News Formal

'We're different': Cheddar founder Jon Steinberg says ignoring conventional wisdom led him to a $200 million cash exit to cable company Altice USA

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

The deal stands out amid a lot of gloom and doom surrounding digital media and is a validation of ad-supported media when others are pivoting to subscriptions.

Jon Steinberg grew Cheddar, which just sold to Altice USA for a healthy $200 million, by betting on the rise of ad-supported live streaming TV.

"It's a great result for the digital video world," said Peter Csathy, founder and chairman of media consulting firm Creatv Media."It underscores the importance of live streaming. Live streaming is now front and center for media companies and the brands that support them. The level of engagement is deeper than on-demand streaming. This is the audience the brands and advertisers want to reach. And it's news for millennials, by millennials.

Other digital media startups saw their businesses tank when Facebook ended live video funding and distribution for media companies. The rise in streaming and other distribution services helped Cheddar recover from the loss of Facebook video funding.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 729. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Cable TV company Altice USA is buying the streaming-news network Cheddar for $200 millionThe video-news startup founded by former BuzzFeed executive Jon Steinberg agreed to be acquired by telecom Altice USA for $200 million, the companies announced on Tuesday.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Henry Bloch, co-founder of tax company H&R Block, dies at 96Henry Bloch, who helped found tax preparation giant H&R Block, died Tuesday at age 96, the company announced. Awesome
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Blackwater Founder Erik Prince’s New Company Is Operating In IraqFrontier Services Group has not publicly stated it is working in Iraq, but documents obtained by BuzzFeed News show it was registered there last year. Wow, killing for dollars, and evidently, any old 'Blood Money' will do!
출처: BuzzFeed - 🏆 730. / 51 더 많은 것을 읽으십시오 »

Wall Street Expects Tesla Q1 Loss; Awaits Word On Company's Cash PositionTesla prepares to report earnings after a quarter full of mixed messages and volatile stock price action. It's true about the volatility. SandHillInsight
출처: Forbes - 🏆 394. / 53 더 많은 것을 읽으십시오 »