Who else would watch news like that but under 35??Well Cheddar is specifically geared toward younger audiences. The style is meant to appeal to younger people, with lots of bright colors and motion graphics, and most anchors appear to be under 40. And the selection of stories also skews younger, with the channel covering a lot of news that will be interesting to Millennials but that you just would not see on CNN or Fox.
For instance, I just turned it on to see what they were covering and there was a story about Ariana Grande's appearance on Carpool Karoke. They cover more serious news as well of course, but they frequently work this youth-oriented kind of content into their story line-up.
Apparently the approach is actually working, in that 60% of Cheddar's audience is under 35 according their website, but I'm not sure how many people are actually tuning in.
That doesn't mean more millennials are watching news, that 65 percent of Cheddar's under 35 probably watch news before Cheddar.