Summary List Placement

In April, Dexter Goei, the CEO of Altice USA, and Jon Steinberg, the founder of Cheddar, virtually addressed a crowd of curious and apprehensive Cheddar employees.

This was a rare joint appearance by the millennial-news network’s two leaders since Altice acquired Cheddar for $200 million in 2019. Altice execs, who worked out of the company’s headquarters in the Long Island City neighborhood of Queens, had rarely visited Cheddar’s State Street campus in lower Manhattan.

Now, with layoffs sweeping across the media sphere and everyone working remotely because of the pandemic, staffers scrambled to log in to Microsoft Teams for the Altice-hosted videoconference. (The Cheddar team still used Slack, a holdover from its independent days.)

Five former Cheddar staffers told Business Insider that they left the call feeling somewhat reassured about the state of the business during the pandemic, despite hearing the executives use words like “consolidation.” They requested anonymity to protect future career prospects.

Steinberg, whom insiders have described as charismatic, relatable, and always looking to the next big thing, focused on the positives.

“They went through slides showing how great viewership was doing across the platform because of COVID,” one of the people said. “There was no language in that to …read more

Source:: Businessinsider – Tech


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