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News Corp buys $70m stake in Saudi group (FNC)
Financial Times ^ | 2-23-10 | Lina Saigol in London, Andrew Edgecliffe-Johnson

Posted on 02/23/2010 9:08:37 PM PST by STARWISE

Rotana Media, the broadcaster and music group owned by Saudi billionaire investor Prince Alwaleed bin Talal, said it had agreed to sell a $70m stake to News Corp, Rupert Murdoch’s global media empire.

Rotana said on Tuesday that News Corp had agreed to buy a 9.09 per cent stake with an option to take this up to 18.18 per cent.

The move will mark News Corp’s most significant investment so far in the Middle East, where faster GDP growth, a young population and maturing advertising markets have begun to draw US and European media groups facing slow growth in their home markets.

”This is a qualitative leap not just for Rotana but for the whole Arab world,” Prince Alwaleed told a press conference. ”We are set to gain deep experience from News Corp ... on television, movie production and technology,” he said. ”They own MySpace ... We can learn from this, the new media field.”

The acquisition will also tie the Murdoch family closer to one of their most important shareholders.

Prince Alwaleed’s Kingdom Holdings owns 7 per cent, or 56m shares, of News Corp’s class B stock and is the largest shareholder outside the Murdoch family.

The prince is not on News Corp’s board of directors, but last month anointed James Murdoch, head of News Corp’s European and Asian operations, as his father’s eventual successor.

“If he [Rupert Murdoch] doesn’t appoint him, I’ll be the first one to nominate him to be the successor of Mr Rupert Murdoch, God forbid if something happens to him,” the prince told Charlie Rose, a US television interviewer.

Rotana, which owns a variety of media assets from an online music video on demand site modelled on News Corp’s Hulu joint venture to a large library of music from the region, already shows programming from News Corp’s Fox channels in Saudi Arabia through its free-to-air television network.

An investment in Rotana has been under discussion for some time and many expected a deal to be done last autumn. One person familiar with the deal described it as ”small but symbolic”.

The decision to invest follows meetings between Mr Murdoch and Prince Alwaleed in New York in January, when the pair discussed a “future potential alliance with News Corp”, according to a statement on the Kingdom Holdings website. The day-to-day relationship between News Corp and Rotana is likely to be managed by James Murdoch’s team, however.

News Corp declined to comment.


TOPICS: Breaking News; Business/Economy; Culture/Society; News/Current Events
KEYWORDS: alwaleedbintalal; bintalal; foxnews; newscorp; princealwaleed; saudi
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When billionaires converge ...


1 posted on 02/23/2010 9:08:38 PM PST by STARWISE
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To: onyx; penelopesire; seekthetruth; television is just wrong; jcsjcm; BP2; Pablo Mac; ...

2 posted on 02/23/2010 9:13:11 PM PST by STARWISE (They (LIBS-STILL) think of this WOT as Bush's war, not America's war- Richard Miniter)
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To: STARWISE

Stooges for the Saudis. What birth certificate? FU - Beck and the Leprechaun.

One had a porn and booze addiction - the other is a sex pervert. LOL! what’s with the effing wonky left eye on the Leprechaun in that picture? Paris Hilton has a wonky eye too.

Anyone remember when beck was not a Saudi stooge? He ripped Islam to the point he was getting death threats.


3 posted on 02/23/2010 9:15:49 PM PST by Frantzie (TV - sending Americans towards Islamic serfdom - Cancel TV service NOW)
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To: STARWISE

Us little people are sooooooooooooooo screeeewwwwwwwwwwed.


4 posted on 02/23/2010 9:18:33 PM PST by CaribouCrossing
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To: STARWISE

What the heck are they drinking?


5 posted on 02/23/2010 9:20:07 PM PST by hoosiermama (ONLY DEAD FISH GO WITH THE FLOW.......I am swimming with Sarahcudah! Sarah has read the tealeaves.)
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To: STARWISE

Do not trust them!


6 posted on 02/23/2010 9:21:23 PM PST by omega4179 (jdforsenate.com hunt some rinos 2010)
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To: STARWISE

Wow!!! The News CORPSE did that?


