CNN Breaking News

-- Egyptian opposition leader Mohamed ElBaradei placed under house arrest, high-level security source tells CNN.

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Top Stories	More Top Stories >
Keneally says levy will hurt Sydneysiders more New South Wales Premier Kristina Keneally has asked for changes to the proposed flood levy, saying it is not fair to people in Sydney. Cyclones menace WA, north Queensland Emergency services are keeping a close eye on three cyclones approaching the coasts of North Queensland and Western Australia's south-west respectively. Gestational diabetes linked to chubby bubs Babies born to women with gestational diabetes are fatter, and the worse the mum's sugar levels the fatter the babies will be, according to new Australian research. Groves pleads not guilty over ABC Learning collapse Queensland businessman Eddy Groves has pleaded not guilty to breaching the corporations law over the collapse of his ABC Learning Centres empire. New Murray-Darling Basin Authority chief named The Federal Government has appointed former New South Wales Labor minister Craig Knowles as the new head of the Murray-Darling Basin Authority (MDBA).
The Drum	More from The Drum >
Climate policy: Gillard puts it all on black News of a freakish reversal of direction in Australian climate policy is not, in itself, particularly stunning any more; this policy area is prone to more rethinks than Lady Gaga's day wardrobe. But what Julia Gillard did at yesterday's National Press Club address is nonetheless pretty staggering. Her cool public slaughter of about $1.3 billion in clean energy incentives could be described in several different ways. Financial markets applaud GillardÂ's flood package The GovernmentÂ's package is thoughtful and responsible, the levy highly progressive, yet Gillard and Swan have been pummelled by the pundits. Myth-making in practice: The Tea Party rewrites history Why does it appear that the Tea Party can get away with flagrant misrepresentation and misinformation? The hour of footballing destiny The Socceroos now have the chance to fulfil the base instinct of every sportsman: To win something. Holiday reading and the search for moral courage We are being asked to remain agnostic about climate change whilst the global insurance industry appears to treat it as fact. Kevin Rudd's decision to run from 'the greatest moral, economic and social challenge of our time' fired the pistol on his downfall. Floods, climate change, and Kevin Rudd's failure to deal with his own designated moral challenge were the key issues of my holiday reading this year.
World	More World Stories >
No end in sight for Egypt uprising Activists in Egypt geared up for the biggest protests yet on Friday to end president Hosni Mubarak's three-decade rule, while demonstrators fought security forces into the early-morning hours in the eastern city of Suez. Sheen treated for stomach pains Charlie Sheen was hospitalised with severe abdominal pains after reportedly laughing too hard at the television during a marathon party. Chile launches probe into president's death The Chilean government is launching its first investigation into the death of socialist president Salvador Allende, who died during the country's 1973 coup.
Science & Technology	More Science & Technology Stories >
Whip furore confounds Armidale Jockey Club The Armidale Jockey Club says it doesn't understand why the whip issue in horse racing has reared its head again. Internet gets ready for impending 'IPocalypse' In the coming week, the global authority that allocates internet addresses is expected to run out of stock. Platypus killed in illegal fishing nets Victorian wildlife authorities are calling for public help after the death of four platypus in illegal fishing nets.
Environment	More Environment Stories >
Bali flights unlikely to resume today Jetstar and Virgin Blue say it is unlikely flights to and from Bali will resume today. Opposition challenged to find more cash for Woodsreef The Mayor of Tamworth Regional Council has thrown down the gauntlet to the Opposition to produce more funding for a proper clean-up of the Woodsreef Asbestos Mine site in Barraba, in north-west New South Wales. Murray-Darling group welcomes key appointment The Murray-Darling Association is optimistic the new head of the Basin Authority will balance the interests of irrigators with environmental considerations.
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CNN Breaking News

-- Illinois Supreme Court ruling clears Rahm Emanuel to run for Chicago mayor; he's expected to take part in debate tonight.

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CNN Breaking News

-- VP Joe Biden's spokesman Jay Carney named White House press secretary as staff chief Bill Daley unveils personnel moves.

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How Hulu Lost Its Place In a Netflix World

By Brian Barrett

How Hulu Lost Its Place In a Netflix World

Hulu is a terrific service. Who could argue with free, current episodes of primetime TV on your computer? But for months now, Netflix has been eating Hulu's lunch. And Hulu's plan to fight back sounds more like a swan song.

According to the WSJ, Hulu's role in the future might not be as an archive of network television at all. Instead, faced with splintering commitment from its partners and intense competition from Netflix, Hulu may upend its business model entirely. Instead of a warehouse of episodic content, Hulu could become a full-fledged online cable operator. That means live shows and video on demand, all accessed through Hulu.

It wasn't supposed to be like this. Hulu launched with strong network owners in NBC and News Corp, even picking up media powerhouse Disney along the way. But with concerns that the free model takes too big of a bite out of their TV profits, those same networks are now looking to pull content from Hulu while at the same time licensing it to Netflix, Apple, and others. It's hard to grow up a winner when your parents don't feed you.

Netflix, meanwhile, continues to roll. While it doesn't have the depth of TV offerings that Hulu does, its movie selection is unparalleled and its TV selection is expanding rapidly (thanks, again, to Hulu's owners). The service has 20 million subscribers. And studios, despite some hemming and hawing, would ultimately rather make a lucrative—reportedly up to $100,000 per mid-season episode—deal with Netflix than rely on middling ad revenue on Hulu.

That's just the current state of things. With licensing negotiations looming, some networks are questioning whether they should be giving Hulu exclusive content at all. Some are even mulling the possibility of making Hulu wait two weeks for new content.

So Hulu's in trouble. But is becoming a live television portal online really the answer? Of course not. Whatever allure watching television live had—with the exception of sports and certain "event programs"—died out with the advent of DVR. It's also hard to see how video on demand would be a compelling offering to a generation weaned on iTunes, Amazon On Demand, and their cable providers.

Companies and products usually evolve to meet the demands of their users. Hulu, though, is like a bonzai tree that the networks keep trimming until there's nothing left but stump. What started as a way to keep YouTube from yanking all that ad revenue has outlived its purpose for the people writing the checks. And turning it into another cable provider will be the best way to kill it off entirely. [WSJ]

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