Politics
Out of context: Reply #10251
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- ukit0
"Prince Alwaleed bin Talal al-Saud of Saudi Arabia will back James Murdoch as Rupert Murdoch's successor at News Corp when the elder media tycoon is ready to retire.
"If he [Rupert Murdoch] doesn't appoint him, I'll be the first one to nominate him to be the successor of Mr Rupert Murdoch, God forbid if something happens to him," Prince Alwaleed said on the Charlie Rose show this week.
Prince Alwaleed's Kingdom Holdings owns a 7 per cent stake, or 56m shares, of News Corp and is the largest shareholder outside the Murdoch family."
Wow, so the largest shareholder in Fox News is a company run by the Royal Family of Saudi Arabia? I wonder if their views gets reflected in the programming at all...considering that they own large stakes of so many other American businesses.
Here is Neil Cavuto grovelling to the Prince, who is also the largest shareholder in Citigroup. Surprisingly, he doesn't want the bank tax Obama is proposing, which would hurt Citi's bottom line.