As violence raged and martial law was decreed in Egypt over the weekend, Saudi Prince Alwaleed Bin Talal met with the Egyptian Ambassador to Saudi Arabia. Why is this a TVNewser story, you ask? Because look at what was on the TV during this meeting: CNBC’s “Squawk Box.” Even more interesting, Prince Alwaleed is the second-largest shareholder of News Corp., which owns Fox Business Network. FBN isn’t likely available in Riyadh, or maybe the Prince is just a Joe Kernen fan. Alwaleed’s media investments go beyond News Corp. He also owns most of Rotana Group (News Corp. has a minority stake). Among Rotana’s holdings is a chain of pan-Arab radio and TV channels.
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