7 posted on 02/23/2010 9:24:48 PM PST by no dems (If you think Obama is a better President than Sarah Palin would be, lay down the crack pipe.)
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To: Frantzie

Maybe it’s an evil eye!!

L0L!!!


8 posted on 02/23/2010 9:28:18 PM PST by TruthConquers (Delendae sunt publicae scholae)
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To: STARWISE
I'd buy media influence in that part of the world if I was a billionaire. Bet I could put a dent in those al jazeera ratings.
9 posted on 02/23/2010 9:34:33 PM PST by Perchant
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To: no dems

Prince Alwaleed has been the 2nd highest
shareholder in News Corp for awhile; now,
Rupert’s returning the favor I guess and
buying into Alwaleed’s Middle East media
empire.

Remember that Alwaleed gave $10M to Giuliani
after 9/11 with the proviso that Rudy state some
blame on behalf of the US first. Thankfully,
Giuliani emphatically refused and the check was
not taken.

Alwaleed apparently extracts what he wants for
his sheckels.


10 posted on 02/23/2010 9:40:14 PM PST by STARWISE (They (LIBS-STILL) think of this WOT as Bush's war, not America's war- Richard Miniter)
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To: STARWISE

....a trivial sum compared to the millions spent on asparagus.


11 posted on 02/23/2010 9:51:40 PM PST by Squantos (Be polite. Be professional. But have a plan to kill everyone you meet)
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To: STARWISE
I knew FOX news was changing when I saw that they hired Joe Trippi and a Fox news contributor.

Also, remember during the French Riots when the Saudi ambassador told Fox news to stop covering the riots because the rioters were muslimes. Fox obeyed. I don't trust Fox news.

12 posted on 02/23/2010 9:55:16 PM PST by GinaLolaB
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To: GinaLolaB

I, too, sense a new dynamic .. subtle, but there.
I expect there’ll be more changes, as well.


13 posted on 02/23/2010 10:02:58 PM PST by STARWISE (They (LIBS-STILL) think of this WOT as Bush's war, not America's war- Richard Miniter)
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To: Squantos

Ooh .. we’re in the vegetable patch now ? .. ;)


14 posted on 02/23/2010 10:03:56 PM PST by STARWISE (They (LIBS-STILL) think of this WOT as Bush's war, not America's war- Richard Miniter)
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To: STARWISE

Rupert is aging. I see that his libtard son is getting more and more involved.

UGH.


15 posted on 02/23/2010 10:09:32 PM PST by onyx (BE A MONTHLY DONOR - I AM)
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To: Frantzie

What do you care? You supposedly purged TV from your life completely.


16 posted on 02/23/2010 10:13:01 PM PST by thecabal (Destroy Progressivism)
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To: onyx

Yup .. he’s gettin’ up there ..

http://www.businessweek.com/news/2010-01-21/alwaleed-backs-james-murdoch-as-news-corp-successor-correct-.html


17 posted on 02/23/2010 10:30:38 PM PST by STARWISE (They (LIBS-STILL) think of this WOT as Bush's war, not America's war- Richard Miniter)
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To: STARWISE

I know and I want Rupert *and* Roger Ailes to live LONG, healthy lives.


18 posted on 02/23/2010 10:40:52 PM PST by onyx (BE A MONTHLY DONOR - I AM)
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To: STARWISE
O'Sullivan's First Law: All organizations that are not actually right-wing will over time become left-wing.
Fair and Balanced becomes Third Worldist.
19 posted on 02/23/2010 11:35:32 PM PST by rmlew (Democracy tends to ignore..., threats to its existence because it loathes doing what is needed)
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To: STARWISE

Maybe this is why I can’t find Fox tv anywhere on line now...just happened this week....the sites I used all say it’s been removed at Fox’s request I understand...I can get radio but it just isn’t the same.


20 posted on 02/24/2010 2:27:31 AM PST by caww
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To: STARWISE

21 posted on 02/24/2010 3:14:40 AM PST by SkyPilot
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To: Frantzie
One had a porn and booze addiction...

