Thursday, November 12, 2009

ITV Do The Hulu

Reports that ITV are set to take a significant stake in Hulu UK is another indication that the interim management are doing a good job: this is a good hedging move, albeit they should look out for the influence of an American parent, who are prone to run roughshod over minority overseas shareholders given half a chance. It's also smart for Hulu, since the UK is a very different media market to the US.

It also begs the question, why are they looking further than John Cresswell for their new CEO ? The reluctance of companies to promote from within is a curious phenomenon. I do hope that the new Chairman will see the light of day and quickly give his backing to the team who are already steering ITV in the right direction.