"History is philosophy teaching by example." (Lord Bolingbroke)

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Monday, September 12, 2005

Saudi Billionaire Boosts News Corp. Voting Stake

Do you remember the maxim: "He who has the gold makes the rules"? What about this one: "He who owns the news corporation controls the news" ?

NEW YORK (Hollywood Reporter) - Saudi Arabian billionaire investor Prince Alwaleed bin Talal said Tuesday he now holds a 5.5% voting stake in Rupert Murdoch's News Corp. and is ready to raise his stake, especially if it is necessary to shield Murdoch from any potential hostile takeover attempts by the likes of John Malone's Liberty Media.

Investment vehicles controlled by the prince's Kingdom Holding Co. have converted what was last reported to be a 3% non-voting stake in the entertainment conglomerate into the new voting holding.

In an interview on CNBC Tuesday, Alwaleed said he has communicated his strategy to Murdoch and was "mobilized and ready" to further boost his voting stake "if we feel that the strategy of Mr. Murdoch and his son and his family is being threatened by any outsider." He added: "Clearly, this is something we will not accept, because we are very happy as shareholders with what Mr. Murdoch is doing."

A News Corp. spokesman Tuesday declined to comment on the news, but company sources said the Saudi prince has long been regarded by Murdoch as an ally in his showdown with Malone.

Should we be concerned or even worried? You betcha! The manipulation of information is a key strategy in any war. Over the centuries Islam's ancient strategies of taqiyya and kitman have been very effective. Today's oil windfall profits have given Islamists unprecedented opportunities to stealthily and non-violently commit Jihad against the West. However the goals of Islamic triumphalism and our downfall. Allowing the manipulating of the news is the ultimate stupidity, creating opportunities for dhimmitude, the humiliation or enslavement of non-Muslims.

Question: Why is a Saudi Arabian allowed to hold any stake in an American news outlet?


  • At Tue Sep 13, 10:48:00 PM PDT, Blogger John Sobieski said…

    I don't like it but it's legal. Fox is by far the best of the lot and having this guy holding that much influence, while legal, is bad. This guy prays to Allah and Mo everyday, and wants to kill all infidels unless he's a 'bad Muslim. He is smooth but he also got bitchslapped by Guiliani. Incredibly rich. He is in big with Disney, who owned WMAL, who fired Michaal Graham for saying Islam is a terrorist organization.


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