Chernin Said to Plan $500 Million Investment Fund for New Media

The Information: Media mogul Peter Chernin is planning to raise a new media investment fund of more than $500 million, giving the media investor more fuel for his digital media engine. Word of the new fund follows a report that AT&T planned to buy full ownership of its online video joint venture with Chernin, Otter Media, in a deal that valued Otter over $1 billion.