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Saudis invest in Fox News

Discussion in '2005 Archive' started by Bro. Curtis, Sep 25, 2005.

  1. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>
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    Saudi Prince Buys Large Share of Fox News
    16:55 Sep 25, '05 / 21 Elul 5765


    (IsraelNN.com) 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."

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  2. freedom's cause

    freedom's cause New Member

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  3. KenH

    KenH Well-Known Member

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    Was this a private purchase or is this corporation a publicly traded company? If it is publicly traded company then there's not anything that the corporation could do to block the sale via the market.
     
  4. KenH

    KenH Well-Known Member

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    They have lots of oil but it will take some time to increase production facilities. They are also going to build refineries to export products.
     
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