Russell Crowe is rumoured to be in the frame to play Rupert Murdoch.
The Gladiator star, 48, is thought to be in line to star as the Australian media mogul in the screen adaptation of former Sunday Times editor Sir Harold Evans' memoirs, Good Times, Bad Times, the Evening Standard reports.
Meanwhile, Oscar-winner Colin Firth is said to be tipped for a part as Sir Harold.
Leon Lecash, creative director of filmmakers What's It All About? told the newspaper: "The film will be a drama, when Citizen Kane meets All The President's Men, either for the big screen or television.
"It is very early days as the option deal with Harry was only just completed. No actors or even writers have been signed up yet."
The film is reported to focus on Margaret Thatcher's controversial dealings with Murdoch. She was in Downing Street when the mogul bought The Times in 1981 and she is rumoured to have bent the rules to facilitate the deal in return for favourable publicity for the Tories.