Streaming & OTT

Altice USA to Buy Cheddar for $200 Million in Effort to Grow Its News Footprint

The deal is expected to close within two months

Cheddar will join News 12 and i24NEWS as news outlets that Altice USA owns.Cheddar, AlticeUSA, Getty Images
sara.jerde
By Sara Jerde

Cable company Altice USA will acquire digital news network Cheddar Inc. for $200 million the companies announced today. The deal is expected to close within the next two months.

Altice USA first began working with Cheddar in 2017 as an investor. The move expands Altice USA’s footprint in news that already includes News 12 Networks, which was inherited through the company’s Cablevision acquisition, and i24NEWS, which launched in the U.S. in 2017.

“This is all about the news category – this is live, must watch content.

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sara.jerde

Sara Jerde

Sara Jerde is publishing editor at Adweek, where she covers traditional and digital publishers’ business models. She also oversees political coverage ahead of the 2020 election.

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