Wednesday may be remembered as the day that the Big Media finally began to understand the Internet.
The occasion was the official launch of Hulu, the new broadband video site created by the partnership of NBC and News Corp. The site has been running in private beta since October (and in sorta semi-public mode for the last month) and has already gained 5 million users. That's a long ways from YouTube's 80 million, but having tried Hulu, I predict that it will catch up fast. (Hulu...Full Story