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Top related persons:
Jon Steinberg - 2 Keith Bowen - 1 Dexter Goei - 1 Steinberg - 1 Goei - 1 Regent - 1 Ralph Lauren - 1 Regent didn't - 1
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USA Cheddar Regent LA Altice USA U.S Tegna
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Altice USA - 2 CNBC - 2 Sunset Magazine - 2 Cheddar News - 1 Military Times - 1 CNBC PRO - 1 USA - 1 Regent - 1

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2 mentions found


☆ 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
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