<embed type='application/x-shockwave-flash' src='http://foxnews1.a.mms.mavenapps.net/mms/rt/1/site/foxnews1-foxbusiness-pub01-live/current/videolandingpage/fullPlayer/client/embedded/embedded.swf' id='mediumFlashEmbedded' pluginspage='http://www.macromedia.com/go/getflashplayer' bgcolor='#000000' allowScriptAccess='always' allowFullScreen='true' quality='high' name='FOX Business' play='false' scale='noscale' menu='false' salign='LT' scriptAccess='always' wmode='false' height='275' width='305' flashvars='playerId=videolandingpage&playerTemplateId=fullPlayer&categoryTitle=undefined&referralObject=5827911' / align=left hspace=7 vspace=3"News Corp. CEO and chairman Rupert Murdoch stopped by his Fox Business channel yesterday and sat down with Neil Cavuto to discuss the future of the various Fox channels and its interactive business, new News Corp. deputy chair Chase Carey and the state of the world. Murdoch even touched on his feelings about the future of newspapers.

As one of the most powerful media owners in the world, when Rupert talks the future of newspapers, we listen. Some highlights are below.

Murdoch talked about his vision of a digital future for newspapers:

“We think of newspapers in the old fashioned way, printed on crushed wood so to speak. It’s going to be digital. Within 10 years I believe nearly all newspapers will be delivered to you digitally…But if you’ve got a newspaper with a great name and a great reputation and you’re trusted, the people in that community are going to need access to your source of news. What we call newspapers today, I call ‘news organizations’ and ‘journalistic enterprises,’ if you will. They are the source of news. And people will reach it, if its done well, whether they do it on a Blackberry or a Kindle or a PC.”

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• $1.6 Billion Reader’s Digest Sale: Done, and ex-Cond&eacute Nast exec Mary Berner named CEO. [MediaPost]
• Oprah: Tops Adweek‘s annual Hotlist. [Release]
• Neil Cavuto: Planning Fox Biz Channel. [Marketwatch]
• Men’s Health Editor Dave Zinczenko: To spin-off ab book for women. [WWD]
• Hearst: Will have 1,000 videos online soon. [Mediaweek]
• ABC News: Gaining on NBC. Finally. [LAT]
• New Discover CEO: Gets channel buzz with Jesus. [NYP]
• John Edwards: Mails 70,000 DVDs to Iowa voters. [AP]
• Geico’s Cavemen: ABC greenlights pilot. [WSJ]
  

In an interview earlier today, Rupert Murdoch wouldn’t give details about the forthcoming business channel launch because “everything we do, CNBC will copy.” Here are some:

NEW YORK, Feb. 8, 2007 — News Corporation will launch a business cable network scheduled to debut in the fourth quarter of 2007, announced Rupert Murdoch, Chairman and Chief Executive Officer of the company. Roger Ailes, Chairman and CEO, FOX News and Chairman, FOX Television Stations will develop and oversee the new venture, which is currently named FOX Business Channel.

Presently, FOX Business Channel has 30 million subscribers under contract after securing distribution agreements with multiple cable operators, including: Time Warner; Comcast; Charter, and Direct TV. The network, which will be housed at News Corporation headquarters in midtown Manhattan, is expected to launch in major markets across the country, including the world’s financial capital — New York — where it will be seen on expanded basic cable.

In making the announcement, Murdoch said, “We have long considered the business television market to be underserved. Having built FOX News into a cable news leader and a cultural phenomenon against all expectations, I’m confident that Roger Ailes and his team can do the same in business news. I look forward to introducing new competition and a new voice to the business news arena.”

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Yesterday on Neil Cavuto (or CavHOOTo, as dubbed by Eat The Press’ Rachel Sklar) a roundtable discussion with a trio of Hooters girls.

Seriously.

It makes sense, though: We only watch Fox News for the wings.