American Samizdat

Monday, September 26, 2005. *
Saudi Prince Buys 5.46% of NewsCorp
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If you thought Fox corporation couldn't get any weirder, wait'll Prince Al-Waleed bin Talal starts grandstanding at the shareholders' meeting:
Arutz Sheva: "Saudi Prince Al-Waleed bin Talal has purchased 5.46 percent of the Fox corporation, according to Gulf Daily News, raising concern that the conservative Fox News may soften its anti-terror stance due to the views of the new shareholder.

Al-Waleed, the nephew of the late Saudi King Fahd, was in the news when he visited the World Trade Center's remains just after the September 11th attacks and offered then-New York City Mayor Rudy Giuliani a $10 million check for relief efforts. Al-Waleed then released a statement blaming US foreign policy and support for Israel for the attacks.

Giuliani returned the prince's check with a statement that, "There is no moral equivalent for this attack. The people who did it lost any right to ask for justification when they slaughtered . . . innocent people ... Not only are those statements wrong, they're part of the problem."

Capitalism doesn't discriminate between terrorist apologists and American presidential apologists. Fox News viewers aren't particularly fond of terrorist apologists, but they loves them some free market economy. Heads ought to start exploding all over RedAmerica when the BushLovers come to know that their favorite source for barely factual news and opinion is owned in part by a royalist living in a monarchy that nurtured most of the men who attacked America on 9/11. The Prince, of course, is a big fan of Rupert Murdoch, (MediaGuardian) "The prince repeated his support for Mr Murdoch, whose grip on the company through his family's 30% shareholding has been threatened since rival media mogul John Malone built up an 18% stake earlier in the year."

Does this partnership strike anyone else as odd? NewsCorp (not to mention all of the corporate media companies) has steadfastly refrained from reporting negatively on Saudi Arabia, the center of terrorist funding and a consistent perpetrator of human rights abuses. Why? There are lots of possible explanations, including several that don't require tinfoil accoutrements. Just know that the corporate media is not going to tell you what you need to know. They're going to tell you what they want you to know, so their billionaire, terrorist-supporting / Bush supporting shareholders can continue to see their wheels greased.
posted by Gordon Smith at 9:04 PM
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