Investors like the idea of hiving off the group’s newspaper arm
'The fastest-growing parts of the company are its television and cable
businesses. News Corp was shrewd in understanding the market for
conservative political TV in America: the core audience of Fox News
creates a stable cashflow. The company has also made wise investments in
sports broadcasting, which viewers still prefer to watch live (making
it more attractive to advertisers). BSkyB owns the lion’s share of
Britain’s football rights, Fox has American football, and its cable
network hosts NASCAR races. The company is expanding its holdings in
Australia and Latin America, and is considering a new national sports
network in America to rival ESPN'
