Next month the New York-based company plans to launch Cheddar Big News, a general news network focused on what it says will be “non-partisan, national news with the style and sentiment of local news.” The company recently hired New York Times veteran Jim Roberts as editor-in-chief and former Business Insider reporter Alex Heath. Cheddar CEO Jon Steinberg said in announcing the funding, “We are strengthening our already robust balance sheet with capital that we can use to bring our post-cable networks to Europe and beyond. We own all of our IP [intellectual property] and now is the time to monetize this asset globally.”

http://variety.com/2018/digital/news/cheddar-funding-second-network-expand-globally-1202730390/