That would be the case for TheStreet.com if Howard Lindzon’s plan is executed 🙂
The company has $80 million in cash and no debt and a shitpile of traffic. It just has a useless model for 2009 and the market is screaming so.
I have people I like that work there and don’t mean to step on toes, but I have a plan.
1. Fire everyone save Cramer, Doug Kass and few of the successful Newsletter writers. It’s not about job performance, it’s about reality. Start with the Board. The Board should be ashamed and should have quit already.
2. Shutter New York. Just sneak out in the middle of the night. Phoenix is nice. Lot’s of empty buildings.
3. Relaunch TheStreet.com on WordPress and just nuke the piece of shit software and site they have going right now (Obviously this has to be ready to go before all the head count poleaxing).
[ emphasis mine ]
Read more of howard’s thoughts on howardlindzon.com.
What’s interesting about Howard’s advise is that we are seeing and hearing about lots of sites switching to WordPress now as their full CMS — a trend that is really picking up momentum in the last 6 months. With features such as revision control, full user management, page support, and the thriving plugin eco-system it’s making a ton of sense to use WordPress for full sites now.