NEW YORK, June 15, 2016 /PRNewswire/ -- TheStreet, Inc. (NASDAQ: TST), a leading digital financial media company, today announced the launch of its custom media division, Blue Chip Content Studio. As a part of The Deal and TheStreet's institutional business, the advertising creative and strategy group will work with marketers to develop customized content fueled by BoardEx's proprietary database of board members and senior executives. Jeffrey Kanige will step aside as Editor-in-Chief to serve as creative director effective immediately, overseeing the new content initiative.
Blue Chip enables clients to tell their own story across platforms and media including digital, print and video, produced by a professional in-house studio for high-quality products. The studio will draw on a range of resources, including M&A data housed at The Deal and the relationship capital management services provided by BoardEx, the gold standard in the field. BoardEx maintains the largest, most accurate trove of information about deals, corporate directors and executives — a powerful asset that Blue Chip can put to work for its clients. Blue Chip can also develop custom events, ranging in size from conferences and seminars to breakfasts and other intimate gatherings. Although the studio is clearly delineated from TheStreet's editorial content, brand marketers at financial services companies choose Blue Chip because it is just as sophisticated and engaging as the organization's journalism.
This announcement comes on the heels of the recent appointment of former USAToday editor-in-chief David Callaway as Chief Executive Officer, and is further illustrative of TheStreet's commitment to investing in new initiatives to make it a profitable media growth company with multiple revenue streams.
Larry S. Kramer, Chairman of TheStreet, said: "We're excited to expand our content-centric strategy to include the creation of custom media for our brand clients, enabling them to leverage our talent and proprietary data to engage their constituents across multiple platforms. Jeff's lengthy experience with TheStreet and The Deal makes him the perfect content leader for the new division. Nobody understands our brand partners and the audience they're trying to reach on TheStreet and The Deal better than Jeff."
As head of content at the new studio, Kanige will be responsible for working with brands to develop and execute their customized content strategies. He has more than 17 years' experience at The Deal having joined the publication in 1999. Kanige has been a professional journalist for three decades, serving as a writer and editor for daily, weekly and monthly publications, as well as online outlets.
Kanige said: "Blue Chip Content Studios will partner with TheStreet and The Deal's brand clients to conceive, develop and deliver compelling content of a variety and caliber unavailable anywhere else. In my time at TheStreet and The Deal I've developed an intimate understanding of the challenges and pressures facing brands that rely on our audience to expand their businesses. I look forward to working with our partners to help them conceive and deliver unique, standout branded content that both reaches and engages influential and affluent business decision makers and investors."
Tara Murphy, currently managing editor, will assume control of TheStreet's editorial operations.
About TheStreet
TheStreet is a leading digital financial media company whose network of digital services provides users, subscribers and advertisers with a variety of content and tools through a range of online, social media, tablet and mobile channels. Our mission is to provide the most actionable ideas from the world of investing, finance and business in order to break down information barriers, level the playing field and help all individuals and organizations grow their wealth. With an unmatched suite of digital services, TheStreet offers all of the tools and insight needed to make the best decisions about earning, investing, saving and spending money.
About The Deal
The Deal is a media and technology company providing over 100,000 users with actionable ideas from its two services - The Deal & BoardEx. Law firms, investment banks, private equity firms and hedge funds use The Deal service to find their next deal and BoardEx to connect the dots between their organizations and clients. The Deal is a business unit of TheStreet, Inc. and has offices in New York, London, Washington, D.C., Petaluma, CA and Chennai, India. For more information, visit www.thedeal.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 management and board of directors' succession matters and planned investments in our business. Such forward-looking statements are subject to risks and uncertainties, including those described in the Company's filings with the Securities and Exchange Commission that could cause future actions, events, results or performance to differ materially from those reflected in the forward-looking statements. Differences may result from, among other things, actions taken by the Company or its management or Board, as well as those beyond the Company's control. Such risks and uncertainties include, but are not limited to, timing and integration of management and Board changes (and related arrangements) and changes in strategic and other business objectives. 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.
Press Contact:
Sarah Leibowitz
Sparkpr for TheStreet.com
Sarah.leibowitz@sparkpr.com
516.384.4531
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SOURCE TheStreet, Inc.
