Altice USA (NYSE: ATUS), one of the largest broadband communications and video services providers in the U.S., today announces that it has closed the previously announced acquisition of Cheddar, the digital-first news company.
With this acquisition, Altice broadens its portfolio of high-quality news businesses by adding Cheddar’s innovative, digital-first, live business, general news and college network focused on young professional and millennial audiences. Cheddar joins the Altice News division, complementing Altice’s hyperlocal and global news offerings that include the most watched news channel in the Optimum footprint News 12 Networks, and international and current affairs news network i24NEWS.
Cheddar founder and CEO Jon Steinberg joins Altice USA as president of Altice News, leading Cheddar, News 12 and i24NEWS.
Dexter Goei, Altice USA CEO said: “Today’s closing represents an important milestone towards our goal of making Altice a news leader by offering a full range of hyperlocal, national, business and international news across digital, mobile and linear TV formats through Cheddar, News 12 and i24NEWS. We’re pleased to welcome Jon and the entrepreneurial Cheddar team to Altice, and we look forward to growing our news audiences, delivering high-quality journalism and creating more value for our advertisers.”Follow us: