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News Corps (Fox News) Oil Bias and Saudi Arabian connection
 
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Published: 10 years ago
 

News Corps (Fox News) Oil Bias and Saudi Arabian connection


Prince Al-Waleed bin Talal, member of the Saudi royal family is a friend of Rupert Murdoch and he is the second largest shareholder of News Corp. He holds 7% of their stock.

http://en.wikipedia.org/wiki/Al-Waleed_bin_Talal


90% of Saudi Arabia's export earnings come from the oil industry, as does 75% of their budget revenue.

http://en.wikipedia.org/wiki/Saudi_Arabia#Economy


This all may explain why Fox is so persistent in bashing solar and promoting fossil fuels.

Another interest fact about the Prince. He has major financial holdings (as I'm sure Murdoch does). This may explain why "conservative" Fox News backed the government bank bailouts pretty unequivocally.

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One last thing about the Prince. He funded the "terror mosque" that Fox News used as political fodder.

http://news.yahoo.com/blogs/upshot/news-corp-number-two-shareholder.html
 

 
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