The Chernin Group, a private media company founded by a former News Corporation president, Peter Chernin, on Thursday continued to expand its financial support, this time with an equity investment from Qatar Holdings, the group said.
The investment by the Qatar firm, a unit of the government-backed Qatar Investment Authority, means it will be one of the two largest backers of the Chernin Group, along with Providence Equity Partners. Providence invested about $200 million in the Chernin Group this year.
“They’re trying to give us more firepower,” said Mr. Chernin, who spoke by telephone on Thursday.
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