"Had". Even you say it. Do you despise all your friends that conquered addictions, too?

22 posted on 02/24/2010 3:21:50 AM PST by raybbr
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To: raybbr

I like Beck’s talent. I hope he never drops his sense of humor. I like his deep studies. But a single fly spoils the ointment. [Proverbs]

When someone feels betrayed, he or she will attempt to exploit every weakness. He or she will ridicule a boor for being boring, or a funny guy for not being serious enough. That’s the way people are.

Beck’s main problem is that he’s alienating his base. He might want to draw in other people, but at some point, when you favor newcomers over those who fought on your behalf, the newcomers don’t trust you and your former friends feel betrayed. My two cents.

Mark Levin:
Mark Levin to Beck: Stop dividing us
http://www.wnd.com/index.php?fa=PAGE.view&pageId=125948

Poll — 58% of Republicans question Obama’s Constitutional Qualification
http://www.politico.com/blogs/glennthrush/0709/58_of_GOP_not_suredont_beleive_Obama_born_in_US.html
[I agree that a KOS poll isn’t the most accurate, but it’s the only one I know of reg. republican %.]

If I could advise Beck, it would be — quit ticking off conservatives and sounding like an after-birther. If you have nothing nice to say ... you know the rest.


23 posted on 02/24/2010 3:31:15 AM PST by Arthur Wildfire! March (Farah: "If [certifigate]'s been settled show us the birth certificate. Simple.")
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To: GinaLolaB

They have been tacking left for the past 6 months or so. I’m watching a lot less. Pretty much get my news from the internet these days.


24 posted on 02/24/2010 3:35:38 AM PST by jersey117
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To: Arthur Wildfire! March
If I could advise Beck, it would be — quit ticking off conservatives and sounding like an after-birther. If you have nothing nice to say ... you know the rest.

Somehow I knew it would be the birther issue when I started reading your post.

Levin is an ass. He's berates the arrogance of Obama in an arrogant way. He's rude and obsequious to people he doesn't agree with.

People here trash Beck because he used to cry on the air when he was telling some very touching stories but yet they don't say anything about Levin's half hour whine fests about his dogs.

I listen to Levin and agree with his analyses on politics.

It's funny. You send me a link to Levin saying we should stick together all the while he's trashing Beck. I see the hypocrisy.

25 posted on 02/24/2010 3:42:15 AM PST by raybbr
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To: raybbr

So you knew I was typical of most republicans when you read my post? I’ll take that as a compliment.

“Levin is an ass. He’s berates the arrogance of Obama in an arrogant way. He’s rude and obsequious to people he doesn’t agree with.”

Levin is a SCOURGE. If he has a problem with someone, he is convinced that he must do something about it. I don’t think your problem with Levin speaks well of you.

“People here trash Beck because he used to cry on the air when he was telling some very touching stories ...”

They are just looking for any weakness. You refuse to understand the root of their anger. The root is a feeling of betrayal. We all know Beck is smart enough to know the truth. He’s obviously one of the sharpest knives in the shelf, so he can’t be like others who pretend to have blind spots.

“It’s funny. You send me a link to Levin saying we should stick together all the while he’s trashing Beck. I see the hypocrisy.”

See what you want. If this post doesn’t help you understand, I hope I can convince myself to let you have the last word.


26 posted on 02/24/2010 4:02:56 AM PST by Arthur Wildfire! March (Farah: "If [certifigate]'s been settled show us the birth certificate. Simple.")
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To: Arthur Wildfire! March
So you knew I was typical of most republicans when you read my post? I’ll take that as a compliment.

No, I just knew where you were going.

Levin is a SCOURGE. If he has a problem with someone, he is convinced that he must do something about it. I don’t think your problem with Levin speaks well of you.

LOL Okay, I get to hear Levin and you don't know me at all yet you can make an over all judgment about me with one post.

They are just looking for any weakness. You refuse to understand the root of their anger. The root is a feeling of betrayal. We all know Beck is smart enough to know the truth. He’s obviously one of the sharpest knives in the shelf, so he can’t be like others who pretend to have blind spots.

