One bidder has been eliminated from the competition to buy Hulu after making a lower bid than the other would-be buyers, reports the New York Post.

That bidder is Guggenheim Digital Media and private-equity partner KKR, the story says. The other bidders are Chernin Entertainment, which is bidding with AT&T, along with DirecTV. Time Warner Cable is reportedly trying to become an investor in Hulu along with its current owners, as we reported yesterday.