Altice USA Buys ‘CNBC for Millennials’ Cheddar for $200 Million

Fast Company: Cheddar was supposed to be the millennials’ answer to boring old cable television. Now, it’s joining a cable company. Altice. The cable company once known as Cablevision has purchased Cheddar for a whopping $200 million. The company’s founder and CEO, Jon Steinberg, is being promoted as part of this deal.