12/14/2012 09:16 am ET

Hispanic Online Video Network MiTu Attracts New Investors

Online Latino lifestyle network MiTu has raised an estimated $3 million from a group of investors, led by former News Corp. executive Peter Chernin's media holding company, the Chernin Group.

Other investors include Allen DeBevoise, chairman and chief executive of popular YouTube gamer channel Machinima, Juan Cristobal Ferrer of Ferrer Comunicacion, a Mexico City ad agency, and Advancit Capital, a venture capital firm founded by Shari Redstone.

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