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