B12 Solipsism

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Fox News takes great pains not to embarrass the Saudi family, especially since they are one of the largest shareholders in News Corp.

Selling Access to Power Brokers

It was not until a few days later that I learned what may have been behind the absence of a video clip on the Web site. I had said to Doocy that Saudi Arabian money was still financing Al Qaeda. Doocy did not react to my comment. But ten days later I learned that Fox’s parent company, News Corporation, was, at the time of my interview, negotiating with a Saudi prince to vastly increase his stake in the company.

The notorious Prince Alwaleed bin Talal, nephew to the Saudi king, met with Rupert Murdoch in Hong Kong on Jan. 14. The prince issued a press release after the meeting stating that the prince’s Kingdom Holding Company had discussions that “touched upon future potential alliances with News Corp.”

By the time I appeared on Fox News, Prince Alwaleed was about to become News Corp’s fourth largest voting shareholder (behind the Murdoch family, Liberty Media, and Fidelity Management & Research Co, a mutual fund). The prince has repeatedly defended his homeland as a problem-free place. What he has failed to mention is that he has personally donated huge amounts of money to the families of Palestinian suicide bombers.

Alwaleed is the same Saudi prince who made headlines right after 9/11 when he personally went to Ground Zero and offered then-New York City Mayor Rudy Giuliani a $10 million check for the relief efforts. But Alwaleed could not keep his mouth shut. He released a bizarre statement that blamed the attacks – not on the 15 airline hijackers from Saudi Arabia – but on the United States’ support of Israel.

[Click to continue reading Trento’s Take: Fox News Can’t Upset Murdoch’s Saudi Prince]

Amusing thought experiment: imagine that Fox News discovered that MSNBC was mostly owned by Kim Jong-il. Would Fox commentators mention this more than once an hour? or more frequently?

Written by Seth Anderson

February 22nd, 2010 at 9:01 am

Posted in Business

Tagged with , , , ,

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