Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Cheddar CEO and founder Jon Steinberg. Photo: Matthew Eisman/Getty Images

Cable provider Altice USA announced Tuesday that it acquired the streaming news network Cheddar for $200 million, the Wall Street Journal reports.

Why it matters, via Axios' editor-in-chief Nicholas Johnston: The move comes as a sign that Altice, a relative unknown, is jumping into the streaming wars.

The backdrop: Altice and Cheddar's relationship dates back to 2017, when Altice first invested in the live-streaming news startup.

  • Cheddar, launched in January 2016 by CEO and founder Jon Steinberg, managed to successfully negotiate deals on a variety of platforms without affiliate fees, allowing the company to build its distribution to become available in 40 million pay-TV homes — as well as on free, ad-supported services.

Details: The all-cash deal is built on the idea that Altice can raise the profile of its budding news unit, which includes News12, an umbrella of New York news networks, acquired via Cablevision in 2016. Steinberg will transition into the role of president of Altice News.

What they're saying:

  • "Cheddar has demonstrated an innovative approach to live news while building an engaged audience, solid followership and a strong brand," Altice USA CEO Dexter Goei said in the official announcement.
  • Steinberg added the goal of the deal is to make Altice News "a leader in local, business, national, and international news everywhere as we look to build a live news offering for customers in the traditional pay TV ecosystem."

Go deeper: Even Grandma is streaming TV now

Go deeper

Updated 2 hours ago - Politics & Policy

Woman who allegedly stole laptop from Pelosi's office faces fresh charges

Photo: FBI

A woman accused of breaching the Capitol and planning to sell to Russia a laptop or hard drive she allegedly stole from Speaker Nancy Pelosi's office faces fresh charges, according to a criminal complaint amended Tuesday.

Driving the news: Riley June Williams, 22, who was arrested in Pennsylvania's Middle District Monday, is suspected of being the woman featured in a video saying, "dude, put on gloves," before a man's gloved hand reaches for the laptop, per the Department of Justice.

Trump grants flurry of last-minute pardons

Photo: Jabin Botsford/The Washington Post via Getty

President Trump issued 73 pardons and commuted the sentences of 70 individuals early Wednesday, 11 hours from leaving office.

Why it matters: It's a last-minute gift to some of the president's loyalists and an evident use of executive power with only hours left of his presidency. Axios reported in December that Trump planned to grant pardons to "every person who ever talked to me."

3 hours ago - Politics & Policy

Trump revokes ethics order barring former aides from lobbying

Photo: Spencer Platt via Getty

Shortly after pardoning members of Congress and lobbyists convicted on corruption charges, President Trump revoked an executive order barring former officials from lobbying for five years after leaving his administration.

Why it matters: The order, which was signed eight days after he took office, was an attempt to fulfill his campaign promise to "drain the swamp."

  • But with less than 12 hours left in office, Trump has now removed those limitations on his own aides.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!