Altice USA agrees to acquire streaming-video network Cheddar for $200 million, a deal expected to boost the cable operator's news division
Cable operator Altice USA Inc. agreed to acquire streaming-video network Cheddar Inc. for $200 million, an all-cash deal that is expected to raise the profile of the company’s news division.
Jon Steinberg, the founder and chief executive of Cheddar, will become president of Altice News, a unit that will include Cheddar as well as Altice’s News 12 channel and i24News, a current-affairs news network.
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