"We want to approach things like a cable network and program prime time from at least 7 to 11 every weeknight," Mr. Sepso said.
News Corp is, of course, a massive, diversified and global media company, with operations in a plethora of business segments, including filmed entertainment, television, cable network programming, newspapers, magazines and book publishing.
In a statement, Rupert Murdoch, who controls News Corporation, said, "Our global cable network programming business continues to lead News Corporation's financial and operational momentum".
Mr. Bewkes has also led an industry initiative he has called TV Everywhere, whose idea is to offer cable network programming online for anyone who is a verified cable subscriber.
"Once again, News Corporation showed strong operational momentum in the quarter, driven by significant growth at our cable network programming and filmed entertainment segments," Mr Murdoch said in a statement.
News Corporation is a diversified global media company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers and information services; book publishing; and other.
In that time, cable network programming accounted for 61 percent, and film, which includes the 20th Century Fox studio, was 20 percent.
Rather, the company focuses on seven somewhat old-fashioned "industry segments," including cable network programming, television, newspapers and filmed entertainment.
Fox Entertainment Group (26, FOX) is an 82%-owned subsidiary of News Corp. Twenty percent of its $12 billion in revenues comes from its cable network programming, which has seven of the ten cable news shows with the biggest audiences in the U.S., including all of the top five.
Despite costs related to the launch of the Fox Business Network and the Big Ten Network, News Corp.'s cable network programming segment grew operating income 22.5% to $337 million from $275 million a year earlier, powered by gains at Fox News Channel and its regional sports networks and international channels.
Animal Planet, a cable network that features programs about animals 24 hours a day, is the fastest-growing channel on cable television, now reaching 60 million households, or 60percentt of those with televisions.
