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—a financial news streaming service aimed at millennials—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.

Source: Wall Street Journal April 30, 2019 16:02 UTC