Saudi billionaire eyes new links with News Corp.

Author: TAREK EL-TABLAWY AP Business Writer Date: January 17, 2010 Publication: Associated Press Archive
The Saudi billionaire whose investment firm is one of the biggest stakeholders in Rupert Murdoch's 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...
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By TAREK EL-TABLAWY, AP Business Writer Tarek El-tablawy, Ap Business Writer – Sun Jan 17, 8:15 am ET
CAIRO – The Saudi billionaire whose investment firm is one of the biggest stakeholders in Rupert Murdoch's 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.
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So lets review Most of the 9-11 Hijackers were Saudi Nationals. Outfoxed references a study that showed the majority of Fox "News" (sic) viewers misidentified the perpetrator of 9-11 as Iraqi, Saddam Hussein. (Conducted, I believe by the group FAIR). One of the major owners/investors in Fox "News" (sic)’s parent company are members of Saudi Royal family. Is it me, or was Saddam Hussein’s biggest mistake not investing in Murdoch’s News (sic) corps.
NOTE: the use of (sic) in the above article was chosen to reflect the fact that the Fox Corporation routinely misuses the term "News" in their corporate branding efforts, and media commentators that do not publicly recognize that the content of Fox owned media outlets cannot be accurately labeled as "News," do so at their own peril.
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