21st Century Fox has offered a series of guarantees to secure backing for its takeover of British pay-TV operator Sky including a number of "firewall remedies" created to safeguard the independence of Sky News.
The company said it would commit to maintain Sky News for at least five years and would establish a fully independent board for the channel.
The Competition and Markets Authority (CMA) provisionally found that if the deal went ahead as planned, it would give the Murdoch family too much control over news providers in the UK.
21st Century Fox has proposed an independent editorial board for United Kingdom news channel Sky News as part of what it calls "firewall" remedies that it argues should help it seal its planned deal to take full control of European pay TV giant Sky. Fox also reiterated a previous proposal for "a commitment to Sky-branded news services in the United Kingdom for at least five years with similar levels of investment".
Any appointee to the Sky News editorial board must have experience in the United Kingdom media industry.
However, Fox noted that its "proposed firewall remedies" would terminate upon completion of Disney's takeover of Fox.
The main sticking point was the fact that the Murdoch family would have "too much control over news providers in the United Kingdom, and too much influence over public opinion and the political agenda".
The CMA is also weighing other options for protecting the independence of Sky News, such as blocking the Fox deal, or seeking a legal separation or full sale of the news division.
Fox said its proposal would be "the most effective, proportionate and reasonable form of remedial action for the CMA".
Fox's proposals call for an independent board to have "sole responsibility for setting editorial strategy and direction for Sky News' digital, television and radio output".
But last month, the regulator said a Fox-Sky deal was not in the public interest on grounds of media plurality.
It raised the prospect of behavioural remedies including the ones disclosed on Monday, or a more far-reaching structural solution such as the spin-off or divestiture of Sky News. "We urge the CMA to follow through the logic of its provisional findings and recommend to the Secretary of the State [of Culture] the prohibition of this deal", they said in their submission to the CMA.