The Daily Show and The Colbert Report are two of the most popular shows on Hulu, so it's a big loss for both the video site — which just posted about the "farewell" on its blog — and for consumers of web video, thousands of whom have daily turned to Jon Stewart or Stephen Colbert for a bit of entertainment and news during their cubicle lunch breaks.
This is arguably Hulu's first big programming setback, though other online entertainment services like Netflix Watch Instantly and GameTap have lost important content deals in the past.
Viacom says both shows will still be available at their respective websites (thedailyshow.com and colbernation.com) and at Comedy Central's website, but many viewers prefer the clean TV experience they get at Hulu, so they won't be thrilled with that. Of course, the shows will still air on Comedy Central's cable TV channel each night.