TheStreet, Inc.NASDAQ
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  • Mon, Nov. 7, 10:14 AM
    • TheStreet (NASDAQ:TST) has promoted Cameron Ireland to be its chief technology officer.
    • Ireland has been CTO for the company's institutional platforms since coming over in the 2014 acquisition of BoardEx.
    • Previously he had been head of product development and information technology at Thomson Financial's E-Vote business unit, as well as holding a role in European financial services for Reuters.
    • He'll be based in London and report to CEO David Callaway.
    | Mon, Nov. 7, 10:14 AM
  • Tue, Nov. 1, 3:56 PM
    • TheStreet (NASDAQ:TST) is trading 12.2% lower today as its Q3 earnings report missed expectations with revenues that fell nearly 9% as subscription sales slipped.
    • The company swung to a per-share loss (on a GAAP basis) of $0.03 vs. a gain of $0.01 in the prior year. EBITDA of -$42,000 fell $0.9M and missed an expected gain of $340,000.
    • Revenue breakout: Business-to-business (includes The Deal, BoardEx, RateWatch), $7.22M (up 0.6%); Business-to-consumer, $7.998M (down 15.7%).
    • In the consumer-focused business, paid subscriptions fell 16% Y/Y to 65,100, a total that was down 6% Q/Q. Average revenue per subscription fell 1% Y/Y (but rose 2% sequentially).
    • Monthly churn was 4.8%, up from a year-ago 4.6% (but fell from Q2's 5.9%). Traffic visits rose 6% Y/Y and 2% Q/Q (Mobile traffic visits were up 107%; Desktop traffic visits down 30%).
    • Press Release
    | Tue, Nov. 1, 3:56 PM
  • Tue, Nov. 1, 9:01 AM
    • TheStreet (NASDAQ:TST): Q3 EPS of -$0.03 beats by $0.01.
    • Revenue of $15.2M (-8.8% Y/Y) misses by $0.87M.
    • Press Release
    | Tue, Nov. 1, 9:01 AM
  • Tue, Sep. 13, 10:00 AM
    • TheStreet (TST +1.7%) has named Terri Smith chief marketing officer.
    • Previously, Smith was group associate publisher of marketing at Meredith Corp. She's also had experience with Condé Nast and The New York Times.
    • Smith gets an inducement award for joining, consisting of an option to buy 150,000 common shares with an exercise price of $1.15/share (yesterday's closing price). Those options vest over three years with a seven-year term; one-third vests in one year and the rest in monthly increments.
    • "Terri brings exceptional marketing expertise to TheStreet," says CEO David Callaway. "Her leadership and experience will be key assets as we build our new branding strategy."
    | Tue, Sep. 13, 10:00 AM
  • Mon, Aug. 1, 4:04 PM
    • TheStreet (NASDAQ:TST): Q2 EPS of -$0.03 in-line.
    • Revenue of $16.3M (-4.9% Y/Y) misses by $0.44M.
    • Press Release
    | Mon, Aug. 1, 4:04 PM
  • Fri, Jun. 24, 3:00 PM
    • Gainers: TST +9%. LTRX +5%.
    • Losers: TI -20%. [[TI-A]] -19%. VMEM -18%. BT -18%. TEF -18%.
    | Fri, Jun. 24, 3:00 PM | 1 Comment
  • Thu, Jun. 9, 8:12 AM
    • David Callaway, editor-in-chief of USA Today (NYSE:GCI), has been appointed chief executive of TheStreet (NASDAQ:TST).
    • He will take over interim CEO Larry Kramer, who will step down and resume his position as non-executive chairman of the board.
    • Both changes will be effective early July 2016.
    | Thu, Jun. 9, 8:12 AM
  • Mon, May 9, 8:06 AM
    • TheStreet (NASDAQ:TST): Q1 EPS of -$0.10 misses by $0.03.
    • Revenue of $16.07M (-4.9% Y/Y) misses by $0.75M.
    | Mon, May 9, 8:06 AM | 2 Comments
  • Fri, Apr. 15, 5:32 PM
    • TheStreet (TST -4.9%) -- continuing to search for a CEO after Elisabeth DeMarse's departure -- says in a filing that it's nominated Larry Kramer (chairman and interim CEO) to stand for election in a three-year term as a Class II director, in order to rebalance director classes.
    • Kramer would resign his Class I position to take the new designation.
