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Cheddar, the news video service that produces a daily business broadcast from the trading floor of the New York Stock Exchange and a daily lifestyle show has raised $10 million in Series B funding to launch a full eight-hour day of live programming. The round was led by LightSpeed.
“I want to take all these formats that have worked for an older generation and youthen them up in terms of the content and the style and the talent,” explained Mr. Steinberg, the founder and chief executive of Cheddar, who also anchors broadcasts. “I would put our live show Cheddar Life up against the Today Show.”
http://www.wsj.com/articles/cheddar-the-cnbc-for-millennials-raises-10m-1473172203
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