Fox News Ties to Saudi Prince

The Zenith of Hypocricy

http://news.yahoo.com/s/ap/20100117/ap_on_bi_ge/ml_saudi_alwaleed_news_corp
from JoeUser Forums

I recently had a debate with a Conservative friend of mine about the ties between News Corporation, the parent company of Fox News, and Saudi Prince Al-Waleed bin Talal. When I said that the Saudi Prince was one of the largest and most influentilal shareholders in the media conglomerate, my assertion was met with disbelief. So let's establish the facts, quoting from the linked article:

Sunday, January 17, 2010

Saudi billionaire eyes new links with News Corp.

CAIRO – The Saudi billionaire whose investment firm is one of the biggest stakeholders in Rupert Murdoch's News Corp. said he is looking to expand his alliances with the media giant, in the latest indication that his appetite for growth remains robust even as his company retrenches.

Prince Alwaleed bin Talal, a nephew of the Saudi king and who was listed last year by Forbes as the world's 22nd richest person, met with News Corp.'s chief executive Rupert Murdoch on Jan. 14 in a meeting that "touched upon future potential alliances with News Corp.," according to a statement released by his Kingdom Holding Co. late Saturday.

Media reports have indicated that News Corp, parent to Fox News and Dow Jones & Co., among others, may be thinking of buying a stake in Alwaleed's Rotana Media Group, which includes a number of satellite channels that air in the Middle East.

 

According to Forbes, in 2005, the Saudi Prince made a substantial investment in the then troubled New Corp., initially making an investment that yielded him 5.46% of the voting stock. He has since increased that investment. More, the Prince expressed considerable confidence in Rupert Murdoch. Quoting from the Prince's statement as reported in the Forbes story (http://www.forbes.com/2005/09/06/alwaleed-murdoch-billionaires-cx_gl_0906autofacescan02.html):

"Last November I said that I had the utmost confidence in Mr. Murdoch, his management team and his succession planning, and that if necessary, the Kingdom companies would replace their non-voting shares with voting shares." He continued, "The Kingdom companies now own a significant interest in News Corporation voting shares and may purchase more if the situation warrants."

 

One might ask if there is anything wrong with Fox taking the Prince's money. Well, let us look at the reaction of Fox reporters when the Prince tried to donate $10 million to provide disaster relief to the victims of 9/11, an offer that was then refused by Mayor Guiliani:

Sean Hannity: "This is a man that blames the United States and their policies for the attack that took place on September 11th. That is such an egregious, outrageous, unfair offense that I would have nothing to do with his money either, and I applaud what Mayor Giuliani did. It showed a lot of guts and character."

Hannity again: "This is a bad guy. Rudy was right to decline the money."

Bill Sammon: "When you think about it, upon reflection, you think, you know, this guy is essentially trying to buy legitimacy for his extreme views, which is, you know, that the American policy towards Israel is to blame for this attack on the World Trade Center, which, of course, is outrageous. I think it's blood money and we're better off without it."

There you have it. Accepting the Prince's money to help the families of the victoms of the 9/11 terrorist attack would have been taking "blood money." Accepting the Prince's money to pay Bill O'Reilly's salary....well that was a prudent business decision.

The Prince is today so influential in the decision making at News Corp. that he was recently called upon to approve Rupert Murdoch's chosen successor- his son by his second wife. (Rupert Murdoch left her in 1999, when he was 68, to marry his current wife, Wendi Deng, who had just turned 30. This is the man whose TV station champions "family values.")

Given that News Corp. and through the parent company, Fox News, is controlled by a Saudi Prince whose views on Israel in particular are considered extremist, and who said that the United States brought the terrorist attack of 9/11 on itself, do you still think that they are Fair and Unbiased?

 

fox saudi prince islam
30,658 views 25 replies
Reply #1 from JoeUser Forums Top

With my objections to the pointless snark duly recorded, I have to mostly agree with you on substance.  'Controlled' might be a bit strong, but I'm less than comfortable with the Saudis having any stake in a major US news organization.  Fox's commentators have been pretty staunch in their support of Israel to this point - time will tell whether this remains the case.

Reply #2 from Stardock Forums Top

I guess Fox News isn't running for any political office anytime soon, so if Prince Aladouche invests in them, it will probably have little to no effect. Hamas contributions didnt seem to hurt Obama and he was running for office. That being said, I really don't like Prince Alaweed or his politics. If Fox suddenly becomes a shill for Palestinian causes, I'll have to remember that it was Larry who bravely sounded the alarm first.

