Rupert Murdoch's News Corp is considering splitting into two companies, the Wall Street Journal reported, citing inside sources.
A final decision has not been made, the paper said, but the plan would be to separate its publishing assets from its entertainment businesses, the report said.
The split would mean News Corp's film and television businesses will be carved off from its newspapers, book publishing assets and education businesses.
Murdoch had earlier opposed the move, but has recently warmed to the idea, the Journal said.
In Britain, News Corp newspapers include the News of the World, The Sun, The Times and the Sunday Times.