Cheddar News has been acquired by Archetype, a media company that oversees multiple news and lifestyle brands including Sunset Magazine, Military Times, Army Times, Defense News, Federal Times and HistoryNet. The acquisition also includes the Rate My Professors digital property.
In a statement, Archetype said: "Cheddar has helped transform the way millennials have accessed television news since its groundbreaking debut broadcast from an iPhone in 2016. We are excited to assist Cheddar in expanding its reach as the definitive independent ‘Voice of What's Next’ empowering new audiences to be informed and engaged citizens in an ever-changing world."
“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, Altice USA News, Advertising, and Programming. “Archetype is an excellent choice to take the network to the next level while enabling Altice USA to focus on its telecommunications, advanced advertising, and hyperlocal news businesses.”
Terms of the agreement were not disclosed.