TheStreet Announces SEC Settlement of 2008 and 2009 Accounting Issues

TheStreet Announces SEC Settlement of 2008 and 2009 Accounting Issues

NEW YORK, Dec. 18, 2012 (GLOBE NEWSWIRE) -- TheStreet, Inc. (Nasdaq:TST), a
leading digital financial media company, today announced that it had reached a
settlement with the United States Securities and Exchange Commission (SEC),
without admitting or denying allegations of any wrongdoing, which concludes
the SEC's investigation of accounting issues at TheStreet. This settlement
relates to accounting matters in 2008 and 2009. TheStreet has previously
corrected for the effects of these matters in financial statements filed with
the SEC in February 2010. No further corrections are required. Under the terms
of the settlement, TheStreet is not required to pay any monetary penalty and
agrees to comply with the federal securities laws.

"This settlement relates to accounting matters in 2008 and 2009 regarding our
former Promotions.com subsidiary, which was sold in December 2009, and
involved three former executives. TheStreet cooperated with the SEC over the
course of its investigation, and we conducted our own comprehensive review in
conjunction with the investigation. Upon learning of the irregularities, we
promptly reported the matter to the SEC. Under the terms of the settlement,
TheStreet is not required to pay any monetary penalties. We are pleased to put
this matter behind us," said Elisabeth DeMarse, TheStreet's CEO. "We are
committing to adhering to the highest standards of accounting and corporate
governance."

About TheStreet

TheStreet, Inc. is a leading digital financial media company that distributes
its content through online, social media, tablet and mobile channels. The
Company's network of brands includes: TheStreet, RealMoney, RealMoney Pro, The
Deal, Stockpickr, Action Alerts PLUS, Options Profits, MainStreet and
Rate-Watch. For more information on TheStreet's business, visit www.t.st. For
financial and business news, actionable trading ideas, stock quotes and more,
visit TheStreet.com, follow TheStreet on Facebook and Twitter, visit
TheStreet.mobi from your mobile device and access TheStreet through all major
tablet platforms. For more information on The Deal, visit www.thedeal.com.

The TheStreet, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=11420

CONTACT: Thomas Etergino
         Executive Vice President, Chief Financial Officer
         TheStreet, Inc.
         212-321-5234
         ir@thestreet.com
        
         Erica Mannion
         Investor Relations
         Sapphire Investor Relations, LLC
         415-471-2700
         ir@thestreet.com

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