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Peter Chernin’s media firm gets Qatari cash boost

Qatar Holding has reportedly made a major investment in Peter Chernin’s media company The Chernin Group.

Along with a large investment from private equity firm Providence, Chernin has about $300 million to fund expansion of his fledgling company, news wires reported.

Former News Corp. COO Chernin will use the cash to invest in TV, film and media firms with a focus on Asia and the US. His company was reported last month to have held merger talks with formats giant Endemol and American Idol producer Core Media.