• Los Angeles Times, Friday, May 24, 2013 11:58 AM

With Hulu hanging in the balance, the first round of bids were reportedly due this week for enviable video service. “An initial bid has been submitted by the Chernin Group, a next-generation media company founded by longtime News Corp. executive Peter Chernin, which is partnering with Providence Equity, according to several people familiar with the matter,” The Los Angeles Times reports. Meanwhile, “Guggenheim Digital Media, a group headed by former Yahoo Inc. interim Chief Executive Ross Levinsohn, also submitted a bid, say the people with knowledge of the situation.”

 

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