Hulu offers free online video content in the form of TV shows, clips, and movies to users in the US. Based in Los Angeles, the site is a joint venture between NBC Universal and News Corporation. More than 50 other companies also provide content, including FOX, MGM and Sony Pictures Television.
2007 was a not a pleasant year for the Media Industry. Most of the Media stocks including IAC, Walt Disney, News Corp. and Time Warner have undergone correction between 10% to 40%. Except Walt Disney, all other stocks are trading close to at their 52-week lows. Most of the companies have reported below the Street’s
News Corporation is a $27 billion diversified media and entertainment company. The Company operates in eight business segments: Filmed Entertainment (Twentieth Century Fox), Television (Fox Television Stations), Cable Network Programming (Fox News Channel), Direct Broadcast Satellite Television (Sky Italia, BSkyB), Magazines (The Weekly Standard) and Inserts, Newspapers (The Sun, New York Post), Book Publishing (HarperCollins),