Exhibit 10.8

March 15, 2005

Mr. James J. Cramer c/o TheStreet.com, Inc. 14 Wall Street 15thFloor New
          York, NY 10005

| | Re: |  | Employment
Agreement, dated as of February 22, 2004 (the "Employment Agreement"), between
                  TheStreet.com, Inc., (the "Company"), and James J. Cramer ("Cramer"). | 
| | --- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 

Dear Jim:

Reference
is made to the Employment Agreement. The parties hereto wish to extend the term of the
Employment Agreement and make certain other changes to its terms. Capitalized terms used
and not defined herein have the same meanings ascribed to them in the Employment
Agreement.

In
consideration of the foregoing and of the mutual agreements of the parties herein
contained, the parties hereby agree that this letter, when executed by the parties, shall
amend, modify and supplement the Employment Agreement as follows:

| | 1. | By
deleting the date February 21, 2005", in the first sentence of
          Section 1, Paragraph (a), and inserting the date July 31, 2005".
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------

| | 2. | By
adding a new subsection, (f), to Section 2 Compensation in the
          following manner:
| | -- | -----------------------------------------------------------------------------------------------

| | (f)     
      In addition to the compensation otherwise provided for above, Cramer is
      entitled to receive a fee, effective as of January 1, 2005, from the Company
      relating to his provision of Radio Services for the Company pursuant to
      the Radio Agreement. This fee shall be equal to the Talent Fee actually
      received by the Company from Buckley under the Radio Agreement and shall
      be payable to Cramer upon receipt by the Company.
|- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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| | 3. | By
changing the current subsection (d) of Section 4 Employment
          Termination to subsection (e) of Section 4 Employment
          Termination.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4. | By
inserting a new subsection (d) to Section 4 Employment
          Termination in the following manner:
| | -- | ------------------------------------------------------------------------------------------------------------

| | (d)
           In addition to termination as otherwise provided
      for above, Cramer shall have the right to terminate this Employment Agreement
      on a date that is thirty (30) days after the occurrence of a Change of Control.
      For purposes of this Employment Agreement, a Change of Control shall be
      deemed to have occurred in the event any of the following occurs:
|- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)     the
        acquisition by any one person or more than one person acting as a group
        (as defined in Q&A 12(b) of IRS Notice 2005-1) (other than the Company
        and its subsidiaries as determined immediately prior to that date and
        any of its or their employee benefit plans) of ownership of stock of the
        Company that, together with stock held by such person or group, constitutes
        more than fifty percent of the total fair market value or total voting
        power of the stock of the Company if such person or group was not an owner
        of at least five percent of the total fair market value or total voting
        power of the stock of the Company immediately prior to the Companys
        initial public offering;
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii)     a
        majority of the members of the Companys Board of Directors being
        replaced during any 12-month period by directors whose appointment or
        election is not endorsed by a majority of the members of the Companys
        Board of Directors prior to the date of the appointment or election; or
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iii)     any
        one person or more than one person acting as a group (as defined in Q&A
        14(c) of IRS Notice 2005-1) acquires (or has acquired during the 12-month
        period ending on the date of the most recent acquisition by such person
        or persons) assets from the Company that have a total gross fair market
        value equal to or more than 40 percent of the total gross fair market
        value of all of the assets of the Company immediately prior to such acquisition
        or acquisitions, other than an acquisition of assets of the Company by
        (w) a shareholder of the Company (immediately before the acquisition)
        in exchange for or with respect to the Companys stock, (x) an entity
        fifty percent or more of the total value or voting power of which is owned,
        directly or indirectly, by the Company, (y) a person, or more than one
        person acting as a group, that owns, directly or indirectly, fifty percent
        or more of the total value or voting power of all the outstanding stock
        of the Company, or (z) an entity at least fifty percent of the total value
        or voting power of which is owned, directly or indirectly, by a person
        described in clause (y).
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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| | 5. | Except
as expressly modified, amended or supplemented by this letter agreement,           all
other terms and provisions of the Employment Agreement shall remain and
          continue unmodified in full force and effect.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | If the foregoing
      accurately reflects your understanding, kindly sign this letter in the space
      provided below.
| |  | -------------------------------------------------------------------------------------------------------------------------



``

| |                                           |  | Best
      regards, 
      THESTREET.COM, INC.
| | ----------------------------------------- |  | ----------------------------------------------
| |                                           |  | By:                                           
| |                                           |  |                                               
| |                                           |  |                                               
| |                                           |  |                                               
| | AGREED & ACCEPTED:                        |  |                                               
| |                                           |  |                                               
| | /s/ James J. Cramer
James
      J. Cramer |  |