The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Hulu CEO Randy Freer weighed in on Tuesday on consolidation in the media industry — and subtly heckled rival Netflix for its content spending.
"I think money is a relative term. I think it's how you spend that is really important. We are not going to make 800 shows next year, we'll probably make 20 or 25," Freer told CNBC's Andrew Ross Sorkin.
Netflix has said it expects to have 700 original shows this year, spending up to $8 billion on content. To date, Hulu has been more selective in funneling its content dollars to a smaller number of projects, compared to streaming rivals like Amazon and Netflix.
"It's important to us to make big, impactful shows that delight our customers, that are relevant and entertaining, and have cultural conversations going," Freer said on "Squawk Alley."
Thanks to a joint ownership model, in which Disney, 21st Century Fox and Comcast own equal stakes in Hulu, the media company has streaming rights to ABC, Fox and NBC. Those broadcasters sell content to Hulu, growing its audience and granting access to lots of quality programming for less.
"The best thing we get from all of our owners is the vast amount of resources that they have — the amount of content they both put on their networks and make available to us, the support they provide, the marketing opportunities," he said.
But now Hulu has found itself in the cross-hairs of a media industry pushing for consolidation. Should Comcast or Disney acquire Fox's assets, the winner will also become Hulu's majority owner. It's not immediately clear how the outcome of the battle over Fox would affect Hulu's access to content.
Freer refused to weigh in on which potential future owner he preferred, but said it would be easier for Hulu if the ownership structure stays decentralized.
"Look, I don't know if one owner would be better than three or four, but what we know today is that we have every opportunity to drive our business forward," Freer said.
Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com. Comcast is also a co-owner of Hulu.