TheStreet.com's road to riches hits financial potholes
Article Abstract:
TheStreet.com, based in New York, NY, starts offering free content in a two-pronged strategy, which requires a main, free site that will generate most of its revenue from advertisements. Another offering is more specialized and will be available only to subscribers for a fee of $200. In the past, the online investment news provider depended entirely on subscribers who paid $100 per year. The change to relying more on advertisement revenue could determine TheStreet's long-term survival.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
Stormy side of TheStreet: web site cuts jobs, costs
Article Abstract:
TheStreet.com has announced the reduction of about 20% of its workforce in an effort to reduce overhead. The financial news web site, founded by hedge fund manager James Cramer, made the announcement on Nov 16, 2000. TheStreet.com CEO Thomas Clarke also revealed that, aside from cutting 40 jobs in the US, the company has also decided to discontinue its operations in the UK as well abandon a proposed joint venture with 'The New York Times' newspaper.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
Tech firms rush to enter interactive TV race
Article Abstract:
High-technology companies are scrambling to be among the first providers of interactive TV services and equipment. The trend, which is seen as the biggest-ever innovation in TV viewing since the introduction of the VCR and the remote control, is sprouting a number of cross-industry alliances and partnerships. These include AOL's alliance with Philips Electronics and Sony through TiVo and Microsoft's similar deal with Thomson's RCA and DirecTV.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Net companies look to foreign partners. Terra, Lycos to merge in $12.5B deal. Verisign acquiring Network Solutions
- Abstracts: Parts shortage makes Palm computers hard to find. Tech sales slow down overseas. Dot-coms without plans die
- Abstracts: Airline merger carries pros, cons for fliers. Future of DC Air hazy after new offer. Other airlines may bid for parts of TWA
- Abstracts: FCC to give new phone firms a boost. Proposed ruling could limit tapes of TV broadcasts. FCC cuts phone charges
- Abstracts: Chrysler again runs low on financial fuel. GM to stop production of slow-selling Riviera. Safety group desperately seeking Cruiser to crash