Cable TV company Altice USA is buying the streaming-news network Cheddar
The video-news startup founded by former BuzzFeed executive Jon Steinberg is being bought by telecom Altice USA for $200 million, theThe video startup has already raised eye-popping funding, especially considering the gloom and doom surrounding digital media.
Cheddar was lastIt's distributed on several new streaming services including Sling TV and Philo; screens on college campuses; as well as on social networks andThe acquisition is meant to help Altice grow its news division with Cheddar's digital reach among professional millennial viewers.
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