Friday, October 14, 2011

Hulu pulled from Auction

Hulu's owners, led by Disney (ABC) and News Corp. (Fox), has cancelled the proposed auction of the online video service.  Offers for Hulu in the first round of bidding did not reach anticipated levels - at least not without conditions that would essentially commit Disney, Comcast/NBC and News Corp. to continue to provide their programming to the service for years to come.  Comcast/NBC no longer participates in management decisions at Hulu, as a condition of their merger approval.

Source - News Corp., Disney pull Hulu from auction blockFierceCable

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