The advertising recovery has been very good for cable programmers, no surprise there. The interesting thing in News Corp's results was the extent to which the company is now dominated by cable. In the last 9 months, operating income from the cable networks $2.129 billion is greater than all of the other divisions combined ($1.864 billion). You know, 20th Century Fox, Fox Broadcasting, The Wall Street Journal...small stuff like that.
News Corp 1Q11 earnings press release