By naming an executive vice president of mergers and acquisitions online financial and business news site TheStreet.com seems to be signaling that it’s looking to make deals to expand its operations.
Steven Elkes was named the New York-based company’s first chief revenue officer and executive vice president of mergers and acquisitions, according to this release.
“Steven’s skill set embodies the precise addition to our executive team necessary at this stage in our growth,” said Thomas J. Clarke, Jr., chairman and chief executive officer of TheStreet.com in the release. “Steven will immediately begin maximizing the many revenue opportunities created by our strategy shift to a more advertising supported environment. Additionally, he will embark upon an aggressive search for potential accretive acquisitions.”
Elkes most recently served as the chief financial officer of Azoogle (azoogleads.com), where he oversaw the financial, legal and human resources functions in addition to their M&A activities.
Prior to that, Elkes spent almost 10 years at iVillage, attaining the title of executive VP of business affairs and operations and chief financial officer.
The story, by Dennis Chaptman, stated, “Gasparino provides up-to-the-minute CNBC reports throughout the day as Wall Street trading unfolds. He often breaks news on major issues involving corporate America.
“For more than a quarter of a century, we’ve covered South Florida’s business community. We’ve chronicled its growth and reported on the arduous times, as well. Today, we give our readers a new, bold look – one that illustrates South Florida’s changing and sophisticated marketplace,â€? Business Journal publisher Gary Press said in the release.
Gelfand wrote, “Their acknowledged friendship seemed embarrassing two weeks ago when Fortune’s website without shame placed Loomis’ byline and her Fortune title on a story about the Berkshire Hathaway annual report.
Produced jointly by Dow Jones Newswires and ABQ Zawya, ZDJ is the English and Arabic-language news service covering the Middle East’s financial markets.
CFBN will be managed by Newsroom Productions thru its division CBN (Canada’s Business Network), a Toronto-based radio syndication company that currently produces content for radio stations across the country including “The Fred Ketchen Report” and “Weekends with Sheila Copps.”
Mitra wrote, “The conventional media business has been facing stiff competition from the online media for the past few years, which has resulted in a steady decline in newspaper circulation and print advertising revenues. Dow Jones changed its organizational structure in early 2006 to cope with the changing market scenario. It reorganized its reporting structure from channels of distribution – print, electronic and community to a more market and customer oriented structure of consumer media, enterprise media and local media, which will allow the company to leverage its strong branding.