Jon Steinberg, the CEO of business news network Cheddar, talked to the New York Post’s Keith Kelly about its continued expansion.
Kelly writes, “Steinberg launched Cheddar two and a half years ago after he raised $50 million from private equity firms.
“Since launch, he said he’s spent about $10 million on acquisitions, $5 million in capital costs building studios on the floor of the stock exchange and in the Flatiron.
“Building and staffing offices now have 180 people in New York, DC and LA.
“In 2017, he said he lost $4 million on $11 million in revenue. Last year, he said he lost another $4 million as revenue more than doubled, to $27 million. ‘We’ll be profitable this year,’ he predicts.
“His long-term plan: ‘Make sure we grow this year and see what happens.'”
Read more here.
