Press Release: 11/16/1999 - TheStreet

Press Release: 11/16/1999

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News Releases

FOR IMMEDIATE RELEASE

TheStreet.com and The New York Times Launch Joint Newsroom Breaking Financial News Stories to Appear on Both The New York Times on the Web and TheStreet.com Sites

New York, NY, November 16, 1999 -

The New York Times and TheStreet.com, Inc. (Nasdaq: TSCM), a leading Web-based provider of financial and investment news and commentary, announced today the launch of a joint newsroom designed to significantly expand the financial news coverage of

TheStreet.com

and

The New York Times on the Web

. Both sites will publish the news stories reported by the joint newsroom, and the stories will be available for free at both sites.

The stories generated by the joint newsroom will focus on breaking business news, personal finance and stock market coverage. They will complement the news and commentary produced by

TheStreet.com's

own editorial staff of approximately 75 reporters and editors and expand the updated financial news provided throughout the day on

The New York Times on the Web

. The stories are co-branded at both sites. Additionally, the two sites now share a range of news headlines, with stories from

TheStreet.com

available from the Times site, and Times business stories accessible from

TheStreet.com

.

The joint newsroom is headed by Jack Lynch, an Assistant Business News Editor of

The New York Times

, and currently includes approximately six reporters. Mr. Lynch reports to Joseph Lelyveld, Executive Editor of

The New York Times

, and Dave Kansas, Editor-in-Chief of

TheStreet.com

.

"The collaboration with TheStreet.com is part of a concerted effort to give our digital audience Times-quality updates on important stories during the day," said Mr. Lelyveld. "For business readers who track major news developments before and after the newspaper itself has gone to press, the joint newsroom -- under the direction of an experienced Times business editor -- should help make

The New York Times on the Web

the most reliable source of financial reporting throughout the day."

"Our joint newsroom with The New York Times, one of the most respected news organizations in the world, adds significantly to TheStreet.com's selection of free content in our new, robust, free area," said Thomas Clarke, Chief Executive Officer of

TheStreet.com

. "With our larger free front porch, we now offer even more coverage of breaking financial news to investors worldwide. In addition, the partnership exposes TheStreet.com brand to the nearly nine million registered users of The New York Times on the Web."

The New York Times Company (NYSE: NYT) is a diversified media company including newspapers, magazines, television and radio stations, and electronic information and publishing. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment. The Company, which had 1998 revenues of $2.9 billion, publishes The New York Times, The Boston Globe and 21 regional newspapers; publishes three magazines, including Golf Digest; and operates eight network-affiliated television stations and two New York City radio stations. The Company operates numerous Web sites, including nytimes.com, boston.com and winetoday.com as part of its Times Company Digital business unit. It also operates news, photo and graphics services as well as news and feature syndicates. The Company holds interests in one newsprint mill, one supercalendered paper mill and the International Herald Tribune S.A.S.

TheStreet.com, Inc. (Nasdaq: TSCM) is publisher of

TheStreet.com

, a leading Web-based provider of original, timely, comprehensive, and trustworthy financial news and commentary. TheStreet.com (

http://www.thestreet.com) was founded in 1996 and is based in New York City, with bureaus in San Francisco, Silicon Valley, and London.

TheStreet.com's

editorial team, with over 80 experienced financial journalists and two dozen outside contributors, publishes approximately 50 original news stories and commentaries every business day, including columns by James J. Cramer, Herb Greenberg, and Adam Lashinsky. TheStreet.com, Inc. has established strategic alliances with Yahoo!, America Online, The New York Times, Fox News Network L.L.C., Intuit, 3 Com, E*TRADE, DLJdirect and other leading companies.

TheStreet.co.uk

, a financial news site majority owned by TheStreet.com and intended for UK investors, will launch in early 2000.

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