CEO Rupert Murdoch is the only shareholder with more control. What's funny is that this news, which isn't really new, has Mr Farah in a real tither because he is only now finding out just how close the Prince and Mr Murdoch have become.
You see, Prince Alwaleed owns the Saudi equivalent to Fox News in his country: Rotana Media. There have been recent reports that expose the number of times the Prince influenced the reporting of international uprisings that he felt placed a negative light on Taliban rebels in Europe. I know what you're thinking.
Joseph Farah noted the incident where Alwaleed had boasted in the past about forcing Fox News to change it's content relating to its coverage of riots in Paris. Poor Joseph. You see, this brings a whole new level of suspicion on the validity of Fox News.
While speaking at the Constitutional Coalition Conference a few days ago, Farah noted correctly that such foreign ownership of American media is “really dangerous.”
I looked up this Farah character and the conference and found this quote from the man:
There’s a flaw, a real compromise in Fox that you need to understand. And if you care about national security, you especially need to be attentive to it. And that is that Fox News parent company is News Corp has a significant ownership by a Saudi prince that many of you will be familiar with because right after 9/11 this prince very famously offered Rudolph Giuliani a big multi-million dollar check to rebuild and Giuliani told him to stick the check where the sun don’t shine because this guy was basically blaming America for what happened on 9/11.
So then I looked up Alwaleed and found he had just been interviewed by Neil Cavuto as he reaffirmed why he has a personal stake in influencing American politics. Nice.
The Saudis need America to continue it's addiction to foreign oil. The Prince intends to keep Saudi Oil the number one source. What the connection with Fox News is, I don't know. Commentators on that channel continually confuse terrorists with the average Muslim on a daily basis, which is no different than the Amnesty/Open borders advocates when they confuse Immigration with Illegal Immigration. So I would have thought they would be less friendly toward each other.
It would be prudent to also expose that Alwaleed owns almost $5 billion dollars worth of Citigroup so he intends to help defeat any additional taxing of the major lending institutions proposed by the Obama administration. Remember the new rules of campaign finance that the Supreme Court just gave us? Get ready people! What's more...If you think that 15% limit on credit card rates has a chance, think again.