I notice you don't address the hypocrisy of trashing Beck for being emotional and NOT saying anything about Levin's half hour sob stories about his dogs.

See what you want. If this post doesn’t help you understand, I hope I can convince myself to let you have the last word.

So, just end the discussion after one post? Honestly, do think someone should be able to completely change YOUR mind with one post?

We have different views. Your "I'm going to take my ball and go home" because I don't change my mind after one post is immature. If you have a better line of reasoning - post it and we can have a discussion. If you don't (or don't want to) fine. I can live with it.

27 posted on 02/24/2010 4:23:02 AM PST by raybbr
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To: STARWISE

Sounds straight out of the movie “Network”.


28 posted on 02/24/2010 4:29:59 AM PST by dfwgator
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To: Arthur Wildfire! March
Beck’s main problem is that he’s alienating his base.

He's exposing the progressives in both parties, and I stand behind him 100%. Progressivism, no matter who uses it, is what's destroying this country.

No. Beck is not alienating his base. I would guess those who are attacking him have their own agenda, because Beck is trying to remind people how great this country once was - and can be again. Why would that be a bad thing?

In my opinion, because of people like Beck, this country may actually have a chance to fix the current administrations disastrous policies, and maybe even a few thousand others that came before them.

29 posted on 02/24/2010 4:38:36 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: SkyPilot

"Take this quarter, go downtown, and have a rat gnaw that thing off your face!"........Uncle Buck

30 posted on 02/24/2010 4:59:21 AM PST by Cagey
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To: Cagey
Some resemblance to Sean Penn. SmileyCentral.com
31 posted on 02/24/2010 5:05:04 AM PST by verity (Obama Lies)
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To: raybbr
Truth is we can ill afford circular firing squads among the top talkers. The top talkers need to learn to get along with one another and that means savage as well!

Everyone has a different broadcast style. without those differences in style they don't get to the top. Think about it.

Respect for the way another many runs his show is absolutely necessary. Without that we will be come just a bunch of shouting useless dems.

32 posted on 02/24/2010 5:25:31 AM PST by rodguy911 ( Sarah 2012!!! Home of the free because of the brave.)
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To: jersey117

I’m watching Fox a lot less these days as well. O’Reilly is just terrible now. Hannity is fairly predictable. Beck is educational—but so much doom and gloom! At this point, I’d like to hear solutions! Although, sometimes I feel it’s hopeless—the Congress is populated with many millionaires completely disconnected from the rest of the population. I live in NY and would love to vote Schumer, Gillebrand and Lowey out—but the Republicans have not put up any challengers that I know of! So if you can’t vote them out, what else is left to do!


33 posted on 02/24/2010 5:25:53 AM PST by samsmom
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To: STARWISE

And just as a reminder on that, Jihad Cyndy McKinney, form Congresscritter from the GA 4th District (adjacent to John Lewis’ GA 5th) jumped up and volunteered to accept the money. Fortunately that got shut down, too.


34 posted on 02/24/2010 5:45:36 AM PST by FreedomPoster (No Representation without Taxation!)
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To: STARWISE
Owns a lot more media than just 7% of news corp.

Bin Talal, Time Magazine, CNN


35 posted on 02/24/2010 6:12:22 AM PST by chuck_the_tv_out ( <<< click my name: now featuring Freeper classifieds)
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To: Cagey

ROTF!


36 posted on 02/24/2010 6:18:30 AM PST by Rebelbase
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To: STARWISE

explains a lot


37 posted on 02/24/2010 6:24:19 AM PST by tutstar (Baptist Ping list - freepmail me to get on or off.)
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To: raybbr

>> I notice you don’t address the hypocrisy of trashing Beck for being emotional and NOT saying anything about Levin’s half hour sob stories about his dogs.

True.

Levin is using a sledge hammer to crack an egg. He should know better.


38 posted on 02/24/2010 6:34:49 AM PST by Gene Eric (Your Hope has been redistributed. Here's your Change.)
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To: STARWISE

How is the relevant to the volume of non-investment funds we send to the Middle East for oil?


