Hulu Chief Executive Jason Kilar has been working without a contract since the end of June as the company seeks a buyer, reports Sharon Waxman at TheWrap.com.

"This leaves Hulu in an odd situation — on the auction block, with its key executive unsecured," Waxman writes.

A Hulu representative declined to comment on Kilar’s contract status. Kilar hasn’t been able to come to an agreement with Hulu’s co-owners — Comcast, News Corp., The Walt Disney Co. and Providence Equity Partners — on a contract.

Any new owner might want to re-examine a CEO agreement, however, making a contract "somewhat pointless," the story says. Kilar apparently plans to stay without a contract for the time being, the piece adds.