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Altice USA acquires streaming service Cheddar for $200 million

Gina Hall
Altice USA acquires streaming service Cheddar for $200 million

Cable provider Altice USA Inc. acquired streaming service Cheddar Inc. on Tuesday for $200 million. The deal was all cash and will make Jon Steinberg, Cheddar founder and CEO, the president of Altice News, according to The Wall Street Journal. The news unit will include New York-based Cheddar, Altice’s News 12 channel, and i24News.