Well, the plane is somewhere. Although there exists the eerie possibility that it will remain as if nowhere – forever lost.
The media business used to be organized around forms and genres. Books, newspapers, films. Fiction, non-fiction, news, drama. The more current way of thinking is to see the business as a catalogue of "products".
Here are a few quick guidelines and caveats for understanding the News Corp board approval of a corporate split between the company's entertainment and publishing assets.