News Corp.’s Second Biggest Shareholder Watches CNBC

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By Chris Ariens Comment

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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