Business and financial news web site TheStreet.com reported fourth-quarter profits that were more than double the same quarter in 2005, according to an AP story about the earnings.
“Analysts polled by Thomson Financial forecast 13 cents per share profit on $14 million revenue.
“TheStreet.com makes money by booking subscriptions to its investment news Web site and running advertisements. The company said it is looking for more ways to deliver advertising revenue by expanding the site.
“In the fourth quarter, Chief Executive Thomas Clarke Jr. said the company boosted ad revenue via ‘more content initiatives such as TheStreet.com TV and TheStreet.com Ratings on our free site.’
“Advertising revenue in the fourth quarter rose 49% to $4.8 million. Subscription revenue rose 36% to $8.8 million.”
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…