Fox Cable, Sports Nets a Plus

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On the cable side, operating income and revenue growth at News Corp. has been fueled by affiliate-fee increases at Fox News Channel, which News chairman Rupert Murdoch estimated saw a 200% increase in the last round of negotiations.

“We should have put it up by 400%,” Murdoch said half jokingly. “We’ll get around to that in another couple of years.”

Murdoch also singled out News Corp.’s Fox Sports Net regional sports channels as a future source of affiliate-fee increases.

“We are undercharging for all of our local sports networks, which are absolutely essential carriage to any cable company,” Murdoch said.

One thing the media giant won’t be doing is bidding for the 2014 and 2016 Olympic Games.

“If the next Summer Olympics after London were in Chicago, that would be very tempting, but I imagine the bidding will be high,” Murdoch said. “In spite of all the propaganda, and I don’t want to call anyone a liar, but nobody has ever made any money off of” the Olympic Games.