After starting his day by making the rounds at the Dow Jones/Nielsen Media & Money conference, Chase Carey, deputy chairman, president & COO of News Corp (NYSE: NWS). took time later on to drop in for a Q&A on Neil Cavuto’s show on Fox Business. After playing a clip from last week’s interview with Google (NSDQ: GOOG) CEO Eric Schmidt stressing the company’s desire not to get involved in the content production side of the business, Cavuto asked Carey for some react about the search giant’s intentions. A sly grin crossed Carey’s face as he offered faint praise for Google’s “great strengths” and its ability to make money on others’ content. Not that Carey wants the government to step in and level the playing field, however.

SEE ALSO: @ Media & Money: News Corp’s Carey: We’re Entering Uncharted Regulatory Waters

As for net neutrality and piracy issues, there is a place for government action, but we’ll just have to wait and see how the regulatory landscape takes shape, Carey said. The clip starts off with Carey’s being fairly circumspect when asked what sort of cable properties NBCU might have to unload if Comcast (NSDQ: CMCSA) buys it—and whether News Corp. would be interested in picking some of those properties up, like CNBC, for instance.