TheStreet Lost $45.5 Million In ’09; But Ad Revs May Have Turned A Corner

Jim Cramer

Financial news site TheStreet.com may have finished the year with a loss of $45.5 million — compared with 2008’s $2.4 million profit — the company finally got a glimmer of hope of on the ad front. After six consecutive quarterly ad rev declines, Q4 sales were essentially flat with a meager 0.7 percent gain. That figure does not include the Promotions.com business, which was sold in January for $3.1 million. Since Jim Cramer’s TheStreet (NSDQ: TSCM) acquired interactive marketing and mobile agency Kikucall just before the end of the year, there was no mention about any impact that business might have had.

Comments have been disabled for this post