TheStreet (TST) Names Elisabeth DeMarse as New CEO
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In addition to reporting fourth quarter results tonight, TheStreet (NASDAQ: TST) named Elisabeth DeMarse as Chief Executive Officer and President.
Ms. DeMarse previously served as CEO of Bankrate and CreditCards.com, both which witnessed growth with her at the helm.
"TheStreet has a fantastic collection of assets," said Ms. DeMarse. "It is a pioneer in the field with a strong and recognized brand and has a unique position as a nimble, independent, purely digital player in a high-value media vertical. Moreover, the Company immensely benefits from the many contributions of its founder and director, Jim Cramer, a true market savant who is certainly the most recognized personality in financial media. The demand for trusted financial information, news and advice has never been stronger. TheStreet's strong balance sheet, plus the favorable operating characteristics of the subscription and media models, are a winning platform for growth and delivering shareholder value."
The financial website posted a loss of $0.08 per share in the fourth quarter, wider than the year ago loss of $0.06 per share last year. Revenue for the quarter came in at $14.27 million, versus $14.69 million reported last year.
Ms. DeMarse previously served as CEO of Bankrate and CreditCards.com, both which witnessed growth with her at the helm.
"TheStreet has a fantastic collection of assets," said Ms. DeMarse. "It is a pioneer in the field with a strong and recognized brand and has a unique position as a nimble, independent, purely digital player in a high-value media vertical. Moreover, the Company immensely benefits from the many contributions of its founder and director, Jim Cramer, a true market savant who is certainly the most recognized personality in financial media. The demand for trusted financial information, news and advice has never been stronger. TheStreet's strong balance sheet, plus the favorable operating characteristics of the subscription and media models, are a winning platform for growth and delivering shareholder value."
The financial website posted a loss of $0.08 per share in the fourth quarter, wider than the year ago loss of $0.06 per share last year. Revenue for the quarter came in at $14.27 million, versus $14.69 million reported last year.
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