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Reply #3 from Stardock Forums Top

There you have it. Accepting the Prince's money to help the families of the victims of the 9/11 terrorist attack would have been taking "blood money." Accepting the Prince's money to pay Bill O'Reilly's salary....well that was a prudent business decision.

Did the "prince" make an outrageous statement when he handed over the money to Fox?

While I agree with the decision not to accept money from the Saudis for 911 (they bred the terrorists, they shouldn't buy their way out of their responsibility), I'm not sure this is really comparable.

If the Saudis want to finance a television station and get it to speak for them, that clearly falls under freedom of speech.

It's not a reason to watch Fox, of course.

 

Given that News Corp. and through the parent company, Fox News, is controlled by a Saudi Prince whose views on Israel in particular are considered extremist, and who said that the United States brought the terrorist attack of 9/11 on itself, do you still think that they are Fair and Unbiased?

I do not think that the Saudi "prince" is fair and unbiased. But his effective ownership of Fox (as a greater shareholder) does not make Fox unfair and biased.

It is perfectly possible (if perhaps unlikely) that the "prince" invested for profit alone or possibly because he wants to influence Fox in ways that profit his businesses rather than his politics.

The only thing that would make Fox unfair and unbiased (or, for that matter, fair and unbiased) is Fox' reporting.

Could we perhaps set up a test? We'll decide in advance what constitutes "unfair and biased" and see for a given event which news outlet matches our definition. That's the only way to determine who is fair and unbiased. I don't care if Fox wins or loses this game.

 

If Fox suddenly becomes a shill for Palestinian causes, I'll have to remember that it was Larry who bravely sounded the alarm first.

Given how much the Saudis hate Palestinian Arabs (or really anyone who isn't a pure Wahabi Arab) I don't think they really care much.

It should also be noted that in the last few years the "kingdom" of Saudi-Arabia has been more pro-Israel than anti-Israel in its rhetoric. I don't think they have changed and suddenly started to love freedom and humanity. It's just not in their interest to see Israel fall.

For all we know Saudi ownership might make Fox more pro-Israel since the "prince" can use this way to support the country he needs to survive while not having to speak up himself. None of the Arab regimes not allied with Iran really want Israel to go away at the moment.

 

Reply #4 from Stardock Forums Top

Not that I particularly like Fox' current stance on anything, as you (Larry) can probably imagine.

Reply #5 from JoeUser Forums Top

The big question is - So?

Has Fox turned into Al jazeera West?  While it bears close watching, unless and until the slant changes, I see no reason to get hysterical about it.  I dont think anyone has asked who owns CNN, ABC, NBC, CBS and MSNBC.  Who owns them is not important.  What is important is their slant.

Reply #6 from JoeUser Forums Top

I dont think anyone has asked who owns CNN, ABC, NBC, CBS and MSNBC.

Who owns them anyway?

 

 

Reply #7 from JoeUser Forums Top

Quoting Leauki, reply 6


I dont think anyone has asked who owns CNN, ABC, NBC, CBS and MSNBC.



Who owns them anyway?

 

 

Well, the MS in MSNBC stands for Microsoft, so I would think that Microsoft and NBC own MSNBC.  But that is just an ass-u-mption on my part.

Reply #8 from JoeUser Forums Top

While I agree with DrGuy, who really cares until we actually see Fox News actually acting under the control of this "prince".

What I find more interesting is how come Larry has not responded to any of the comments yet. Just curious.

Reply #9 from JoeUser Forums Top

Given how much the Saudis hate Palestinian Arabs (or really anyone who isn't a pure Wahabi Arab) I don't think they really care much.

That might or might not be true, but they seem to love using them as cannon fodder against Jews.

Reply #10 from JoeUser Forums Top

That might or might not be true, but they seem to love using them as cannon fodder against Jews.

Yes, they will fight Israel to the last Palestinian Arab.

Doesn't show love for either people, does it?

But the truth is that Saudi-Arabia has in the last 20 years or so used every opportunity it had to help Israel if it could be done without looking like Saudi-Arabia was helping Israel. In 2006 they even openly spoke up against Hizbullah for attacking Israel and in 2009 they (like the PA) forbade anti-Israel demonstrations. Finally, in 2008 they proposed what Israel proposed in 1967 as the "Saudi peace plan".

Saudi-Arabia only acts against Israel when the west gives it a chance to do so diplomatically.

Saudi-Arabia simply has no interest in destroying Israel. The Iran-supported Shia minority in the east and in Yemen are far too dangerous for Saudi-Arabia to be without an ally of last ressort in the nrighbourhood. The Saudi "royal" family know that their power is not based on anything but the fact that they are currently in power. They cannot risk losing a war against any rebel group, especially not when the American administration is known to be careful about intervening militarily and would rather talk with the rebels than stop them.

