TheStreet and Jim Cramer Announce New 3-Year Deal

TheStreet.com, Inc. (Nasdaq: TSCM) today announced that the Company and founder and contributor Jim Cramer have entered into a new 3-year agreement. This new agreement, which commences January 1, 2011, provides Mr. Cramer with a royalty based on the revenue derived from the Company's Action Alerts PLUS subscription service which he authors, in lieu of a base salary and bonus. As with the prior contract, Mr. Cramer also will receive a grant of restricted stock units, which will vest over three years, subject to acceleration or forfeiture under various circumstances.