Disney was recently in talks to buy most of 21st Century Fox, according to CNBC's David Faber.
The deal would trim 21st Century Fox's assets into a more focused slate of news and sports networks to better compete in a changing media landscape, the report said.
An acquisition would exclude Fox News because Disney cannot own two broadcast networks, the report said.
Disney was reportedly interested in buying networks such as National Geographic and FX, among others.
The media corporation 21st Century Fox has been in talks to sell most of itself to Disney, CNBC's David Faber reported on Monday.
An acquisition would leave 21st Century Fox with a smaller, more focused portfolio of news and sports networks to better compete in a changing media space, the report said.