• The Age , Friday, October 6, 2006 12:15 PM

Reports that former News Corp. deputy chief Lachlan Murdoch might return to the media company have been met cautiously by Australian investors. News Corp. spokesman Greg Baxter dismisses the reports as "speculation," while Murdoch's wife, Sarah O'Hare, says the family is very happy in Australia. A recent story in Britain claims that News Corp. boss Rupert Murdoch had raised the possibility that his eldest son might return to a senior position within News Corp., saying "Lachlan might come back." Last August, Lachlan resigned from his position as News deputy chief operating officer, and returned to Australia with his family. He has since dabbled in various Australian businesses, including an online DVD rental company.

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