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Hulu to Hurt Cable, Not Google

Stock quotes in this article: GOOG , GE , NWS.A , VIAB , MSFT , CMCSA , YHOO  

Hulu.com has been billed as a rival to YouTube, but Google's (GOOG Quote) popular video site has nothing to worry about.

The real victim here will be cable TV.

Hulu, an online video site that went live with a test version on Monday, was developed in a partnership between General Electric (GE Quote)-owned NBC Universal and Rupert Murdoch's media empire, News Corp. (NWS Quote). Unlike YouTube, Hulu offers free viewing of full-length films and TV shows from the media giants. ...

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