– USA, NY – TheStreet, Inc. (NASDAQ: TST), a leading financial news and information company, today announced the appointment of Betsy L. Morgan to its Board of Directors, effective immediately. Ms. Morgan has also been appointed to the Audit Committee and the Nominating and Governance Committee of the Board of TST. With the addition of Ms. Morgan, an independent director, the Board now has five of its seven directors whom are independent, a substantial majority of the Board.
“We are excited to welcome Betsy to the Board of Directors here at TheStreet,” said Larry Kramer, Chairman of the Board. “We believe Betsy’s background leading digital media, subscription and original content businesses will benefit TheStreet and our shareholders as we continue to execute on our business plan to be the leading financial information resource for investors and advisors while also creating shareholder value.”
Ms. Morgan, 48, is currently an Executive in Residence at Liontree Advisors, LLC, an advisory firm focused on technology, media and telecommunications. Prior to joining LionTree, Ms. Morgan served as CEO of TheBlaze Inc., a multi-platform network delivering news, information and entertainment. She joined TheBlaze in 2011 as President and Chief Strategy Officer. Ms. Morgan also served as the first CEO of The Huffington Post, where she led the award winning site to rapid audience and revenue growth. Prior to The Huffington Post, she spent ten years at CBS as Senior Vice President for CBS Interactive and the General Manager of CBSNews.com. Under Ms. Morgan’s leadership, CBSNews.com’s excellence was recognized with several industry awards. She is currently on the Board of Directors of Chartbeat, a web analytics company and CommerceHub, a provider of hosted integration, drop ship fulfillment, and product content management for multi-channel e-commerce merchants. Ms. Morgan holds a BA in Political Science and Economics from Colby College, where she currently serves on the Board of Trustees, and an MBA from Harvard Business School.
Woody Marshall, General Partner at TCV, said: “We are delighted that Ms. Morgan has joined the Board of Directors at TheStreet. We believe her background, experience and network are well aligned with the company’s objectives.”
Commenting on her appointment, Ms. Morgan said, “I am honored to serve on the Board of TheStreet at an exciting time of positive transition. I look forward to working collaboratively with rest of the Board to help position TheStreet to take advantage of opportunities to execute its business plan and create value for all shareholders.”
About TheStreet
TheStreet, Inc. is a leading independent digital financial information services company providing business and financial news, investing ideas and analysis to personal and institutional investors worldwide.
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