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FFH
Premium
join:2002-03-03
Tavistock NJ
kudos:5

Ex News Corp exec bids $500m for Hulu

»www.reuters.com/article/2013/04/···20130405

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.


hey hey hey

@charter.com

said by FFH:

I just find in humorous that 3 million people are paying for Hulu service.

Is paying $8a month for Hulu plus any more laughable than people that pay over $60 a month for cable TV when basically there is nothing but crap and commercials on?