39 posted on 02/24/2010 6:37:38 AM PST by Gene Eric (Your Hope has been redistributed. Here's your Change.)
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To: STARWISE
”We are set to gain deep experience from News Corp ... on television, movie production and technology,” he said. ”They own MySpace ... We can learn from this, the new media field.”

Goebbels would be proud. The same liberal Democrats who learned to successfully market Obama in 2008, studied the works of Communist and Nazi propagandists. This is no joke.

Film majors often study the persuasive techniques of Leni Reifenstahl and Sergei Eisenstein (even though thousands of filmmakers have done groundbreaking work since them).

Shepherd Fairey, the man behind the Hope-Change poster campaign lifts iconography and layout completely from Communist (and sometimes Nazi) propaganda works.

What better way to sell Islamic Theocratic superiority to the West but to adopt the West's channels of communication and techniques?

40 posted on 02/24/2010 7:28:51 AM PST by a fool in paradise
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To: raybbr

I want to like Beck too. Just can’t explain how he’s done a 180 on Islam. Can you?


41 posted on 02/24/2010 7:33:14 AM PST by genetic homophobe
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To: genetic homophobe
I want to like Beck too. Just can’t explain how he’s done a 180 on Islam. Can you?

I honestly don't remember him going after Islam. So I really don't see where he did a "180"? I just don't remember him doing it.

42 posted on 02/24/2010 7:36:33 AM PST by raybbr
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To: STARWISE
Rotana, which owns a variety of media assets from an online music video on demand site modelled on News Corp’s Hulu joint venture to a large library of music from the region, already shows programming from News Corp’s Fox channels in Saudi Arabia through its free-to-air television network.

I wonder what programs those are???

43 posted on 02/24/2010 7:44:08 AM PST by Uncle Chip (TRUTH : Ignore it. Deride it. Allegorize it. Interpret it. But you can't ESCAPE it.)
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To: raybbr

2006 WASHINGTON — CNN TV host Glenn Beck tells NewsMax that he believes “Islamic extremism is the biggest threat to our way of life since World War Two and we’ll never be able to fight it – if we can’t see it.”
http://archive.newsmax.com/archives/articles/2006/11/14/170416.shtml

2007 Glenn Beck : Radical Islam Exposed - http://www.youtube.com/watch?v=bYXAWgY__1w

2008 Glenn Beck on Islam
http://www.youtube.com/watch?v=VjS_0mbKH7I

Feb, 2009 Glenn Beck interviews Geert Wilders on Islam and the Koran -
http://www.youtube.com/watch?v=FhwU4rvbxKY

I don’t know if he has done anything since then.


44 posted on 02/24/2010 8:44:00 AM PST by justsaynomore
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To: justsaynomore
Thanks for those. I will look at them later.

I'm guessing that Glenn has decided to build a case against Obama from the standpoint of Obama's radicalism and the people he surrounds himself with.

I have heard him recently talk about Obama's Islamic envoy in negative terms but, it does appear he's switched his focus to the the WH and Obama's subversive people within.

45 posted on 02/24/2010 8:53:08 AM PST by raybbr
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To: raybbr
No, Glenn Beck is doing the best he can to slam progressives and commies, which he's still allowed to do. The Obama admin throws him bones like Van Jones all the time, in exchange for Beck slamming birthers. His boss told him to lay off Islam, so he did. He's doing very well for himself, too.

I used to love him, now I still watch/listen to him, but with some skepticism. Anyone who calls me a kook for suspecting Obo's COLB is either stupid, or corrupt. Beck ain't stupid.

46 posted on 02/24/2010 10:07:57 AM PST by genetic homophobe
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To: STARWISE

He is a stooge for the Saudis. See Muslim Brotherhood about the Saudis global caliphate and the export of Islam to the west.


47 posted on 02/24/2010 10:52:28 AM PST by Frantzie (TV - sending Americans towards Islamic serfdom - Cancel TV service NOW)
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To: AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; ...
Lest we forget:
Prince Alwaleed's Kingdom Holdings owns 7 per cent, or 56m shares, of News Corp's class B stock and is the largest shareholder outside the Murdoch family.
Thanks STARWISE.
48 posted on 02/24/2010 6:21:33 PM PST by SunkenCiv (February 23, 1945 -- Freedom is Priceless.)
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To: concerned about politics

I doubt that Mark Levin is part of some progressivive conspiracy— seriously. I’m fond of Glenn Beck, but darn.

