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INTERNET: This Friday, Reddit Will Edit Part Of Hulu’s Homepage

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Reddit, for those unfamiliar, is a user-submitted news website where you can discover links to stories about, say, a flesh-eating homemade Russian drug (“Drugs are so bad!” – Super 8), and original news items like the ongoing tale of a guy currently trying to decipher a message left by the Zodiac killer. Redditors can vote stories up or down, so that only the strong survive. It’s fun, sometimes controversial, and an amazing black hole quickly sucking up the entirety of your work day. Hulu, meanwhile, is a site where a certain Mediaite editor used to watch SoapNet’s Canadian time traveling series, Being Erica. Now, for the first time ever, the two are combining forces.

Keith Olbermann Uses Star Trek to Explain the Current Filibuster Rule

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On Thursday night’s Countdown,host Keith Olbermann once again displayed his Trekkie chops, as he used a Star Trek episode to illustrate the idiocy of the current filibuster rule. He compared the painless way Senators can simulate endless debate (without actually having to debate) with the bloodless war from A Taste of Armageddon, and spoke with filibuster-buster Sen. Tom Udall (D-NM) about his plan to reform the rules.

FORTUNE Asks, “What The Hell Is Going On With TV?”

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So you got AppleTV for Christmas and you really, really hate your cable company. You can watch 30 Rock via Netflix streaming, but you can’t cut the cord with cable or you lose access to AC360 on CNN and Monday Night Football on ESPN. What the Hell, right?

What the Hell indeed. And that’s exactly the question pondered–and, surprisingly, answered–by FORTUNE‘s Jessi Hempel who asks “What the Hell Is Going on With TV?” in the latest issue, on newsstands today.

Hulu Introducing Original Programming, Five Minutes At A Time

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Ever think to yourself, I wish there was a show out there that was The Daily Show meets SNL‘s Weekend Update segment meets SportsCenter? Then it’s your lucky day, because Hulu is currently planning an original program that aims to be just that. This program, whose genre is listed as infotainment/comedy/satire, will run for five minutes every Monday through Friday and offer a “quick and humorous survey of the past 24 hours of media and pop culture.” So, basically, it’s the Internet.

Hulu To Double Its Revenue To $240 Million This Year

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While NBC’s Jeff Zucker is afraid of analog dollars turning into digital pennies, Hulu CEO Jason Kilar is busy turning regular dollars into even more regular dollars. At the NewTeeVee conference in San Francisco today, he announced that Hulu will end the year with $240 million in revenue. That’s more than twice as much as it made last year.

Rupert Murdoch Eyes Profit, Changing TV History (Again) with Conan O’Brien

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If the money is right and Conan O’Brien is game, Rupert Murdoch would have him join the Fox family “in a flash.” This is the latest in the post-late night war odyssey of finding a new home for the displaced Tonight Show host and his unique brand of comedy. While Murdoch, speaking to Reuters, noted that there have not been any “real negotiations” with the O’Brien camp and that there are “different opinions” on the matter, with the right numbers he did admit he is interested in entering the world of late night entertainment.

Conan O’Brien Borrowed The Bugatti, Got The Rolling Stones For Cheap

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It was nice watching Conan stick it to his bosses, spending boatloads of NBC’s cash on a Bugatti Veyron and licensing fees for The Rolling Stones song “Satisfaction.” And when NBC pulled the Conan clip to save money on streaming The Stones song online, it seemed like Conan really showed them. But now it’s being reported that he borrowed the car.

The Case Of The Missing Conan O’Brien Sketch

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Remember Conan O’Brien‘s $1.5 million comedy sketch/up yours to NBC involving a Bugatti Veyron and The Rolling Stones’ “Satisfaction” last night?

Well if you missed it, you won’t find it on NBC.com or Hulu.com, because NBC has removed the segment from the show. It will certainly save them some money. But you can still watch it here!

How We Will Consume Media 2010

2010 will be the year when we begin to consume media in a whole new way. The so-called iTablet may revolutionize how we experience magazines, and Boxee stands to do the same for web-to-TV convergence. You know how the iPod changed how we consumed and paid for music? Right. Like that.

Murdoch Pounds the Paid Content Drum Again

Rupert Murdoch stated that the Wall Street Journal will begin to charge users to access the WSJ iPhone and BlackBerry content apps ($2/month for non-subscribers, $1 for subscribers.) He also told Goldman Sachs Communicopia attendees that the News Corp., NBCU, Walt Disney joint venture Hulu was looking into charging subscriptions to view TV content online.

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