Sky News could be sold off to Walt Disney or ringfenced under concessions put forward by Rupert Murdoch's 21st Century Fox, as part of the corporation's efforts to seize full control of the broadcaster Sky.
Fox, which is attempting to buy the 61 per cent of Sky it does not already own, faces a number of regulatory hurdles after the UK's competition watchdog found the £11.7bn deal was not in the public interest.
It has proposed either a legal separation and comprehensive ringfencing of Sky News or a sale of the loss-making channel to Walt Disney, which is itself attempting to acquire 21st Century Fox.
Business news: in pictures
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The sale of Sky News to Disney would take place "whether or not Disney's proposed acquisition of 21st Century Fox proceeds".