News Corp

Google, which has a 5 percent stake in Time Warner's AOL, now has the right to force the media conglomerate to bring its Internet division to the market.

But Time Warner investors should not hold their breath if they think this is an opportunity for the media company to finally rid itself of the legacy of its disastrous 2001 Internet merger, once hailed as the deal of the century.

Jon Stewart and Stephen Colbert fans can now watch their Comedy Central shows until the cows come home. Video site Hulu.com has announced that the two politically oriented, "fake news" shows will be available on that site.

The Daily Show with Jon Stewart and The Colbert Report are among the first TV shows on the Hulu site that did not originate with the site's two parent companies, NBC Universal and News Corp. The Comedy Central network is owned by Viacom.

Just in Time for Election

Yahoo Inc. CEO Jerry Yang rejected the image of his company as "under siege," telling conference goers that executives are rallying to streamline Yahoo's offerings and make it more relevant to consumers and to advertisers.

Yahoo faces the threat of mutiny from shareholders unhappy with the way its board handled a takeover offer from Microsoft Corp. that was ultimately withdrawn this month.

Speaking at The Wall Street Journal's "D: All Things Digital" conference Wednesday, Yang stood by his handling of the deal and painted a bright future for the Internet pioneer he co-founded.