News Corp. and NBC launch online video site 'Hulu' as YouTube alternative

NBC and Fox are set to launch an advertising-supported online video site that hosts programming from varied entertainment companies in a bid to seize viewers from Google Inc.'s YouTube, the broadcasters said. A test version of the site,, goes online Monday, with plans to premiere a final version in a few months, company officials said. The site, developed by News Corp. and NBC Universal, a unit of General Electric Co., offers free viewing of full-length films and TV episodes, supported by advertising. It will host programming from the two networks, as well as TV shows and films from Sony Corp. and Metro-Goldwyn-Mayer Inc.