Saudia Arabia & Fox News.

[Suff]

The Prince of Saudia Arabia owns a significant chunk of Fox News and last month bragged about controlling content,




December 13, 2005

Saudi Prince al-Waleed bin (http://195.224.230.11/english/?id=15135) 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% (http://www.forbes.com/2005/09/06/alwaleed-murdoch-billionaires-cx_gl_0906autofacescan02.html) of voting shares inNews Corp. This made the Fifth richest man on the Forbes World's Richest People (http://www.forbes.com/2005/03/09/bill05land.html), the fourth largest voting shareholder in News Corp., the parent of Fox News. News Corp. is the world's leading newspaper publisher (http://www.newscorp.com/operations/newspapers.html) 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.

http://frontpagemag.com/Articles/ReadArticle.asp?ID=20490

[toetoe]

I don't trust Fox News, but how is his chunk a controlling interest, exactly? :confused:

[Suff]

I don't trust Fox News, but how is his chunk a controlling interest, exactly? :confused:

He's the 4th ranked voting shareholder. Under SEC rules anytime an investor purchases greater than a 5% stake in any US company they must file a public notice as such.

A 5% interest affords you certain benefits as a shareholder such as calling board meetings, Merger and aquisition targets and other certain Wall Street angles.

[Tom]

...but not controlling broadcast content?