Fox President Chase Carey discusses Hulu decision

With quarterly earnings in full swing, the investment and media communities took the chance to ask 21st Century Fox President Chase Carey to explain why his company and the other owners of Hulu decided to keep it. Carey said the auction process brought Fox and its partners together around a strategy for Hulu. The site is also owned by the Walt Disney Company (NYSE: DIS) and Comcast (Nasdaq: CMCSA), which is a silent partner for now. Read more