.
Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…
Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…
In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…
Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…
Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…
Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…