From Think Progress and way too good to be passed over quickly: “Prince Alwaleed has grown close with the Murdoch enterprise, recently endorsing James Murdoch to succeed his father and creating a content-sharing agreement with Fox News for his own media conglomerate, Rotana. As irony would have it, the Arab News just published this picture today of Prince Alwaleed meeting with News Corp executives to discuss how to ‘“further strengthen the strategic corporate alliance between Rotana and News Corp”’:
The Murdoch family has a majority interest in News Corp.Prince Alwaleed has a 25% interest. Other major interests are held by Bank of America and another big bank.
It makes me wonder why anyone, knowing that Fox News is wholly owned by News Corp and having a mind too precious to abuse, would turn over most of its thinking processes to Fox News. Also, I am convinced that the less influence foreigners have in our politics, the better for our national interest.