Time Warner and Viacom video content will soon run on Hulu, the Web video joint venture from NBC Universal and News Corp. The Time Warner deal is done, while Viacom's is "not totally signed," a source tells us. Both deals are said to be nonexclusive. (A Hulu spokesbot autodialed us to relay the nitpick that the paperwork hasn't been signed yet. Whatever.) The news isn't a shock: Time Warner subsidiary AOL agreed to distribute Hulu at launch and before the site even had a name, Viacom executives have praised Hulu in concept. Just yesterday, MTV exec Van Toffler said, "We've been talking to [Hulu] since the beginning, and we like it a lot." Mostly because it's not YouTube, of course.