The Saudi government has been feeding its population crap about Israel and Jews for decades (part of it as propaganda against the former pre-Saudi kings who collaborated with the Zionists), thinking that Saudi-Arabia's Wahabism would be the alternative to Arab nationalism.

But now with Al-Qaeda and Iran at the helm of religious fundamentalism, Saudi-Arabia must be moderate.

 

Reply #11 from JoeUser Forums Top

Wouldn't read anything into it, Chuck.  He takes his time returning to his articles.

Reply #12 from JoeUser Forums Top

Maybe the Prince is an "Avatar" fan. Seems like that was a good FOX investment. I don't mind a little of the money we roll into Saudi oil, rolling back into the US. It is a pity he didn't invest in NBC, that way the cash would have been lost for good.

Reply #13 from JoeUser Forums Top

Wouldn't read anything into it, Chuck. He takes his time returning to his articles.

Probably, I guess I tend to believe that if one writes an article that will get lots of responses, one would be looking to read and reply to them, not just write it, walk away and come back some other time as if it wasn't really that important. I guess I put too much value on my writtings.

Reply #14 from JoeUser Forums Top

We all know every business has it's hands dirty some way or another. I don't really think this prince somehow makes Fox News say what he wants and I'm also sure that any new station gets money from more than one source so we can't say with centainty that O'Reily, Hannity or any other Fox reporter/entertainers check is actually from the money. For that matter I would be worried where my paycheck came from since the company is Mexican and it does business in over 150 locations around the world. Maybe my check came from terrorist money or from the Saudis as well. I'm not gonna lose any sleep over this.

Reply #15 from Stardock Forums Top

Saudi-Arabia simply has no interest in destroying Israel. The Iran-supported Shia minority in the east and in Yemen are far too dangerous for Saudi-Arabia to be without an ally of last ressort in the nrighbourhood.

I don't claim to be an expert on these matters, I only know what I read, but I think its safe to say that Saudi Arabia wouldn't shed a tear If Israel ceased to exist. Most of their pro-Israel posturing is only for Western consumption, and some stuff you mention isn't real;ly all that pro-Israel at all. But I understand what you're saying. If Iran wipes out Israe,l then Saudi Arabia would probably be in a lot of trouble as well and would probably soon  come under attack. The Mullahs would like to take control of all that oil while wiping out Sunni Islam in one fell swoop.

Reply #16 from JoeUser Forums Top

Quoting ChuckCS, reply 13

Wouldn't read anything into it, Chuck. He takes his time returning to his articles.
Probably, I guess I tend to believe that if one writes an article that will get lots of responses, one would be looking to read and reply to them, not just write it, walk away and come back some other time as if it wasn't really that important. I guess I put too much value on my writtings.

No, Larry is an occassional visitor.  I guess Brad keeps him too busy to play. ;)

 

But Larry, I would ask you one thing.  As a long time employee of Stardock, I take it you have some ownersip?  (Brad seems the kind of guy that rewards good work with stocks).  If so, then can we impugn that Stardock is in the tank for israel?

hardly.  The Saudi connection is an investment.  If it should lead to an editorial bias, we will see it and Fox will lose a lot of audience.  It works both ways.  I really doubt that Microsoft shares even 10% of the views of MSNBC, but they do own it.  I for one do not wish them to exert editorial control over it (although I do wish sane people would).

Reply #17 from JoeUser Forums Top

although I do wish sane people would

Good luck with that. :grin:

Reply #18 from JoeUser Forums Top

But Larry, I would ask you one thing. As a long time employee of Stardock, I take it you have some ownersip?

Privately held... no stock options for Larry. No soup for you... and you and you! :-)

Reply #19 from Stardock Forums Top

First off, thank you for forgiving me for not responding earlier, you all were right in assuming that it was the press of business and family that kept me away. Even worse, I am leaving for a business trip beginning tomorrow and will not be able to post replies for several days. But with that said, let me go out on a limb and possibly give you something to consider.

The first part of the story is the Saudi ownership of News Corp, which stretches well beyond Fox News. It is worth a minute or two of your time to look at how vast their holdings really are. MySpace, The New York Post, Sky Television in the UK, the list goes on. Remember the movie "Citizen Kane?" He was nothing compared to New Corp.

