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Video services

Hulu: No Sale

Welcome to the T.G.I.F. edition of the cable news roundup.

  • Following weeks of negotiations and speculation about who will buy Hulu LLC , the Web video hub has terminated the sales process, because its owners concluded that the venture "holds a unique and compelling strategic value to each of its owners," according to a joint statement from Hulu owners News Corp. (NYSE: NWS), Walt Disney Co. (NYSE: DIS) and Providence Equity Partners . (In case you were wondering, Comcast Corp. (Nasdaq: CMCSA, CMCSK) didn't participate in order to help clear its purchase of NBCUniversal LLC , which also owns part of Hulu.) Hulu was looking for a US$2 billion-plus offer, but the decision to pull out on Thursday will keep the over-the-top video firm out of the hands of Dish Network LLC (Nasdaq: DISH), Amazon.com Inc. (Nasdaq: AMZN) and Google (Nasdaq: GOOG), considered the lead candidates as the bidding heated up. (See Dish, Google Close In on Hulu , Low-Ball Bids Jeopardize Hulu Auction and Hulu Bids Could Top $2B.)

  • Satellite and telco TV providers beat out cable MSOs in all regions in J.D. Power and Associates 's latest residential television service satisfaction study. DirecTV Group Inc. (NYSE: DTV) and Verizon Communications Inc. (NYSE: VZ) topped the charts in the East; AT&T Inc. (NYSE: T) and Bright House Networks took the South; AT&T and WideOpenWest Holdings LLC (WOW) were the video kings of the North; and AT&T and Verizon were deemed the best in the West.

  • Motorola Mobility LLC has set Aug. 15 for a stockholder meeting to consider and vote on its proposed $12.5 billion sale to Google. It's slated to take place at the Hyatt Regency La Jolla in San Diego. (See Cover Sheet: Google to Acquire Moto Mobility.)

  • Netflix Inc. (Nasdaq: NFLX) is losing access to Starz Entertainment LLC fare in March 2012, but the streaming and DVD rental firm closed that content gap to a degree Thursday by inking a four-year deal to license shows from CBS Corp. (NYSE: CBS)'s and Warner Bros. Television Group's The CW. The deal will give Netflix rights to stream more than 700 hours of previous-season episodes of dramas that air on The CW through the 2014-2015 season. (See Netflix, Starz on the Outs .)

  • ESPN is closing down its Content Development department following four years of developing original movies and TV specials, including E:60 and the 30 for 30 series. ESPN Enterprises SVP Keith Clinkscales will be leaving to become an independent producer, with as many as 25 other jobs to be "repurposed," reports Multichannel News.

    — Jeff Baumgartner, Site Editor, Light Reading Cable



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