Doesn't an Arab sheik also own part of the parent company of FNC?
Yes, a member of the House of Saud.
LS
Yes, Prince Alwaleed - the one who offered a large check to Mayor Giuliani at the time of the WTC bombing while saying that the US needs to change its foreign policy, and then Giuliani returned the check.
I remember reading about an incident on Fox News in which a reporter was reporting on something that the Prince thought cast a bad light on Saudi Arabia. He called up Murdoch and Murdoch put a stop to the report.