Some good bits in Paidcontent’s summary of News Corp. COO Peter Chernin’s comments at TV Week’s Innovation 360 conference.

We don’t look at Hulu as a replacement for TV. We look at it as a replacement for reruns. We don’t rerun most of our reality shows

Chernin also compares MySpace’s more media-like approach with what he thinks Facebook is doing. (I tend to agree.) Jupiter report on Internet TV cannibalism, and an oldie but goodie on social networks as media (more to come shortly on that topic).