Be aware also that at the time of the Prince's initial investment, the Murdoch clan was facing a challenge for control from stockholders within the company. "In August 2005 the Murdoch family owned only about 29% of the company. However, nearly all of these shares were voting shares, and Rupert Murdoch retained effective control of the company. Nonetheless, John Malone of Liberty Media had built up a large stake, with about half of the shares being voting shares." Not long after the infusion of cash, the Murdoch's would reassert control. "Therefore, in November 2006, News Corporation announced its intention to transfer its 38.5 per cent managing interest in DirecTV Group to John Malone's Liberty Media; in return it bought back Liberty's 16.3% shares in News Corp., giving Murdoch tighter control of the latter firm." (The Prince, now with 7% of the voting stock is the second largest shareholder.)

The Prince also owns substantial stock in Disney and CitiCorp.

What makes you think that the Prince wants to change the direction of Fox News? Understand that Saudi Arabia, existing in a volatile part of the world, with no army to compare to its neighbors, has existed by getting others to fight amongst themselves. They offer a peace plan for Israel while continuing to provide funds to Hamas and Hizbollah. When Iraq invaded neighboring Kuwait, the Saudis allowed their land to be used as a base of operations for Operation Desert Storm. This contradicts the core values of their own Wahhabi roots.

Imagine who Fox News plays in the Middle East. What do you think the reaction in say Islamabad or Riyadh is to something like Fox accusing our President of being a secret Muslim? How do you think the Fox coverage of the Tea Parties plays in the Arab street?

But that may well be conspiracy theory stuff. (Though I believe that there may well be a kernel of truth to it.) Maybe the Prince is simply making what he thinks will prove to be a prudent monetary investment. What I want to know is how can people like Bill O'Reilly, Glenn Beck and now even Sarah Palin accept money from the Prince, when many of these same pundits decried donations to the 911 families from the same source?

By the way, General Electric is the majority owner of MSNBC these days. "Although Microsoft and NBC shared operations of MSNBC cable at its founding, it was announced on December 23, 2005, that NBC Universal would purchase a majority stake in the television network, which left Microsoft with 18%. The two companies remain partners in msnbc.com."

Reply #20 from JoeUser Forums Top

What I want to know is how can people like Bill O'Reilly, Glenn Beck and now even Sarah Palin accept money from the Prince, when many of these same pundits decried donations to the 911 families from the same source?

You think they should give 7% back?  Maybe O'Reilly, Beck & Palin are supporting Isreali causes with 'the Prince's money', who knows?  The notion that dollars are marked in some way and we shouldn't accept money from a source that accepts money from or is partly owned by a person or entity with which we disagree is tough - the 6 degrees of separation effect can hit anyone, even you.

That said, transparency/sunlight is the only counterbalance and this appears to be pretty transparent.

Reply #21 from JoeUser Forums Top

What do you think the reaction in say Islamabad or Riyadh is to something like Fox accusing our President of being a secret Muslim? How do you think the Fox coverage of the Tea Parties plays in the Arab street?

can you source that?  Or is this just one of the stories they covered about others making the claim of Obama's religious affiliation?  Reporting what is claimed is not claiming it.  But that is a tactic many use to impugn Fox - that by reporting a story - they are owning it.  I guess the National Enquirer was all wet when it reported about Edwards Love Child.  Must have been the national Enquirers love child, right?

 

Reply #22 from JoeUser Forums Top

As I said before, I don't question where the money from my paycheck comes from. Considering that I work for a Mexican company, for all I know my paycheck could be responsible for the poverty in Mexico, but do you think I'm gonna investigate that? I earned my paycheck and as long as I am not 100% sure my paycheck came directly dollar for dollar from a bad source, I'm not questioning it.

Reply #23 from JoeUser Forums Top



They offer a peace plan for Israel while continuing to provide funds to Hamas and Hizbollah. When Iraq invaded neighboring Kuwait, the Saudis allowed their land to be used as a base of operations for Operation Desert Storm. This contradicts the core values of their own Wahhabi roots.



I don't think Saudi-Arabia provides funding to Hamas and Hizbullah.

Hizbullah threatens their holiday resort (Lebanon) and Hamas destroyed their hopes of controlling "Palestine" via the PLO (which they do fund).

The reason Saudi-Arabia keeps trying to "re-unite" Hamas and PLO in a common "resistance" is not that they think a united "resistance" will be able to win the war but because there is an investment at risk.

Reply #24 from PolMach Forums Top

Fair and "unbiased"? Interesting switch of words. Fox has never claimed to be unbiased, just "fair and BALANCED." They show both sides of an issue, something a .... <ahem>... "journalist" should consider. Fox is "controlled" by the Prince? Uhhh... where does that come from?

 

I would be my pension you've got some connection to Halliburton in your 401k...... does that make you controlling of Dick Cheney?  LOL