I think I see your thinking. Basically you want a setup like:
+ Network Admin (as an index page)
|-- Article 1
|-- Article 2
|-- Article N
I wouldn't use the NewsListing snippet for this. I would use
ListIndexer. The ListIndexer snippet will page the results like you want. Providing the first 5 (or 10 or whatever you specify) on a page, then links to next pages. You would toss this on your Network Admin page in the content area, and it would take care of the rest.
Depending on how you feel about the description field, this could be the only drawback to this solution. ListIndexer uses the description field text rather than the first N characters. There are good reasons for this, but that's the way it is. Or,you "could" do it the way you describe, by putting 5 articles in a subfolder:
+ Network Admin (as an index page)
+-- News Folder 1
|-- Article 1
...
|-- Article N
+-- News Folder 2
|-- Article 1
...
|-- Article N
But then you're not capitalizing on the strength of the database and you'd be increasing your maintenance efforts.