Please replace the release dated September 22, 2011 with the following corrected version due to multiple revisions.

The corrected release reads:

THESTREET AND FREEDOM COMMUNICATIONS ENTER STRATEGIC CONTENT-DISTRIBUTION AGREEMENT

TheStreet to Power National Business, Personal Finance, and Financial Markets Coverage for Freedom Communications’ Nationwide Network of Online News Sites and Newspapers

TheStreet, Inc. ( Nasdaq: TST ( TheStreet)), a leading digital financial media company, and Freedom Communications, Inc., owner of The Orange County Register and more than 100 other newspapers, magazines, broadcast stations and Web sites, today announced that they have entered into a strategic content-distribution alliance.

Under the agreement, TheStreet will power the national business, financial markets and personal finance coverage at Freedom Communications’ major online news sites and print publications. TheStreet network publishes more than 3,000 original articles and more than 500 unique videos each month that will be available for Freedom Communications to integrate into its individual news hubs using a fully customizable digital syndication system developed by TheStreet.

“TheStreet is excited to be working with Freedom Communications to enhance their outstanding local business coverage with our award-winning national and international financial news and analysis,” said Daryl Otte, CEO of TheStreet. “This alliance will create a powerful combination of independent, original reporting that will broaden the online and print content offered through Freedom Communications’ channels and expand the reach of TheStreet into new markets, creating value for both our businesses.”

The alliance will kick off with The Orange County Register, the flagship newspaper of the Freedom Communications network, and will quickly expand to include more than 40 newspapers across the U.S.

“The economy and financial markets have inspired an even stronger interest in business news, and this partnership with TheStreet satisfies readers' desire to stay informed of larger trends that might influence our investments or professional lives locally," said Mark McEachen, EVP, COO and CFO at Freedom Communications. "TheStreet is a perfect complement to our locally focused journalism, and we are excited that Freedom's newspapers and digital mediums will now offer an even more robust collection of information from one of the most respected financial and business news sources."

About TheStreet, Inc.

TheStreet, Inc. is a leading digital financial media company that distributes its content through online, social media, tablet and mobile channels. The Company's network of brands include: TheStreet, RealMoney, RealMoneyPro, Stockpickr, Action Alerts PLUS, Options Profits, ETF Profits, Chat on TheStreet, MainStreet and Rate-Watch. For more information on TheStreet’s business, visit www.t.st. For financial and business news, actionable trading ideas, stock quotes and more, visit TheStreet.com via your web browser, follow TheStreet on Facebook and Twitter, visit TheStreet.mobi from your mobile device and access TheStreet through all major tablet platforms.

About Freedom Communications

Headquartered in Irvine, Calif., Freedom Communications, Inc. is a national privately owned information and entertainment company of print publications, broadcast television stations and interactive businesses. The company's print portfolio includes more than 100 publications, including 27 daily newspapers, weekly newspapers, magazines and other specialty publications. The broadcast stations – five CBS, two ABC network affiliates and one CW affiliate – reach more than 3 million households across the country. Freedom's news, information and entertainment websites and mobile applications complement its print and broadcast properties.

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