DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Jon Steinberg - 5 Steinberg - 3 Goldman Sachs - 2 Altice - 2 New York CNN — - 1 ” I’m - 1 Bell ” - 1 Kristen Scholer - 1
Top related locs:
Cheddar USA New York Manhattan ” Regent LA Altice USA
Top related orgs:
Altice USA - 5 Cheddar News - 4 CNBC - 4 millennials - 2 Altice - 2 Sunset Magazine - 2 USA - 2 New York Times - 2

Search resuls for: "Jon Steinberg"


7 mentions found


☆ Cheddar News, the business-focused startup, has been hollowed out. ‘It feels like the end,’ sources say
  + stars: | 2024-01-12 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +5 min
There is “literally no one there.”That’s because there is, effectively, no one working at Cheddar News, the once spirited financial news-focused streaming television network. “It feels like the end,” a person familiar with the matter candidly told me. By the time Archetype acquired Cheddar in December, only a couple dozen or so editorial staffers remained at the outlet, people familiar with the matter told me. Soon after signing those agreements, however, Archetype sent furlough notices to many of the remaining employees. “There is certainly a death happening as we speak,” one of the people familiar with the outlet’s state of affairs told me.
Persons: New York CNN —, ” I’m, Jon Steinberg, Bell ”, Kristen Scholer, I’m, Steinberg, ”, Kelly Facer, Stephanie Gildea, it’s Organizations: New, New York CNN, Cheddar News, CNBC, millennials, Altice USA, Associated Press, Altice, Business Locations: New York, Manhattan, Cheddar, ”
☆ Cheddar News sold by Altice USA to media company Archetype
  + stars: | 2023-12-28 | by ( Drew Richardson Alex Sherman | Drew Richardson | Alex Sherman | ) www.cnbc.com   time to read: +1 min
Cheddar News owner Altice USA announced Thursday it has sold the financial news streaming service to the media company Archetype, which is owned by private equity firm Regent LP. Altice USA will collect proceeds in the future if Cheddar meets certain performance targets. Those payments could amount to about $50 million based on internal projections, CNBC previously reported. Cheddar, founded in 2016 by Jon Steinberg, was bought by Altice USA in 2019 for $200 million. "We are incredibly proud of what Cheddar News has accomplished within the Altice USA portfolio, growing its distribution to reach new viewers with fresh and exciting need-to-know news content," said Keith Bowen, president of news, advertising and programming for Altice USA, in a statement.
Persons: Jon Steinberg, Keith Bowen Organizations: Cheddar News, Altice USA, CNBC, Sunset Magazine, Military Times, CNBC PRO Locations: Cheddar, Regent, USA
☆ Altice USA in talks to sell Cheddar News to private equity firm Regent
  + stars: | 2023-12-11 | by ( Alex Sherman | ) www.cnbc.com   time to read: +2 min
Altice USA is in talks to sell the financial news streaming service Cheddar News to LA-based private equity firm Regent LP, according to people familiar with the matter. Instead, Altice USA would participate in Cheddar's future performance as part of a so-called "earn out" structure. Since then, Altice USA, the fourth-largest U.S. cable provider, behind Comcast , Charter and Cox, has looked to shed assets as its stock price has plummeted. Altice USA has also considered selling U.S. cable asset Suddenlink but dropped those plans in late 2022. The New York Times reported Altice USA was considering selling Cheddar earlier this year.
Persons: Jon Steinberg, Dexter Goei, Steinberg, Goei, Regent, Ralph Lauren, Regent didn't Organizations: USA, Regent, Altice, CNBC, Altice USA, Comcast, Cox, Sightline Media, Sunset Magazine, Time Inc, Club Monaco, New York Times Locations: LA, USA, Altice USA, U.S, Tegna
☆ Altice USA Said to Be Considering a Sale of Cheddar News
  + stars: | 2023-07-24 | by ( Lauren Hirsch | Benjamin Mullin | More About Lauren Hirsch | ) www.nytimes.com   time to read: +1 min
The cable company Altice USA is said to be weighing a potential sale of Cheddar News, the network once billed as “CNBC for millennials,” less than five years after buying the company. Altice USA has hired Goldman Sachs to help explore strategic alternatives for Cheddar News, according to three people with knowledge of the matter who spoke on condition of anonymity. They cautioned that Altice was still weighing its options and could decide against a sale. Representatives for Altice USA and Goldman declined to comment. Among them: Gas Station TV (which, yes, plays at the pump) and MTV’s college campus network (which Cheddar bought in 2018).
Persons: Goldman Sachs, Altice, Goldman, Patrick Drahi, Jon Steinberg Organizations: Cheddar News, CNBC, millennials, Altice USA, New York Stock Exchange, Gas Locations: USA, Altice, French, Cheddar
☆ Cheddar News was meant to be a digital-media darling that could rival Bloomberg and CNBC. Now it's reportedly considering a sale — here's how the network was pushed to the brink.
  + stars: | 2023-07-24 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +6 min
The owner of embattled network Cheddar News is reportedly considering selling the seven-year-old startup. NYT's DealBook reported on Monday that Altice USA tapped Goldman Sachs to explore a possible sale. NYT reporters Lauren Hirsch and Ben Mullin noted a sale isn't a foregone conclusion and Altice USA could decide not to proceed. Spokespersons for Altice USA did not immediately respond to Insider's request for comment on Monday morning and a spokesperson for Goldman Sachs had no comment. Check out Insider's exclusive coverage of the chaos at Cheddar News:Are you a Cheddar News or Altice USA insider?
Persons: DealBook, Goldman Sachs, Lauren Hirsch, Ben Mullin, Altice, —, I'd, Baker Machado, Chloe Aiello, Read, I've, Jon Steinberg, Steinberg, Reed Alexander Organizations: News, Telecom, Altice USA, Cheddar News, New York Times, USA, Insiders, Mail, Cheddar Locations: USA, Cheddar, Portugal
☆ Cheddar News pushed its anchors to think and act like influencers, insiders say, with some on-air hosts hiring agencies at their own expense to boost their social-media followings
  + stars: | 2023-01-18 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +4 min
Cheddar News was founded with the vision of taking on business news big dogs like CNBC. But the vision has been beset by staff defections, complaints of low morale, and editorial red flags. Some on-air talent felt "pressure" to act like social-media influencers, Insider's reporting showed. Sign up for our newsletter to get the news, trends and strategies that advertising and media pros want to know — delivered weekly to your inbox. An Altice spokesperson said in an emailed statement earlier this month that there were "inaccuracies" in Insider's reporting, but did not provide specifics.
☆ Inside the turmoil at Cheddar News, where an editorial 'identity crisis' and misfired social media strategy divided the newsroom and drove staffers to the exits
  + stars: | 2023-01-09 | by ( Reed Alexander | Elaine Low | ) www.businessinsider.com   time to read: +21 min
16 insiders described unrest and discord partly fueled by the site's revamped social media strategy. Malaspina's plan was for Cheddar to look and feel like a social media platform and to position its stars as influencers. Concerns inside Cheddar intensified when Malaspina, a newcomer to journalism, refocused its coverage on social media content. Multiple segments and even an entire show — "Trending" at 7 p.m. — centered on social media trends and TikTok challenges. It's very troubling to think that news professionals would inflate or distort their social media followings.
0 next >>
Total: 7