Time Warner Cable’s Bid for Hulu Is to Be Fourth Owner

According to numerous sources close to the situation, Time Warner Cable’s bid for Hulu is to be the fourth owner of the premium video service. The other bidders for the service — which has noisily been put on the block by its big media company owners, 21st Century Fox (formerly News Corp.), Comcast and Disney — include: AT&T in a joint bid with former News Corp. COO Peter Chernin; Guggenheim Partners; and DirecTV. Sources said that TWC would be a solution if there is a desire to hold onto the property, with other bids hovering in the $1 billion range.