P-E firm Spear Point wants to put TheStreet (TST +1.5%) in play and is setting itself up as a...

|By:, SA News Editor

P-E firm Spear Point wants to put TheStreet (TST +1.5%) in play and is setting itself up as a bidder, but it doesn't like TST's ownership structure, saying it creates an overhang that makes execution difficult, CNNMoney reports. TST revenues are down nearly 30% since 2008, but Spear thinks it can reinvigorate the brand by cutting costs and taking it out of the public markets.