Altice Closes on $200 Million Cheddar Acquisition

June 7, 2019 |Mergers & Acquisitions

Altice closed on its $200 million acquisition of news company Cheddar (see report, May 1), it said Thursday. It said Cheddar founder and CEO Jon Steinberg will be president of Altice News, overseeing Cheddar, News 12 and i24News. Altice CEO Dexter Goei said the deal is a big step toward being "a news leader by offering a full range of hyperlocal, national, business and international news across digital, mobile and linear TV formats."