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AOL to Add Content From TheStreet.com to Service

April 21, 1998|From Times Wire Services

America Online Inc. said Monday that TheStreet.com, a Web site devoted to investment news, will provide financial information on the No. 1 online service as it expands its personal finance offerings.

Terms of the agreement weren't disclosed. America Online's 12 million members would receive a 20% discount off a $99.95-a-year subscription to TheStreet.com, which was co-founded by hedge fund manager Jim Cramer.

America Online also reached an agreement to provide financial data from Market Guide Inc. on its investment research site. Financial terms were not disclosed.

Market Guide said in a statement that its stock reports and company, industry, sector and index comparison reports on more than 10,500 companies are available to subscribers on AOL's personal finance channel.

Subscribers to Market Guide's own site within the personal finance channel would also gain access to StockQuest, a stock-screening application that allows users to locate potential investments, Market Guide said. ProVestor Plus, technical analysis charts, insider trading information and other data would be included with a subscription to StockQuest.

Market Guide said its dividend-reinvestment plan reports and intraday stock winners and losers will be added to the AOL service in the coming months.

News of the agreement sent shares in Lake Success, N.Y.-based Market Guide climbing $4.96 to close at $7.96 on Nasdaq.

AOL's financial area is the spot its subscribers visit most. Rather than create all its own financial information, America Online has partnerships with companies such as Intuit Inc. to provide investment and tax advice and other financial news.

Some features from closely held TheStreet.com, such as stories about the stock market, will be free on AOL's subscription service.

The features will appear in AOL's Personal Finance Channel shortly after they appear on TheStreet.Com's site.

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