Just when you thought Fox News was one of the best sources of relyable news, a Saudi Prince with an agenda buys a significant interest in the parent company.
Saudi Prince al-Waleed bin Talal boasted in Dubai earlier this week about his ability to change the news content that viewers around the world see on television.
In early September 2005, Bin Talal bought 5.46% of voting shares in News Corp. This made the Fifth richest man on the Forbes World’s Richest People, the fourth largest voting shareholder in News Corp., the parent of Fox News. News Corp. is the world’s leading newspaper publisher in English. It operates more than 175 newspapers, in the UK, Australia, Fiji, Papua New Guinea and the US, and distributes more than 40 million papers per week. In addition, News Corp. owns and operates an international collection of TV outlets, radio stations, magazines, book publishers and film studios.
Keep an eye out for a change in the slant of the news.
Complete story: Buying Fox News by Dr. Rachel Ehrenfeld and Alyssa A. Lappen.