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Report: Murdoch to Buy Shine?

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Is Rupert Murdoch angling to acquire Shine—and ultimately have a family reunion?

According to The Daily Beast, the News Corp. chairman and CEO is in London to deal with his pending acquisition of BSkyB, but is planning to spend part of that visit to close a deal for Shine Group, the production company headed by his daughter Elisabeth Murdoch.

Shine, which is behind hits such as The Biggest Loser, is potentially on the block because of major consolidation in the independent production company world of late. The company has reportedly retained JPMorgan Chase to explore sale options.

According to The Beast, Murdoch may also be looking to bring his son Lachlan back into the fold to run News Corp.’s newspapers. Lachlan Murdoch left the company in 2005, and sold much of his stake in the company in late 2005.

Currently, James Murdoch is the only one of Rupert Murdoch’s children with a prominent role at his company. The younger Murdoch is currently spearheading News Corp.’s much-anticipated iPad newspaper The Daily.