Television is where the big money is

Neither Carey nor Elisabeth Murdoch has any particular love for newspapers; if the Dow Jones special committee starts causing nuisance, or if News International needs to be sold, they’re perfectly capable of letting that business go. Television is where the big money is, and neither of them wants to see News Corp’s global TV ambitions permanently derailed by a bunch of tabloid hacks. Murdoch’s empire might well yet be inherited by one of his children. But that empire might well be very light on newspapers. 

Source: Reuters