NEW YORK, Sept. 12, 2016 /PRNewswire/ -- TheStreet,
Inc. (NASDAQ: TST), a leading financial news and information
company, today announced the appointment of Betsy L. Morgan to its Board of Directors,
effective immediately. Ms. Morgan has also been appointed to the
Audit Committee and the Nominating and Governance Committee of the
Board of TST. With the addition of Ms. Morgan, an independent
director, the Board now has five of its seven directors whom are
independent, a substantial majority of the Board.
"We are excited to welcome Betsy to the Board of Directors here
at TheStreet," said Larry Kramer,
Chairman of the Board. "We believe Betsy's background leading
digital media, subscription and original content businesses will
benefit TheStreet and our shareholders as we continue to execute on
our business plan to be the leading financial information resource
for investors and advisors while also creating shareholder
value."
Ms. Morgan, 48, is currently an Executive in Residence at
Liontree Advisors, LLC, an advisory firm focused on technology,
media and telecommunications. Prior to joining LionTree, Ms. Morgan
served as CEO of TheBlaze Inc., a multi-platform network delivering
news, information and entertainment. She joined TheBlaze in 2011 as
President and Chief Strategy Officer. Ms. Morgan also served as the
first CEO of The Huffington Post, where she led the award winning
site to rapid audience and revenue growth. Prior to The Huffington
Post, she spent ten years at CBS as Senior Vice President for CBS
Interactive and the General Manager of CBSNews.com. Under Ms.
Morgan's leadership, CBSNews.com's excellence was recognized with
several industry awards. She is currently on the Board of Directors
of Chartbeat, a web analytics company and CommerceHub, a provider
of hosted integration, drop ship fulfillment, and product content
management for multi-channel e-commerce merchants. Ms. Morgan holds
a BA in Political Science and Economics from Colby College, where she currently serves on the
Board of Trustees, and an MBA from Harvard
Business School.
Woody Marshall, General Partner
at TCV, said: "We are delighted that Ms. Morgan has joined the
Board of Directors at TheStreet. We believe her background,
experience and network are well aligned with the company's
objectives."
Commenting on her appointment, Ms. Morgan said, "I am honored to
serve on the Board of TheStreet at an exciting time of positive
transition. I look forward to working collaboratively with rest of
the Board to help position TheStreet to take advantage of
opportunities to execute its business plan and create value for all
shareholders."
About TheStreet
TheStreet, Inc. (www.t.st) is a leading independent digital
financial information services company providing business and
financial news, investing ideas and analysis to personal and
institutional investors worldwide. The Company's portfolio of
business and personal finance brands includes: TheStreet,
RealMoney, Action Alerts PLUS and MainStreet. To learn more, visit
www.thestreet.com. The Deal, the Company's institutional
business, provides intraday coverage of mergers and acquisitions
and all other changes in corporate control, and through its BoardEx
product, director and officer profiles. To learn more, visit
www.thedeal.com and www.boardex.com. RateWatch provides rate and
fee data from banks and credit unions across the U.S. for a wide
variety of banking products. To learn more, visit
www.rate-watch.com
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of
1995. These forward-looking statements include statements
regarding planned investments in our business, improved premium
subscription products and expectations for 2016. Such
forward-looking statements are subject to risks and uncertainties,
including those described in the Company's filings with the
Securities and Exchange Commission ("SEC") that could cause actual
results to differ materially from those reflected in the
forward-looking statements. Factors that might contribute to
such differences include, among others, economic downturns and the
general state of the economy, including the financial markets and
mergers and acquisitions environment; our ability to drive revenue,
and increase or retain current subscription revenue, particularly
in light of the investments in our expanded news operations; our
ability to develop new products; competition and other factors set
forth in our filings with the SEC, which are available on the SEC's
website at www.sec.gov. All forward-looking statements
contained herein are made as of the date of this press
release. Although the Company believes that the expectations
reflected in the forward-looking statements are reasonable, the
Company cannot guarantee future results or occurrences. The
Company disclaims any obligation to update these forward-looking
statements, whether as a result of new information, future
developments or otherwise.
Contact: Eric Lundberg, Chief
Financial Officer, TheStreet, Inc., ir at thestreet.com, or
John Evans, Investor Relations, PIR
Communications, 415-309-0230, ir at thestreet.com
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SOURCE TheStreet, Inc.