Chernin Group

Penn National Gaming, Inc (NASDAQ: PENN) shares surged on Wednesday following news it has agreed to buy a stake in publisher Barstool Sports Inc. for $163 million. Penn National, a casino operator, plans to take a 36% stake in Barstool Sports, which produces sports media and live events, according...

At least two firms have lost their bid to acquire the Netflix (NASDAQ: NFLX) of television. According to the New York Post, Guggenheim Digital Media and KKR (NYSE: KKR) are no longer in the running to purchase Hulu. While several companies have been added to the prospective buyer's list this year...

It seems that the only firms that don't want Hulu are its current owners. Six years ago, News Corp.'s (NASDAQ: NWS) Fox network joined forces with NBC (which had not yet been acquired by Comcast (NASDAQ: CMCSA)) to build the ultimate online video site for television. Thus far, they seemed to have...

Comcast (NASDAQ: CMCSA), one of three corporations that currently owns Hulu, might hand the property off to one of its pay-TV rivals -- AT&T (NYSE: T). According to AllThingsD, the telecommunications giant is currently in discussions with Chernin Group -- one of the many firms that wants a...