Hulu Owners Still Weighing Selling Stake to Time Warner Cable

Originally posted on Variety:

Hulu’s owners have pulled the Internet video site off the block, but they’re still entertaining the possibility of Time Warner Cable — or another outside strategic investor — buying a stake in the venture, according to a source confirming a Bloomberg report.

However, there is no definite time horizon on when a deal with TWC or any other potential partner might be reached, the source added. There is “no deal imminent at all,” the source said.

After more than six months of running through bids for Hulu, on Friday The Walt Disney Co., 21st Century Fox and Comcast’s NBCUniversal announced that they would retain their ownership positions in the company and invest $750 million to add more content and grow the business.

SEE ALSO: Hulu Sale Called Off

Execs with the media congloms said they’re aligned on the vision for Hulu moving forward, which centers on bulking up the…

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