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Right wing Saudi dynasty endorses right wing FOX News dynasty

by nanute | January 23, 2010 at 03:54 am

497 views | 14 Recommendations | 8 comments

This week, Prince Alwaleed bin Talal al-Saud of Saudi Arabia — the largest shareholder of News Corp outside the Murdoch family — endorsed Rupert Murdoch’s son James to succeed the elder Murdoch when he retires. Alwaleed, King Abdullah’s nephew, is Saudi Arabia’s richest person and the world’s 22nd wealthiest (Murdoch is number 132). He holds large stakes in many American companies, including Citi. The prince met with Murdoch last week to discuss a “future potential alliance with News Corp,... Right-wing Saudi dynasty endorses right-wing Fox News dynasty.

Now normally I'd say there is nothing inherently (no pun intended), wrong with a majority shareholder in a corporation endorsing a possible successor to head a large company like News Corp. However, in light of this weeks US Supreme Court ruling in Citizens United v. FEC, it will now be possible for foreign investors that hold large positions in US corporations to influence and spend corporate money on US elections. I'm not sure if FOX is a US corporation, but is most certainly the case that Citi is a US corporation.

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aurealeus

at 04:05 on January 23rd, 2010

WELCOME TO THE NEW WORLD ORDER EVERYONE!

Karl Gotthardt - albertacowpoke

at 04:27 on January 23rd, 2010

Regardless of political stripe, the Supreme Court ruling yesterday should alarm all who believe in democracy.

Corporations should not influence outcomes of elections, based on special interests.

aurealeus

at 04:54 on January 23rd, 2010

"Corporations should not influence outcomes of elections, based on special interests."

A well known fact! It's unfortunate that hardly anyone is listening or acting.

nanute

at 05:08 on January 23rd, 2010

And it is highly unlikely to expect any change from Congress. With the exception of Alan Grayson from Florida, no one is talking about reigning in special interest influence. Just think of all the added cash that will flow into the pockets of elected, and now bought and paid for, representatives.

aurealeus

at 05:34 on January 23rd, 2010

Obviously we have headed backwards to arrive at the type of aristocracy we attempted to evade through the American Revolution.

What a waste! What a shame.... all for nothing!

Hugh Askew

at 04:27 on January 23rd, 2010

Not to worry. Once we descend to third world status, we simply nationalize all the foreign owned companies.

israeli.agent

at 05:31 on January 23rd, 2010

Maybe budding political aspirants can take up apprenticeship with certain Comrade President Hugo Chavez..?

Anyone who are not convinced please check this out ..

The United States apparently possesses an "earthquake weapon" that set off the catastrophic quake in Haiti and killed 200,000 innocents. Don't believe it's true? Just ask Hugo Chavez.

Citing an alleged report from Russia's Northern Fleet, the Venezuelan strongman's state mouthpiece ViVe TV shot out a press release saying the 7.0 magnitude Haiti quake was caused by a U.S. test of an experimental shockwave system that can also create "weather anomalies to cause floods, droughts and hurricanes."

Source: foxnews.com

.Agent.

Candice Marie (not verified)

at 22:54 on January 28th, 2010

Rupert Murdoch is not an advocate for a conservative free market, he just abuses it. It makes Ike and Tina look like arm wrestling, it's that bad. I wish they would impose anti-trust laws on his corporation. Dude should just be sterilized. It's bad enough he already reproduced.