TheStreet.com reported Thursday higher revenues and profits for the second quarter of the year and announced it would unveil a redesigned business news web site in 2008.
A story on the web site stated, “For the quarter ended June 30, TheStreet.com reported record revenue of $14.9 million, up from $12.4 million for the second quarter of 2006. The company’s three revenue streams contributed to the increase, with advertising revenue up 48% over the prior year, while subscription revenue rose by 2% and other revenue, comprised primarily of syndication revenue, climbed 197%.
“TheStreet.com provides financial commentary, analysis, research, news and financial ratings, and is the publisher of this Web site.
“‘This quarter further positioned TheStreet.com as a leader in the creation and distribution of a broadening category of financial content,’ said Thomas J. Clarke Jr., chairman and chief executive officer of TheStreet.com. ‘Looking forward our customers and advertisers can expect to see ongoing innovations at Stockpickr.com and TheStreet.com Ratings, the continued evolution of our multimedia offerings, and the relaunch of a completely redesigned TheStreet.com Web site in early 2008. All of these content initiatives reflect our commitment to create additional premium advertising inventory and sponsorship opportunities.'”
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