Street.Com Makes Curious Move Today
I read this morning that online Wall Street reportage giant street.com has hired an investment bank to look into strategic options for the company. Immediately, buyout speculation engulfed Wall Street. One reporter said
"The electronic publishing business has done pretty well for them in the last year," said Bill Martin, founder of RagingBull.com and publisher of the stock newsletter FindProfit.com. "The ad business has picked up, the subscription business has done well, and clearly ...this would seem to be a good time to look at their options."
The Street.com has been mired in the rumor mill ever since
CBS Marketwatch was snagged late last year by Dow Jones. Now, some are saying Yahoo could pursue Street.com, unlikely since their business models are not at all similar, right?
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