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FOR IMMEDIATE RELEASE

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Sandra Lee TheStreet.com 212.321.5493

NEW YORK, February 14, 2002 - TheStreet.com, Inc (Nasdaq: TSCM ), a leading multimedia provider of financial commentary, analysis and news, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2001.

The Company's pro forma net loss, excluding asset impairment, restructuring expenses, goodwill amortization, gain (loss) on disposal of discontinued operations, and noncash compensation expense, was ($4.6) million, or ($0.19) per share for the fourth quarter 2001, comparing favorably to ($5.6) million, or ($0.20) per share for the same period last year. Excluding the above charges, in addition to a termination fee and severance expense, pro forma net loss for the full year of 2001 was ($22.6) million, or ($0.87) per share, comparing favorably to ($40.5) million, or ($1.55) per share for the full year 2000. The net loss and net loss per share under generally accepted accounting principles was ($6.2) million and ($0.26) for the quarter and ($29.2) million and ($1.12) for the year, compared favorably with ($24.6) million and ($0.90) for the fourth quarter and ($62.0) million and ($2.37) for the full year of 2000.

"We are proud of the fact that we were able to increase our subscription revenue for the third consecutive quarter, despite the challenges posed by the recession and the aftermath of the Sept. 11th tragedy," said Thomas J. Clarke, Chairman and Chief Executive Officer of TheStreet.com. "Our new products generate average annual revenue per subscriber of more than $500, which is more than three times our total average annual revenue per subscriber."

To more fully explain the trends of the business, the Company will now be reporting bookings on a quarterly basis. Bookings is defined as the total dollar amount of subscription product sales. In the fourth quarter of 2001, subscription bookings totaled $2.2 million, an increase of 23% over the third quarter.

Operating Results Improve

Subscription revenue for the fourth quarter of 2001 totaled $2.6 million, a 12% increase from the third quarter of 2001 and a 27% increase from the same period last year. Advertising revenue for the fourth quarter of 2001 totaled $1.0 million, an increase of 15% from the third quarter of 2001.

Operating expenses, net of restructuring expenses, asset impairment and the Go2Net settlement charge, totaled $7.5 million, a 6% decrease from last quarter of $8.1 million and a decrease of 20% from the same period of last year of $9.4 million. Excluding the above charges, in addition to severance expense, for the full year of 2001 these expenses totaled $34.1 million, a 30% decrease from full year 2000 of $49.0 million. Cash, restricted cash and short-term investments as of December 31, 2001 totaled approximately $34 million.

TheStreet.com reached agreement with News Corporation on the assignment of the Company's advertising spending commitment to a third party. This commitment, originally agreed to in May 1999 in connection with News Corporation's investment in the Company's initial public offering, required TheStreet.com to spend a total of $3.2 million advertising with News Corporation-owned media properties over a four-year period. TheStreet.com was able to assign the approximately $2.7 million remaining on this commitment for $0.50 on the dollar.

Clarke stated, "We are pleased to have been able to extricate ourselves from another obligation left over from previous management. This, along with the agreement we reached in October to substantially reduce our principal office lease obligation, represents closure this quarter of two onerous deals that have weighed on the Company. With a strong balance sheet, practically no debt, and a leaner operating environment, we now can focus all of our energy on revenue-generation."

Subscription Business

The Company strengthened its efforts in providing proprietary, value-added subscription-based products in 2001. The Company launched six subscription products in 2001. Each product has been accretive from its launch, and two of the six products currently have an annualized run rate of more than $1 million. In addition, the average annual price paid per subscriber for these new products as of December 31, 2001 is more than $500.

Clarke stated, "These trends have become even stronger in only the first month and a half of this year with the launch of two new subscription products, and a pipeline containing several more. Most recently, we launched RealMoneyPro, a professionally-oriented subscription site comprised of a virtual community of investment professionals who share their market insights and reactions in real-time. RealMoneyPro, with an introductory price of $2,200 annually, saw 174 paid subscribers sign up on the first day of launch. We have found that the institutional market space is far less reluctant to pay high price points on the Web for financial content because it can be soft-dollared."

Q4 2001 Business Highlights

• The Company entered into an expanded agreement with Yahoo! to offer consumers select commentary and analysis from RealMoney on Yahoo! Finance. Users can choose between two subscription packages, RealCommentary Gold and Silver.
• The Company entered into a subscription-based content alliance with CBS Marketwatch to offer consumers selected premium headlines from RealMoney.com on the Marketwatch site. Additionally, TheStreet.com's subscription-based products are offered for opt-in registration in MarketWatch.com's "Membership Center."
• RealMoney with Jim Cramer, a daily financial radio show nationally syndicated by Premiere Radio Networks, continues to attract a wider listener base. The show is now heard on 34 stations across the country, including five of the top-ten radio markets -- Los Angeles, San Francisco, Boston, Washington D.C., and Philadelphia. The Company also offers a streaming audio feed of the show to subscribers of its RealMoney and RealMoneyPro sites.

TheStreet.com will conduct a conference call today, February 14, at 11:00 a.m. EST to discuss these results. The Company welcomes all interested parties to listen to the Web cast of its call at: http://www.thestreet.com/tsc/ir/conferencecalls.html.

About TheStreet.com, Inc.

TheStreet.com, Inc. (Nasdaq: TSCM) is a eading multimedia provider of original, timely, insightful and trustworthy financial commentary, analysis and news. TheStreet.com brand is built on our best-in-class editorial team of experienced financial commentators and journalists. On the Internet, our free, flagship web site, TheStreet.com, is accompanied by our premium, subscription-based site, RealMoney.com, and our professionally-oriented subscription site called RealMoneyPro. In addition, our content is also available across diverse product and media offerings, including print, radio, books and conferences, and our strategic relationships with leading media, technology and financial services companies further assist us in leveraging our content and products.

Statements contained in this news release not related to historical facts may be deemed forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties (described in the Company's SEC filings) which could cause actual results to differ.