Saudi prince, Fox to start Arabic news channel
Last Updated: Monday, July 12, 2010 | 12:38 PM ET
CBC News
Saudi Prince Alwaleed bin Talal has announced plans to launch a 24-hour Arabic-language news channel in partnership with Rupert Murdoch's Fox network.
Saudi journalist Jamal Khashoggi, former editor in chief of Alwatan newspaper and a media adviser to Prince Turki Al-Faisal at Saudi embassies in London and Washington D.C., will head the station.
Khashoggi is a controversial choice because he has clashed with Saudi authorities over religious police and women's rights and resigned from his newspaper position earlier this year over an editorial questioning Salafism, a form of Islam at the heart of the conservative state.
Prince Alwaleed's new channel will compete for Arab viewers with well-established networks Al Arabiya and Al Jazeera. He did not name the channel, which will build a network of Arab correspondents.
"We no longer have a void in the Arab world as it is now heavily occupied," Alwaleed acknowledged in the statement.
'An alternative for viewers'
"Therefore the new news channel is going to become an addition and an alternative for viewers. Our personal aim is to achieve this."
The new channel "will focus on development in Saudi Arabia and the Arab world on the political, economic and social fronts," he added.
News Corp. and Prince Alwaleed's Rotana already have a relationship with News Corp. buying a 9.09 per cent stake in Rotana for $70 million US earlier this year. Alwaleed already held seven per cent in News.
Fox channels are carried on Rotana's conventional TV platform and Rotana and Fox co-operated last year on a four-year deal for content from the Walt Disney Company.
Rotana also owns radio stations, a magazine, a digital media group and other broadcasting interests. However the new network will not be held by Rotana, but by Kingdom Holding, another of Prince Alwaleed's companies.
No date was given for launch of the channel.
Share Tools
Top News Headlines
- Air Canada confident it can reach deal with pilots
- Travellers flying Air Canada can keep booking their flights as negotiations continue with a new federally appointed mediator to help resolve an ongoing contract dispute between the airline and its pilots. more »
- Legalize pot, say former B.C. attorneys general
- Four former B.C. attorneys general are joining a coalition of health and justice experts calling for the legalization of marijuana. more »
- Whitney Houston's funeral to be held Saturday
- Pop star Whitney Houston's funeral service will be held Saturday in the New Jersey church where she first showcased her singing talents as a child. more »
- 6 ways Greece can bounce back
- Although Greece's economic future seems dire, a number of the country's sectors show promise, according to observers. more »
Latest Business Headlines
- 6 ways Greece can bounce back
- Although Greece's economic future seems dire, a number of the country's sectors show promise, according to observers. more »
- Air Canada confident it can reach deal with pilots
- Travellers flying Air Canada can keep booking their flights as negotiations continue with a new federally appointed mediator to help resolve an ongoing contract dispute between the airline and its pilots. more »
- CPP invests $1.8B in U.S. malls
- The Canada Pension Plan Investment Board is making a whopping $1.8-billion investment in shopping malls in the U.S. with a new joint venture agreement with the Westfield Group in its biggest real estate deal to date. more »
- Nortel hit by suspected Chinese cyberattacks for a decade
- Hackers based in China enjoyed widespread access to Nortel's computer network for nearly a decade, according to a report. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12354.47 | 0 |
| DOW | 12878.28 | 0 |
| NASDAQ | 2931.83 | 0 |
| SP 500 | 1350.5 | 0 |
| NYSE COMPOSITE | 8029.61 | 0 |
| AMEX | 2429.06 | 0 |
| TSX-VENTURE | 1630.03 | 0 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Legalize pot, say former B.C. attorneys general
- Botox injected by unlicensed practitioners
- Toronto NBA fans experience 'Lin-sanity'
- Trudeau says sovereignty less of a bogeyman now
- Homicide follows Vancouver family argument
- Tires slashed on more than 100 cars in Surrey
- Online surveillance bill targets child porn: Toews
- Adults told B.C. teen had taken ecstasy
- Whitney Houston's funeral to be held Saturday

