TheStreet.com Editor Resigning From Post

Dave Kansas is stepping down as editor of TheStreet.com, a financial news site whose rapid rise and subsequent decline has come to symbolize the travails of companies seeking to sell content on the Web.

Kansas, a former Wall Street Journal reporter who joined TheStreet.com in 1996, said Wednesday that he would take some time off before deciding what to do next.

“I would like a little chance to kick back,” Kansas said.

Kansas will be replaced in early July by David Morrow, an editor at SmartMoney magazine.

Kansas, 34, described the parting of ways as amicable, but he said he had some differences with management over the direction the company was taking into selling subscription newsletters to institutional investors.

TheStreet.com was an early favorite among dot-com investors. The stock soared as high as $73 on its first day of trading in 1999.

On Wednesday, the shares fell 7 cents to $1.69 on Nasdaq.