Saturday, December 05, 2009

Rupert Murdoch inks deal with Saudi prince

Al-Walid once boasted of his influence on Fox News coverage of Muslims
December 03, 2009
Media mogul Rupert Murdoch, owner of the Fox News Channel, strengthened his strategic partnership with Prince Al-Walid bin Talal, acquiring a stake in the Saudi royal's Rotana media conglomerate.
As WND reported, the Saudi prince, who owns a 5.7 percent share of Fox News, claimed in 2005 he persuaded Murdoch to immediately stop the top-rated cable network from identifying unrest in France as "Muslim riots."
Daily Variety reported News Corp. will take a 10 percent stake in Rotana, with an option to acquire another 10 percent.
The paper said the News Corp.-Rotana pact marks the most significant investment yet by a Western media company in the Arab world...


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