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Stock impact report

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

VIACOM INC CL B (VIAB) 
Last viacom inc cl b earnings: 11/14 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.viacom.com
Company Research Source: Business Wire
6 Million College Students Rate 125,000 Professors A Month NEW YORK--(BUSINESS WIRE)-- 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 M Show less Read more
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