"At the beginning of this year, Fox was the only buy-rated stock I had because it was so depressed relative to everything else in the sector", Wieser said.
Media company Twenty-First Century Fox (FOXA.O), controlled by the Murdoch family, favors selling some assets to Walt Disney Co (DIS.N) as it is a better strategic fit and presents fewer regulatory hurdles, Bloomberg reported on Monday, citing people familiar with the matter.
Disney's studio entertainment operating income was $2.4 billion in fiscal 2017, up from $618 million in 2011. Comcast shares were down 1.56 percent.
FILE PHOTO: The logo of the Disney store on the Champs Elysee is seen in Paris, France, March 3, 2016. Along with a significant ownership of the streaming service, the deal would provide Disney with exposure to international markets, which is vital as the U.S. pay-TV industry continues to grow.
The transaction would involve Disney acquiring Fox's studio and television production assets - a portion of the business that has an enterprise value of more than $60 billion, CNBC's sources say.
The deal would leave Fox with is news and sports assets.