Fox News goes to the Saudis
Saudi Prince Alwaleed bin Talal now owns a 7% share of News Corp, the company that owns Fox News, which makes him the largest shareholder outside of Rupert Murdoch’s family. He recently created a content-sharing agreement with Fox News and his media conglomerate, Rotana.
Questions arise about foreign interest and influence on American media. Some say that Fox News broadcasts misinformation about alternative energy in order to help maintain America’s reliance on foreign oil, Saudi Arabia’s main export.
Small changes have been made, at the request of Alwaleed. Riot coverage in Paris was reported as “Muslim riots” until Alwaleed told Fox News to change it to “Civil riots”.
Murdoch is moving the News Corp headquarters to Abu Dhabi. It looks like “fair and balanced” may be in danger. Hopefully, someone will try to fill the void.
Posted on June 11, 2010, in Global Biz, Newspaper & Journal Articles, TV & Cable Industry and tagged Alwaleed bin Talal, Fox News, News Corp, Rupert Murdoch, Saudi Arabia, Saudis. Bookmark the permalink. Leave a comment.