Well, this is a bad joke. Hulu hasn’t even proven people will pay $9.99 a month for the subscription service — yet NBC Universal, News Corp, and the Walt Disney Corp think it’s got what it takes to do a public offering in this lousy IPO environment as soon as this Fall? Today, The New York Times has the exclusive noting that, “despite its status as a big player in online video, the company currently makes little in the way of profit”. So which proposed-in-the-press IPO will be the bigger giggle: Hulu’s or Relativity Media’s?