” ... Beck is trying to remind people how great this country once was - and can be again.”

I agree with that.

But is WorldNetDaily part of the secret progressive conspiracy?
Meet kinder, gentler Glenn Beck: New ‘global warming’ believer [?????????]
http://www.wnd.com/index.php?fa=PAGE.view&pageId=125949
Finds common ground with George Clooney, his publicist is Democratic Party power player
[I’m hoping this is satire. Beck once mentioned polar bears using ice bergs the size of Texas to ram Australia. On the other hand ...]
“Beck’s personal publicist, Matt Hiltzik, is a Democratic power player who helped get Hillary Rodham Clinton elected to the U.S. Senate ...”

Is it true that he’s preaching about the dangers of CO2 now? Or is that shtick? Is it true that Beck has a former Hillary publicist?

I don’t mind people turning to good publicists and agree that might not mean a bad thing, but how on earth did such a patriot tick off WorldNetDaily? The place is as pro-life Christian conservative as you will ever find. Bachmann considers WND required reading, and so do I.

Beck needs to talk with Farah and Levin. He needs to make peace with them if he’s to ever have a chance of being the leader of the anti-leftists. At the same time, I hope he keeps his delightful sense of humor.

— FRegards ....


49 posted on 02/25/2010 2:41:20 AM PST by Arthur Wildfire! March (Farah: "If [certifigate]'s been settled show us the birth certificate. Simple.")
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To: raybbr

OK, since you really want to talk with me more [to the point of calling that immature], I’ll try to remain patient.

“LOL Okay, I get to hear Levin and you don’t know me at all yet you can make an over all judgment about me with one post.”

“Not speaking well of someone” is not a judgment. Trying to call Levin a “pest” in defense of Beck is something I find a little odd.

“I notice you don’t address the hypocrisy of trashing Beck for being emotional and NOT saying anything about Levin’s half hour sob stories about his dogs.”

Levin nearly retired after losing his dog. Yes, the flesh is weak. I agree it’s kind of pathetic, but I believe all good people are vulnerable in the “loved ones” department —even fictional Jack Baur. I’m a cold enough SOB that I could probably keep chugging if all people I loved died at once. But that doesn’t speak well of me, does it?

In case you didn’t know, Levin’s written another book since then. Right now he is trying to rally conservatives, and he sees Beck as a threat to unity. Even before Levin said something, I too was concerned that Beck was undermining unity by trying to make 58% of republicans sound fringe [as I understand it, he’s proudly after-birther]. Most birthers are pro-life, while most after-birthers are pro-death. I don’t remember Beck complaining when John McCain showed his birth certificate. Is it Beck’s opinion that no presidential candidate should do that?

What is the point in us debating more? Our arguments are circular. Basicly, you appear to give up on a guy when he goes a little overboard about dogs. That’s a pretty steep level of judgmentality, and yet you call me judgmental.

“Your “I’m going to take my ball and go home” because I don’t change my mind after one post is immature.”

I like to think of it as time management. When I conclude that someone is dug in on something, I’m trying to learn to let him have the last word.

“If you have a better line of reasoning - post it and we can have a discussion.”

I’m not God. I can only point out that Beck has ticked off two important conservative voices: Levin and WND. They aren’t part of any conspiracy against him. Why desn’t he just reach out and talk with him?

I do respectfully disagree with Levin about Beck’s sense of humor. It’s brilliant. But for whatever reason, Beck has ticked him off, and Levin is looking for weaknesses. Levin frequently mentions a need for unity and sees Beck as a threat to that. Unity sometimes requires whacking troublemakers over the head with a newspaper.


50 posted on 02/25/2010 3:07:39 AM PST by Arthur Wildfire! March (Farah: "If [certifigate]'s been settled show us the birth certificate. Simple.")
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