News Corp and NBC Universal announced that they had named their new online video site Hulu (http://www.hulu.com).

The two companies said the site would be in the testing mode in October, and would be open to a limited number of users.  Visitors to Hulu.com would need to sign up to get an invitation to be allowed to test the service and view content on the website in October.

Hulu will also be used to distribute video clips on many of the Web’s most popular destinations, including Yahoo Inc., Microsoft Corp.’s MSN, Time Warner Inc.’s AOL and News Corp.’s MySpace.