[noingenah]

I love Jon Stewart.

http://www.thedailyshow.com/watch/mo...t-company-trap

[Shinegayboyx]

So who is Alwaleed bin Talal? A member of the Saudi royal family and the second largest shareholder of News Corp., the parent company of.... drum roll please... Fox News.

Follow the money. Follow the money. Follow the moooonneeeey! Hahhahahahahh!!!

[r9tbayfC]

God, Stewart really does make his money playing to the complete economic ignorance of Liberals. These stupid liberals must actually believe that a company has some control over who buys their stock. It is a publically traded Company perhaps even some Liberals own Fox through mutual or pension Funds or perhaps even directly. ANYONE can buy stock in a company News Corp cannot do anything about it.

On the other hand the Ground zero mosque developers would be allowed to reject money from anyone.


Good Grief.

[Idorsearogele]

He met with Murdoch personally before making the stock acquisition.
The notorious Prince Alwaleed bin Talal, nephew to the Saudi king, met with Rupert Murdoch in Hong Kong on Jan. 14. The prince issued a press release after the meeting stating that the prince’s Kingdom Holding Company had discussions that "touched upon future potential alliances with News Corp."

By the time I appeared on Fox News, Prince Alwaleed was about to become News Corp’s fourth largest voting shareholder (behind the Murdoch family, Liberty Media, and Fidelity Management & Research Co, a mutual fund). In return, News Corp is took a 9% stake in his Saudi media holdings, actually deepening the ties between the two operations.

From Trade Arabia, published this week:
http://www.huffingtonpost.com/2010/0..._n_692790.html
The top management of Saudi-based media group Rotana met under the chairmanship of Prince Alwaleed bin Talal bin Abdulaziz Alsaud to discuss the latest developments at Rotana after its strategic alliance with global media giant News Corp.

The meeting, which was attended by Dr Waleed Arab Hashem, vice chairman and Fahad Alsukait, CEO, discussed ways to strengthen the strategic alliance with News Corp.

According to a company statement, Newscorp bought a 9.09 per cent stake in Rotana Group in February to further develop its postion in the media sector in the Middle East and expand it horizon.

Under the terms of the agreement, Rotana said the News Corporation would acquire newly-issued shares in Rotana for $70 million. News Corp has an option to boost its stake to 18.18 per cent in the 18 months following completion.

Pierre Daher, president of Rotana TV Channels, and the members and representitives from News Corporation including Marc Heller, Gary Davey besides Charlotte Burr, vice president of Star Group and Michael Nelson, CFO of Rotana also attended the meeting. Here's a picture of the Saudi Prince meeting with News Corp executives this week.

[Aswdwdfg]

Good point, it would be reasonable to say that News Corp is funding terrorism by partnering, in this Rotana venture, with a man who funds terrorism profits off Newscorp's investment. I wonder if Fox will do a story on this?

That said the fact that someone own shares in a Public company that that company is somehow responsible for that shareholders actions, as John Stewart claimed, is ridiculous.

The two things are completely different.

[RicardoHun]

Actually, that's not the point that Jon Stewart was making. He didn't say that Faux News is responsible for his actions, he merely showed that some of the profits from that network go to this man who is, according to them, funding terrorism, which would make the network a source of that funding. whether they (and you) like it or not.

The further point, that Faux News left out that key information, is simply an indictment of their alleged journalistic integrity. Trust me on this, they won't be doing any stories identifying him by name.

Bottom line: Faux News said to follow the money, and Stewart did.

[Almolfuncomma]

And then there's this:
http://www.aim.org/press-release/sau...news-coverage/
Saudi Billionaire Boasts of Manipulating Fox News Coverage

By Accuracy In Media | December 7, 2005

WASHINGTON—Accuracy in Media (AIM) is urging a full inquiry into a report that a Saudi billionaire caused the Fox News Channel (FNC) to dramatically alter its coverage of the Muslim riots in France after he called the network to complain. The Saudi billionaire, Al-waleed bin Talal, is a friend of News Corporation chairman Rupert Murdoch and controls an influential number of voting shares in the company.

“This report underscores the danger of giving foreign interests a significant financial stake in U.S. media companies,” declared Cliff Kincaid, editor of Accuracy in Media.

The controversial comments came at an Arab media conference featuring representatives of Time magazine, USA Today, PBS, The Wall Street Journal, and other news organizations. The conference and the Saudi Prince’s growing influence in News Corporation are among the subjects of a new December-A AIM Report that has just been posted at the AIM website (http://www.aim.org). The report raises the specter of Arab money influencing News Corporation and other U.S. media companies.

Liberal journalist Danny Schechter, a participant in the conference, reports that Al-waleed, who is a member of the Saudi Royal Family and investor in the Fox News parent company News Corporation, gave an interview boasting that he had called Fox to complain about coverage of the “Muslim riots” in France. He said he “called as a viewer” and “convinced them to change” the coverage because “they were not Muslim riots but riots against poverty and inequality.” And “they changed” the coverage, the Saudi reportedly said.

Another report on the comments, carried by the Dubai-based newspaper the Khaleej Times, says that Al-waleed personally called Rupert Murdoch to complain. The Saudi said, “After a short while, there was a change” in the coverage.

[masterboyz]

Thank you for that, Richard. I had suspected that there would have been some influence, but hadn't found anything that would have confirmed my suspicions.

[Abaanto]

Actually, that's not the point that Jon Stewart was making. He didn't say that Faux News is responsible for his actions, he merely showed that some of the profits from that network go to this man who is, according to them, funding terrorism, which would make the network a source of that funding. whether they (and you) like it or not.

Bottom line: Faux News said to follow the money, and Stewart did.

And that is a stupid and ignorant point public corporations cannot control who their shareholders are, wheras the Ground zero mosque developers certainly can control where their money comes from. It is a matter of control.

[lammaredder]

And that is a stupid and ignorant point public corporations cannot control who their shareholders are, wheras the Ground zero mosque developers certainly can control where their money comes from. It is a matter of control.

Should a news organization be able to control influence over news stories by a shareholder, Paul?

[CedssypeEdids]

And that is a stupid and ignorant point public corporations cannot control who their shareholders are, wheras the Ground zero mosque developers certainly can control where their money comes from. It is a matter of control.

Well, since I never said that Fox COULD control who their shareholders are, your hostility and insults are unwarranted. Inconvenient facts are still facts, though, and Fox profits do end up in bin Talal's hands, where they go wherever he wants them to go. Since Fox has reported that he funds terrorism, full disclosure (a part of reputable journalism) ought to have them disclosing the fact that he is a major shareholder in their company.

And, of course, there's no objective need for a CEO to buddy up with a shareholder.....



http://www.zimbio.com/pictures/5Mrqt...Rupert+Murdoch