{"id":660182,"date":"2013-05-24T07:23:47","date_gmt":"2013-05-24T11:23:47","guid":{"rendered":"https:\/\/www.pehub.com\/?p=231536"},"modified":"2013-05-24T07:23:47","modified_gmt":"2013-05-24T11:23:47","slug":"hulu-video-site-auction-attracts-four-bidders-sources","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/660182","title":{"rendered":"Hulu Video Site Auction Attracts Four Bidders: Sources"},"content":{"rendered":"

Former News Corp<\/strong> president Peter Chernin and private equity fund Guggenheim Digital Media<\/strong> have placed bids for Hulu, sources told Reuters, triggering a tug-of-war for the online video service.<\/p>\n

(Reuters) – Former News Corp president Peter Chernin and private equity fund Guggenheim Digital Media have placed bids for Hulu, two people with knowledge of the matter told Reuters, triggering a tug-of-war for the online video service.<\/p>\n

Satellite operator DirecTV and cable operator Time Warner Cable Inc also put in bids, one of the people told Reuters.<\/p>\n

Hulu was put on the auction block this year for the second time after disagreement between owners News Corp and Walt Disney Co on how best to operate a Web service that streams TV programs and other videos, Reuters previously reported.<\/p>\n

In April, Chernin placed a bid for $500 million, plus an unspecified additional sum to cover Hulu’s debt and programming commitments.<\/p>\n

Representatives of Guggenheim, Time Warner Cable and DirecTV had no comment. A spokesman for Chernin could not be reached.<\/p>\n

Hulu says on its website that it has more than 3 million subscribers paying $7.99 a month for its premium service and that it generated revenues of around $700 million last year. It sells advertising for its free service.<\/p>\n

It is being advised in the sale by Guggenheim Partners, a separately funded group from the digital media unit that placed the bid.<\/p>\n

The Los Angeles Times initially reported the bids On Thursday.<\/p>\n

The post Hulu Video Site Auction Attracts Four Bidders: Sources<\/a> appeared first on peHUB<\/a>.<\/p>\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

Former News Corp president Peter Chernin and private equity fund Guggenheim Digital Media have placed bids for Hulu, sources told Reuters, triggering a tug-of-war for the online video service. (Reuters) – Former News Corp president Peter Chernin and private equity fund Guggenheim Digital Media have placed bids for Hulu, two people with knowledge of the […]<\/p>\n","protected":false},"author":7428,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-660182","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/660182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7428"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=660182"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/660182\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=660182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=660182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=660182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}