Former News Corp president Peter Chernin has bid around $500 million for Hulu...
Chernin, a former Hulu board member who now runs a media holding company, is among those interested, the sources said on condition of anonymity because the bidding is not public. It is not known if other bidders have come forward.
Chernin left News Corp in 2009 to assemble The Chernin Group, whose holdings span film and TV production and owns stakes in high-tech companies, including online radio service Pandora Media Inc.
Hulu's owners have for years pondered the direction of a service that now has more than 3 million subscribers for its premium offering and generated revenue of about $700 million last year.
A third owner, NBC parent Comcast Corp, gave up corporate control as a condition of buying NBC Universal.
I just find in humorous that 3 million people are paying for Hulu service.