The Deal
Monday, November 23, 
4:45 am

A new media deal the press forgot

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Cramer_Doll.jpgThe week has barely begun, but it's already a busy one in new media dealmaking. Amidst all the stories about Elevation Partners' purchase of a 40% stake in Forbes Media, Pearson's purchase of Britain's Mergermarket.com and The Huffington Post's $5 million venture financing, a smaller deal involving TheStreet.com was overlooked by most of the mainstream press. The Web site that Jim Cramer built is buying the ratings subsidiary of South Florida financial services boutique the Weiss Group. In the next month, the Weiss Ratings service, which tracks the risk-adjusted performance of more than 16,000 mutual funds and more than 6,000 stocks, will become known as TheStreet.com Ratings, but will maintain its Jupiter, Florida offices. The story didn't even appear in any mainstream business publications like the news of the other new media deals. A quick Google search shows that only the South Florida Business Journal and the Houston Chronicle bothered to cover the deal, and the Chronicle simply ran an AP story. Of course, if there weren't so many higher-profile new media deals this week, then maybe other publications would have picked up this story. —Matthew Wurtzel

See story from South Florida Business Journal
See story from the Houston Chronicle
See story about Forbes from The Deal
See story about Mergermarkets from The Deal
See story about Huffington from VC Ratings

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