Saudi Billionaire Eyes new Links with News Corp. (FOX)

Back in 2005 Saudi Prince bin Talal admitted to getting FOX News to change their coverage of the Muslim riots in France.

Covering the riots in Paris last November, Fox ran a banner saying: “Muslim riots.” Bin Talal was not happy. “I picked up the phone and called Murdoch… (and told him) these are not Muslim riots, these are riots out of poverty,” he said. “Within 30 minutes, the title was changed from Muslim riots to civil riots.”

Now the so called Prince is looking to get even more cozy with Murdoch and Co. Will anything good come out of this for us? I doubt it.

Saudi billionaire eyes new links with News Corp.

CAIRO – The Saudi billionaire whose investment firm is one of the biggest stakeholders in News Corp. said he is looking to expand his alliances with the media giant, in the latest indication that his appetite for growth remains robust even as his company retrenches.

Prince Alwaleed bin Talal, a nephew of the Saudi king and who was listed last year by Forbes as the world’s 22nd richest person, met with News Corp.’s chief executive Rupert Murdoch on Jan. 14 in a meeting that “touched upon future potential alliances with News Corp.,” according to a statement released by his Kingdom Holding Co. late Saturday.

Media reports have indicated that News Corp, parent to Fox News and Dow Jones & Co., among others, may be thinking of buying a stake in Alwaleed’s Rotana Media Group, which includes a number of satellite channels that air in the Middle East.

Neither company has commented publicly on the possible deal, but the talks offer an indication yet that such an agreement may yet be in the offing.

Kingdom Holding’s statement said Alwaleed is already the second largest stakeholder in News Corp., with 5.7 percent of the shares of the media company. The stake is held through Kingdom Holding, in which Alwaleed holds a 95 percent stake.

The investment company has a diverse portfolio, ranging from hotels to shares in Apple, eBay and Citigroup.

Link to Article



10 comments for “Saudi Billionaire Eyes new Links with News Corp. (FOX)

  1. January 19, 2010 at 1:30 am

    Hi Chris,
    Interesting. I have been starting to notice the media's efforts to hide the Muslim motivations for many violent protests. I recently did a post questioning a TV news report of civil unrest in Greece. The TV reporter ( I think BBC) called the problem "racial" but at the end of the video the people are chanting "Allah Akbar".

  2. Robin Shadowes
    January 19, 2010 at 5:08 am

    Funny he's blaming poverty since he's a billionaire and muslims in his own country is living in extreme povert, except for the small clique of elites of which he's himself are part of. As rich as he is he could easily do something about it but that is not the issue for people like him really. For him the issue is that there are two houses in this world, dar al-islam and dar al-harb. His mission is to assimilate dar al-harb into the islamic ummah. That is the only thing he's interested in. He could not care less how much blood and suffering it will cost to realize those plans as long as it gets done.

  3. poptoy
    January 19, 2010 at 9:29 am

    Rupert ought not to be influenced by any Muslim. Damit Rupert report the news like it is and not how a Muslim wants it. If Fox goes down where in the Hell will we get the Truth from? CBS, NBC, ABC, PBS, MSNBC? NO…….so keep it straight Rupert.

    • idsay
      January 20, 2010 at 1:33 am

      Please, Rupert.! 30 pieces of silver? You don't need that & your
      too smart to be fooled, so…….please, Rupert!

    • poptoy
      January 20, 2010 at 1:39 am

      Idsay I am willing to bet your are wearing a Towel on your Head. And if your are…Please go and put your Camel to bed. Allah gonna get you…….

  4. Winghunter
    January 19, 2010 at 12:05 pm

    Islam: The Religion of Peace ( And A Whole Bunch of Dead Bodies)

    What Islam Isn't By Dr. Peter Hammond

  5. January 19, 2010 at 7:44 pm

    I think that this is an outcome of what the OIC and Saudis have come up with is to just buy out the news companies since they are more of a business than a free entity. ____I am sure we will see other things too. I think that the continued SLAPP lawsuits against people to try to shut them up is going to still go on as we see with Joe Kaufman from frontpagemag dot com.____I HATE ISLAM! I think that hate is a good thing when directed at evil, morally repugnant things.

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