Here's a glance at what's turning cable's crank this morning.
A wide gap in bids for Hulu LLC -- from as low as US$500 million to as high as $2 billion -- and questions about the Web video hub's long-term value are among several factors that are slowing down, and could possibly derail, the sale of the company, Reuters reports, noting that a new round of bids is due this week. (See Google May Up the Ante for Hulu .)
The New York Posttakes aim at Canoe Ventures LLC , noting that the cross-MSO advanced ad venture is at a "critical crossroad" after spending more than $150 million over three years without producing much revenue. Canoe, which has access to a footprint of more than 20 million cable homes, tells the paper that it's making great progress, but others say the venture has been hurt by the recent losses of CEO David Verklin and the departure of Steve Burke, a Canoe champion who is now heading NBCUniversal LLC . (See Canoe Adjusts Senior Team and Canoe CEO Steps Overboard.)
Update: Canoe issued a statement Monday afternoon that identifies some "inaccuracies" in the story, plus an update on some of its projects. We put their full statement on the message board.