"We offered this even though the record before the CMA shows that, over the course of almost 30 years as Sky's founding shareholder, neither 21CF [21st Century Fox], nor the Murdoch family trust, have ever sought to influence the editorial direction of Sky News", said 21st Century Fox.
British satellite television network Sky Plc (BSY.L, SKY.L) noted the publication today by the Competition and Markets Authority or CMA of two alternative remedy proposals submitted by Twenty-First Century Fox, Inc.
So Disney has offered to buy Sky News as a separate entity so the CMA demands are no longer an issue "irrespective of whether Disney's proposed acquisition [of Fox] is completed". Fox had previously proposed giving Sky News its own editorial board and a 10-year funding guarantee.
The company said it thinks the "enhanced firewall remedies we proposed to safeguard the editorial independence of Sky News addressed comprehensively and constructively the CMA's provisional concerns".
Walt Disney could buy Sky News from 21st Century Fox in a bid to ease concerns over the Murdoch family's influence on British media if its planned takeover of the news outlet's parent company, Sky, goes ahead.
The CMA had also stated in January that its media plurality concerns would fall away on completion of Disney's Fox takeover.
Liberum analysts argued that the deal should allow Fox to hurdle the obstacles that the CMA had put in the way of the Sky takeover.
Notre Dame beat UConn...Mississippi State dumps Louisville
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SpaceX blasts off with Iridium satellite payload
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Jason Kidd and Steve Nash headed to HOF
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In this scenario, Disney would end up acquiring Sky News whether or not its purchase of Fox's entertainment assets goes ahead.
The competition watchdog is expected to give its verdict on the Fox's Sky bid by May 1, leaving the final decision on whether to approve the deal to Culture Secretary Matt Hancock by mid-June.
Mr Murdoch's family already have extensive media holdings, including stakes in newspapers such as The Sun and The Times.
New York-listed entertainment titan Fox has already bid £11.4-billion for the 61% of Sky it does not already own but in Britain concerns linger over the strengthening influence of Australian-born U.S. tycoon Murdoch.
Even if Fox's proposals satisfy Britain's government and competition regulator, however, it may still need to raise its recommended offer for Sky after US cable group Comcast Corp said it meant to make a higher counter-bid.
First, Fox must have received approval from Disney to offer the concession, they said, and second, Sky said its independent directors remained focused on maximising value for shareholders. Comcast recently also offered to acquire Sky for $31 billion.