    • The company also nominated Keith Hall for a three-year slot as Class II director -- with Hall and Kramer serving as the company's preferences vs. those of Spear Point Capital Management, which proposed two nominees.
    • That notice didn't comply with bylaws, but TheStreet says it still interviewed the candidates and determined that Kramer and Hall were still its best choices.
    • TheStreet also updated its corporate governance guidelines, saying it intends to keep separate the positions of chairman and CEO, and eliminate the lead independent director position.
    • Now read TheStreet Looks Cheap, But It Also Looks Out Of Options »
    | Fri, Apr. 15, 5:32 PM | 1 Comment
  • Tue, Mar. 22, 5:04 PM
    • TheStreet (NASDAQ:TST) has named Margaret de Luna president of TheStreet.com, its consumer-facing business.
    • She'll take the role effective March 31, and have responsibility for all of the company's consumer business, including subscription products and sites as well as the flagship website. She's getting an inducement award in options to purchase 150,000 shares, vesting over three years.
    • The move follows more than 10 years at MarketWatch in managerial roles for de Luna, and near 20 years in the media industry.
    | Tue, Mar. 22, 5:04 PM
  • Tue, Mar. 8, 4:15 PM
    • TheStreet (TST +2.3%) posted Q4 earnings where it beat expectations on a narrower net loss, though subscription revenues shrank when excluding an acquisition.
    • EBITDA was $1.7M, up from the prior-year $1.1M and beating an expected $0.39M.
    • Net Revenue breakout: Subscription services, $13.4M (up 0.8%); Media, $3.6M (down 10.5%).
    • "This year we are investing in the business," says interim CEO Larry Kramer. "We will be launching new versions of our products and unveiling our newly expanded news operation that will be serving all of our businesses."
    • Conference call to come at 4:30 p.m. ET.
    | Tue, Mar. 8, 4:15 PM
  • Tue, Mar. 8, 4:03 PM
    • TheStreet (NASDAQ:TST): Q4 EPS of -$0.01 beats by $0.03.
    • Revenue of $17M (-1.6% Y/Y) misses by $0.39M.
    | Tue, Mar. 8, 4:03 PM
  • Tue, Feb. 23, 9:55 AM
    • TheStreet (TST -3.5%) says CEO Elisabeth DeMarse has resigned her post and board seat, effective immediately.
    • The company named its chairman, Larry Kramer, as interim president and CEO. The company has engaged a search firm to find a permanent replacement.
    • "We plan to continue to invest in new initiatives to make TheStreet a profitable media growth company with multiple revenue streams," Kramer says, adding that more details on plans will come in a conference call following earnings on March 7.
    | Tue, Feb. 23, 9:55 AM | 3 Comments
  • Mon, Jan. 25, 11:35 AM
    • TheStreet (TST -0.7%) has added Bowers Espy to its board, and named him to the Audit Committee.
    • Espy's spent more than 25 years in finance roles, including 12 years with Merrill Lynch.
    • CEO Elisabeth DeMarse pointed to Espy's experience with financial markets and mergers & acquisitions as an asset. Espy was co-head of the Depository Institutions M&A department at Merrill Lynch in 1993, before departing that firm in 1995 and becoming CFO of LinkShare.
    | Mon, Jan. 25, 11:35 AM
  • Wed, Jan. 20, 9:30 AM
    • TheStreet (NASDAQ:TST) has named Eric Lundberg its chief financial officer.
    • Lundberg is taking the permanent role from interim CFO Richard Broitman, who resumes his role as chief accounting officer.
    • Lundberg was recently CFO at ALM Media and has more than 20 years' experience in the media industry.
    • The board approved an equity award as an inducement: an option to purchase 650K shares of common stock at $1.36 (yesterday's closing price), over five years and vesting over four years.
    | Wed, Jan. 20, 9:30 AM
  • Dec. 22, 2015, 5:26 PM
    • Along with its recent split of the CEO and chairman roles, TheStreet (NASDAQ:TST) says in a filing that its chief business officer will pursue other opportunities.
    • Erwin Eichmann is leaving the company as of the end of the month, and ended his executive duties on Dec. 16. He'll act as a transition consultant through March 31, for $18,333/month.
    • Earlier, the company had named Larry Kramer its non-executive chairman, a role held by CEO Elisabeth DeMarse.
    • Previously: TheStreet names Kramer chairman; DeMarse to be CEO (Dec. 17 2015)
    | Dec. 22, 2015, 5:26 PM