Disney, News Corp. Yank Hulu Off The Market

Law360, New York (October 13, 2011, 11:39 PM EDT) -- Hulu LLC owners News Corp., The Walt Disney Co. and Providence Equity Partners announced Thursday they were calling off a proposed sale of the popular online video content site.

"Since Hulu holds a unique and compelling strategic value to each of its owners, we have terminated the sale process and look forward to working together to continue mapping out its path to even greater success," the joint owners said.

Hulu's owners — which also include Comcast Corp.'s NBCUniversal Media LLC — said they planned to focus...
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