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Altice USA buys Cheddar Streaming Video Network for $ 200 million



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Cable operator Altice USA Inc. agreed to acquire the video streaming network Cheddar Inc. for an amount of 200 million dollars, a totally foreseen agreement that will increase the profile of the division of the news of the company.

Jon Steinberg, the founder and CEO of Cheddar, a news service for millennial financial news, will become president of Altice News, a unit that will include the Cheddar and the Altice News 13 i24News channel, a network of news of current affairs.

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