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Weak ad revenue leads to third-quarter shortfall at TheStreet.com

Online financial news provider TheStreet.com has warned that its third-quarter revenues will be less than expected, because of low advertising sales and delays in implementing a new business model.

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LONDON (Brand Republic) – Online financial news provider TheStreet.com has warned that its third-quarter revenues will be less than expected, because of low advertising sales and delays in implementing a new business model.

The company said, however, that its losses would be in line with forecasts. Analysts expect the losses to be 37 cents a share.

Chief executive Tom Clarke said the company would cut costs in order to meet earnings expectations. (Wall Street Journal)


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