NFL Scores Investment Partnership With Providence Equity Partners

By | Tuesday March 19, 2013 @ 1:45pm PDT

NFLThe partners aren’t saying how much they’re kicking in, but the global venture will invest “primarily in sports and entertainment related media assets.” They’re targeting growth equity investments of as much as $50M in private companies and, they add, “have … Read More »

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Hulu Pays $200M For Providence Equity’s 10% Stake & Weighs Big Changes: Reports

By | Saturday October 13, 2012 @ 9:31am PDT

The deal removes the leading non-broadcaster force at the video streaming company that’s controlled by Disney and News Corp and includes NBCUniversal, according to reports in TechCrunch and Bloomberg. Hulu’s said to have borrowed the … Read More »

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Newport Television To Collect $1B Selling 22 Stations To Nexstar, Sinclair, And Cox

Newport is Providence Equity’s holding company for the collection of TV stations the private equity firm bought in 2007 from Clear Channel. Investors seem to like Nexstar’s $285.5M agreement today for 12 Newport stations; Nexstar shares are +5.2% at mid-day. Sinclair is more complicated: In addition to the $412.5M it’s paying for six Newport stations, Sinclair agreed today to pay $40M for Tampa-based Bay Television. Sinclair shares are -1.6%. Privately held Cox is paying $302M for its four stations.

Here’s the release: Read More »

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Hulu Owners Eye Buyout Of Private Equity Partner: Bloomberg

By | Thursday April 26, 2012 @ 12:28pm PDT

Providence Equity Partners’ 10% stake in Hulu is close to being bought out by co-owners Disney and and News Corp, Bloomberg is reporting. The deal is for $200 million after the private equity group invested $100 million … Read More »

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Chernin Group Secures $200M Private Equity Investment For US-Asian Expansion

Peter Chernin MoneyLongtime Hollywood mogul Peter Chernin‘s indie company has just received a new infusion of capital to help with his goal of expanding into a global media company “across all fronts with this additional expertise and resources”. Led by Providence Equity Partners, the investors are taking what’s being called a “significant minority equity stake” in his television/movie/Internet company The Chernin Group. The official announcement will be made Monday morning. Financial terms were not disclosed, but Deadline has learned the investment is $200M. Chernin and Providence CEO Jonathan Nelson became chummy while they worked together to establish the online video site Hulu as a joint venture with NBCUniversal. The pair tell the Financial Times they also looked at making a bid for Yahoo together over a year — but then decided against it. They say the new partnership would have the resources to pursue “any deal of any size” around the world, from making multibillion-dollar bids to incubating start-ups. And they say their first deals are “very close” and could be announced within weeks. Read More »

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Yahoo Fields Bids For 20% Stake In Company From Potential Partners

Yahoo has fielded offers this week from at least three bidders seeking a stake of about 20% of the company, the Wall Street Journal and Bloomberg reported, and the company’s directors will likely discuss those offers at … Read More »

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UPDATE: Hulu Owners Abruptly Call Off Sale – So What Went Wrong?

UPDATE: Today News Corporation, Providence Equity Partners, The Walt Disney Company, and the Hulu senior management team issued a joint statement that it was terminating the sale of Hulu. ”We look forward to working together to continue … Read More »

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Hulu Bids Expected To Reach $1.5 Billion

By | Friday August 12, 2011 @ 9:37am PDT

News Corp COO Chase Carey said during the company’s conference call Wednesday that the ongoing Hulu auction is “progressing largely as planned,” but for the most part streaming-video site co-owners News Corp, Disney, Comcast and Providence … Read More »

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Hollywood’s Fave Toymaker In LBO Talk?

hasbro_box_4ColorUPDATE: Now the story’s been debunked.

The Wall Street Journal is reporting tonight that Hasbro is in preliminary talks with Providence Equity Partners about a leveraged buyout. Hasbro has a market capitalization of about $6 billion. It owns the … Read More »

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