From a New York Times news article on the departure of David DeVoe, the chief financial officer of News Corp.:
That split will take place on June 28, when entertainment assets like Fox News, FX and a Hollywood studio will form a new company called 21st Century Fox. Publishing units, including The Wall Street Journal, The New York Post and HarperCollins, and a handful of Australian television assets will form a company called News Corporation.
"Entertainment assets like Fox News"?
That's just a snide, cheap-shot Times swipe at a competing news organization. At both the Times and Fox News, the news is a blend of what is important and what is entertaining. News Corp. itself does not describe Fox News as an "entertainment" asset, and there are plenty of other better ways to describe the split, such as print versus film and broadcast (with the exception of the Australian television assets), or more profitable versus less profitable.