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| Arabia |
| Saudi Prince Buys Large Share of Fox News |
| 2005-09-26 |
| Saudi Prince Al-Waleed bin Talal has purchased 5.46 percent of the Fox corporation, according to Gulf Daily News, raising concern that the conservative Fox News may soften its anti-terror stance due to the views of the new shareholder. Al-Waleed, the nephew of the late Saudi King Fahd, was in the news when he visited the World Trade Center's remains just after the September 11th attacks and offered then-New York City Mayor Rudy Giuliani a $10 million check for relief efforts. Al-Waleed then released a statement blaming US foreign policy and support for Israel for the attacks. Giuliani returned the prince's check with a statement that, "There is no moral equivalent for this attack. The people who did it lost any right to ask for justification when they slaughtered . . . innocent people ... Not only are those statements wrong, they're part of the problem." |
| Posted by:Anonymoose |
| #4 Fox sux anyway. I like their on-air talent, but you can watch them for 24 hours and get as much real news as you can get on the internet in 2.4 minutes. |
| Posted by: 2b 2005-09-26 21:59 |
| #3 Foreign ownership of broadcast media is limited to 25%. Talal owns 5.46% of not just Fox, but the international parent News Corp with broadcast, cable, and newspapers worldwide (e.g. DirectTV, NY Post, SkyTV, UK Sun, Times UK, practically all of Australia, ...). |
| Posted by: ed 2005-09-26 12:19 |
| #2 Its a depressing thought that anyone with enough money can exploit our capitalist system to silence speech. I dont think the "prince" has to do much. He will automatically be deffered to as a large shareholder. So now the Saudis are buying into our broadcast networks like they have bought into our universities with such large endowments that many universities undoubtedly self-censor themselves for fear of losing the pot of gold. Most disturbing is the trend of Saudi money keeping Christian universities in the black. The Saudis donates millions to no less than Baylor U in Texas and who knows how much to other historically Christians institutions. So when will we see from these people the kind of backbone Guiliani displayed? Dirty silence money should be returned no matter the cost. There are more important things than money. |
| Posted by: peggy 2005-09-26 12:00 |
| #1 5.46 percent of the Fox corporation Can he really do anything like this article claims? |
| Posted by: Gluns Hupineger4859 2005-09-26 11:35 |