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Fox and Cordoba House contributor in business together

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posted on Aug, 25 2010 @ 11:33 AM

Rotana board discusses News Corp tieup

Trade Arabia

The top management of Saudi-based media group Rotana met under the chairmanship of Prince Alwaleed bin Talal bin Abdulaziz Alsaud to discuss the latest developments at Rotana after its strategic alliance with global media giant News Corp.

The meeting, which was attended by Dr Waleed Arab Hashem, vice chairman and Fahad Alsukait, CEO, discussed ways to strengthen the strategic alliance with News Corp.

According to a company statement, Newscorp bought a 9.09 per cent stake in Rotana Group in February to further develop its postion [sic] in the media sector in the Middle East and expand it horizon.

News Corp

The segment’s expansive operations include the FOX News Channel and FOX Business Network, FX, STAR and many other popular pay-TV channels.

So the Cordoba house funder is not just some guy who owns stock in the Fox News Corporation because it is publicly funded. NewsCorp also owns stock in his corporation, Rotana. Not only that but the article says about his share in NewsCorp:

Kingdom Holding Company, the principal shareholder of the Rotana Group, is owner of approximately 7 percent of News Corporation’s Class B Common Stock.

Kingdom Holding Company Chairman? Prince Alwaleed aka Cordoba House funder

Class B Stock:

From Financial Dictionary

A category of capital stock issued by a company and having specific rights or characteristics.

News Corp Class B Shares

Class A non-voting shares carry rights to a greater dividend than Class B voting shares

So he doesn't just "own some stock" because it's fun to invest money. He owns 7% (second largest share) of a special type of stock that gives its holders voting rights. This class B stock is generally held for FOUNDING MEMBERS..

So the Cordoba house "terrorist funder" DOES have voting rights in regards to how business is run at Fox News. Not only that, but Fox News now owns part of HIS corporation. They are in business together.

They purposefully left he Cordoba house funder unnamed because of his CLOSE TIES to Fox News.

Fox News = Fair and Balanced /sarcasm

posted on Aug, 25 2010 @ 03:12 PM
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