You cant roll out a Hulu from scratch. It is basically a venture between content providers. How much TV content does Yahoo produce ? none. It is a huge mistake to buy Hulu. I dont know how much they'll be paying for this but it is worth 0 money, just like Tumblr.

I don't understand why this criticism keeps coming up.

Isn't it safe to assume that anyone that is buying Hulu would know that the content is what is most important?

I assume that to be the case for Mayer, so I assume she wouldn't buy Hulu without the content. That doesn't make sense. Unless....she knows something that we don't know...like Yahoo is going into the original content creation business like Netflix - but even then, we would still be years away from Hulu recovering from the networks pulling their stuff.

Give them a little credit please.

It's not like the content providers are going to abandon a rather large channel with a lot of momentum.

This may very well be true. But you shouldn't discount some points.

1. Yahoo will negotiate some kind of licensing agreement.

2. Yahoo will benefit from a known name and existing users.