08/20/2012 08:31 am ET Updated Oct 20, 2012

Hulu Is Set For Big Overhaul

"Outline transition plan for new CEO. Discuss potential candidates and process."

These sentences are the topmost bullet points of a confidential internal memo regarding the business of Hulu obtained by Variety. Dated in July, the three-page document covers a range of sensitive issues pertaining to how two of Hulu's parent companies, News Corp. and Disney, plan to transform the streaming service.

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