At the intersection of Wall and Broad

Debra Borchardt of TheStreet.com worked in the securities business for almost 20 years, spending 15 of those years at Bear Stearns. Borchardt’s work experience covered such diverse areas as equities, fixed income and mutual funds with her last position in the clearing side of the business vetting money managers. During her Wall Street years, she […]

TheStreet.com and the financial advisors that read it

TheStreet.com has more readers who are certified financial advisors than any other financial-media Web site, according to the most recent research from comScore Media Metrix. A story on TheStreet.com states, “TheStreet, the publisher of this Web site, also ranked first among high-net-worth investors and business decision makers, comScore said in its November report, the latest […]

SEC charges TheStreet.com with accounting fraud

The Securities and Exchange Commission charged digital financial media company TheStreet.com and three executives for their roles in an accounting fraud that artificially inflated company revenues and misstated operating income to investors. The SEC alleges that TheStreet Inc., which operates the website TheStreet.com, filed false financial reports throughout 2008 by reporting revenue from fraudulent transactions […]

TheStreet.com journalist linked to insider trading ring

Reed Albergotti of The Wall Street Journal writes Friday about how Michael Baron, a senior editor at TheStreet.com, has been tied to a sophisticated insider trading ring. Albergotti writes, “Mr. Baron — described in the complaint as a co-conspirator, or ‘CC-1,’ and as ‘a reporter at a financial news website’ — hasn’t been identified previously. […]

TheStreet.com acquires The Deal magazine

The Street.com announced Wednesday the acquisition of The Deal LLC, a media company primarily covering the mergers and acquisitions market, from private equity firm Wasserstein & Co. Michael Baron of TheStreet writes, “During a conference call, TheStreet disclosed the purchase price for The Deal was $5.8 million in cash and said it plans to discontinue […]

Be a business journalist, not a political blowhard

Doug Kass writes on Real Money, an online publication of TheStreet.com, about how some business journalists have turned into political commentators. Kass writes, “I have very strongly held political beliefs, but I feel as strongly that my platform in my diary on Real Money Pro is an inappropriate forum for me to deliver and voice […]

Update on TheStreet.com

Later this evening TheStreet.com CEO Elisabeth DeMarse and editor in chief Bill Inman will meet with investors and others at The W Hotel in New York to discuss the financial new website’s latest accomplishments and future aspirations. Talking Biz News asked Inman for an update on what’s happening on the editorial side since he took […]

TheStreet.com suspends dividend as it reports loss

TheStreet.com said it will suspend its third-quarter dividend as the online financial news company looks to cut costs and also reported its second-quarter loss widened slightly as revenue fell. Nathalie Tadena of Dow Jones Newswires writes, “TheStreet said the dividend suspension will result in quarterly savings of about $900,000. Chairman and Chief Executive Elisabeth DeMarse […]

Former TheStreet.com editor Hall to join The Blaze as managing editor

TALKING BIZ NEWS EXCLUSIVE Glenn Hall, who was ousted as editor in chief of TheStreet.com earlier this year, has been named managing editor of The Blaze. In his new role, Hall will oversee the day to day management and long term editorial planning of TheBlaze.com‘s editors and writers. He starts July 11. Scott Baker is […]