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☆ Outbrain is closing in on a deal to merge with Altice-owned adtech company Teads
  + stars: | 2024-07-19 | by ( Lara O'Reilly | ) www.businessinsider.com   time to read: +5 min
Read previewContent recommendation firm Outbrain is closing in on a deal to acquire or merge with Teads, the adtech company owned by European telecommunications giant Altice, according to four sources familiar with the matter. Spokespeople for Outbrain and Teads said it was company policy not to comment on M&A speculation. Teads parent company Altice International reported net debt of 9.2 billion euros, around $10 billion, at the end of the first quarter, while Altice France had some 24 billion euros, about $26 billion, in debt in the same period. AdvertisementTeads reported 601 million euros ($654 million) in revenue in 2023, down 5.5% from the prior year. Its adjusted earnings before income tax depreciation and amortization were 157 million euros ($170 million), an 8.7% decrease from 2022.
Persons: —, Outbrain, couldn't, Teads, it's, Taboola, Patrick Drahi, pare, Altice, Moody's, Morgan Stanley Organizations: Service, Business, Altice, chum, CNN, Fox News, Altice International, Drahi Locations: Altice France, USA, France
☆ Trump and Haley still have not spoken despite public thawing
  + stars: | 2024-05-24 | by ( Steve Contorno | Kristen Holmes | ) edition.cnn.com   time to read: +3 min
CNN —Despite the public thawing in their rivalry this week, Donald Trump and Nikki Haley still have yet to speak, two sources close to the former president told CNN, continuing a stalemate that has lasted since their race ended. One source familiar with the former president’s thinking told CNN that “their relationship remains chilled” in the aftermath of their hard-fought race. Trump all but squashed that idea on Truth Social, posting, “Nikki Haley is not under consideration for the V.P. slot, but I wish her well!”Haley emerged from the 2024 Republican primary as the former president’s last-standing opponent. “When you lose the battle or the war, you generally have to make the outreach, and that’s just the nature of the campaign business,” a Trump adviser previously told CNN.
Persons: Donald Trump, Nikki Haley, Haley, Trump “, Joe Biden “, ”, Trump, Haley’s, “, ” Trump, News12, Ralph Norman, “ Nikki Haley, ” Haley, that’s Organizations: CNN, Republican, South, Trump —, Trump, United Nations, South Carolina Rep Locations: Washington , DC, South Carolina, Bronx, Charleston, Pennsylvania
☆ Cheddar News laid off a team of respected reporters who once created content for its popular YouTube channel
  + stars: | 2023-05-30 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +6 min
Embattled network Cheddar News cut six roles in a small layoff round in April, Insider has learned. Affected employees previously worked on Cheddar's highly-regarded YouTube team. Cheddar News quietly laid off half a dozen staffers who formerly worked on its highly-regarded YouTube team creating original video content, Insider has learned. As Insider reported earlier this year, sources at Cheddar said management had indicated cost-cutting and profitability concerns were behind the shift in strategy away from creating original YouTube content, which Cheddar had done for years. Do you work for Cheddar News or Altice USA, or are you a media insider with insight to share?
Persons: Cheddar, Anna Delvey, Kristin Malaspina, Altice, Malaspina, Claire Atkinson, Reed Alexander Organizations: Cheddar, YouTube, News12, Altice, Cheddar News, Altice USA, New, BuzzFeed Locations: New York, News12 New York, Altice USA, Russian, Cheddar
☆ Cheddar News quietly laid off a handful of video producers as its newsroom reels from continued defections and organizational changes
  + stars: | 2023-05-26 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +6 min
Embattled network Cheddar News cut six roles in a small layoff round in April, Insider has learned. Affected employees previously worked on Cheddar's highly-regarded YouTube video team. Cheddar News quietly laid off half a dozen staffers who formerly worked on its highly-regarded YouTube team creating original video content, Insider has learned. Altice, which bought Cheddar in 2019, set out to implement a series of content changes at the 7-year-old news outlet in mid-2022. Do you work for Cheddar News or Altice USA, or are you a media insider with insight to share?
☆ 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.
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