News Corp. is weighing a sale of Australian pay TV and streaming operator Foxtel, the Murdoch family-controlled company said Thursday in its full-year earnings release. News Corp chief executive, Robert Thomson, said that potential buyers had emerged for Foxtel during a review of the company’s assets.

“That review has coincided recently with third-party interest in a potential transaction involving the Foxtel Group, which has been positively transformed in recent years,” Thomson said.

“We are evaluating options for the business with our advisors in light of that external interest,” he added.

Foxtel Group operates legacy cable and satellite TV businesses down under, as well as sports streamer Kayo, entertainment streaming platform Binge, and the more recently launched Ott streaming aggregator Hubbl. Recent analyst chatter has suggested that the streaming services are struggling somewhat to compete in the Netflix-dominated era amid a recent cutback in household spending in Australia. The...