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Cheddar News sold by Altice USA to media company Archetype

In this photo illustration the Cheddar News logo is seen on a smartphone and a computer screen.

Sopa Images | Light flare | Getty Images

Altice USA, owner of Cheddar News, announced Thursday that it has sold the financial news streaming service to media company Archetype, which is owned by private equity firm Regent LP.

CNBC previously reported rumors of a possible deal to sell Cheddar to Regent. Archetype oversees media brands including Sunset Magazine and Military Times.

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