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Cheddar Acquires Rate My Professors - the Definitive College and Professor Ratings Site

October 25, 2018 GMT

NEW YORK--(BUSINESS WIRE)--Oct 25, 2018--Cheddar, the leading post cable networks company, has acquired Rate My Professors ( ratemyprofessors.com ), a site and app used by more than 6 million college students a month to author an average of 125,000 new professor and class ratings monthly (seasonally peaking at 7 million and 300,000 respectively).

“We are the definitive live, millennial video news company and Rate My Professors adds user generated content and deep engagement to our company,” said Jon Steinberg, Founder and CEO of Cheddar. “Rate My Professors coupled with our OTT networks and CheddarU network makes us the defining media company for a new generation that has no relationship with legacy cable news media. Our cost structure and technology is built for the future and user generated content enhances that model.”

Cheddar acquired Rate My Professors from Viacom Inc. (NASDAQ: VIAB, VIA). Site traffic has grown annually every year since inception, and currently has 20 million ratings across 1.8 million professors. Rate My Professors is where students go to rate, review, and decide on courses on almost every campus in the United States. The iOS app has thousands of reviews and a 4.8 star review in the app store.

“Rate My Professors is a trusted tool for millions of students each month; we’re excited to redesign the site, improve the user experience, and offer students a better toolset to search, evaluate and compare professors,” said Eric Harris, President & Chief Operating Officer of Cheddar. “In 2019, we also plan to offer educators a premium toolset similar to those offered to employers by Glassdoor.”

Taboola has signed on as a strategic in-feed discovery partner for Cheddar’s operation of Rate My Professors.

“We’re very excited to partner with Cheddar to bring Taboola Feed to an audience that is already intimately familiar with the infinite scrolling experiences of social media. We believe the future will be a totally personalized experience when people look for new and interesting content,” said Adam Singolda, CEO & founder, Taboola.

About Cheddar Cheddar is the leading post-cable networks company. Its programming is available on Sling TV, Hulu, YouTube TV, Snapchat, fuboTV, Philo, Amazon, Twitch, Twitter, 60% of smart TVs in the U.S., and Facebook. Cheddar currently broadcasts two live video news networks: Cheddar, a business news network covering the most innovative executives, founders, products, and technologies transforming our lives and economy, and Cheddar Big News, a fast-paced, young, non-partisan general news and headline news network. The company also operates the place-based CheddarU network of 1,600 TVs on 600 campuses.

The company broadcasts from the trading floor of the New York Stock Exchange, its street level studio in the glass corner of the Sprint Store in the Flatiron Building, WeWork in Los Angeles, and the White House.

Cheddar was founded by Jon Steinberg, President and Chief Operating Officer of BuzzFeed from 2010 to 2014. Its investors include Lightspeed Venture Partners, Raine Ventures, Goldman Sachs, Liberty Global, Comcast Ventures, AT&T, Amazon, Antenna Group, Ribbit Capital, The New York Stock Exchange, Altice USA, 7 Global Capital, and Dentsu Ventures.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181025005208/en/

CONTACT: Cheddar

Daniel Schneider

distro@cheddar.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: EDUCATION UNIVERSITY OTHER EDUCATION ENTERTAINMENT TV AND RADIO TECHNOLOGY INTERNET GENERAL ENTERTAINMENT MOBILE/WIRELESS SOCIAL MEDIA COMMUNICATIONS ONLINE

SOURCE: Cheddar

Copyright Business Wire 2018.

PUB: 10/25/2018 08:30 AM/DISC: 10/25/2018 08:30 AM

http://www.businesswire.com/news/home/20181025005208/en