The irony is that the Saudi King is the biggest shareholder of News Corp (Fox News) after Murdoch.
Why doesn’t O’Reilly ask about that killer?
Outstanding point!
And by ginning up opposition to Putin, he is trying to have us buy him his precious gas pipeline through Syria at the cost of American blood.
... the Saudi King is the biggest shareholder of News Corp (Fox News)...
******************************
Last I saw was that it was only about 10%.
I was not aware of this. Thanks for posting it.
“The irony is that the Saudi King is the biggest shareholder of News Corp (Fox News) after Murdoch.”
Got Neo Cons, look for the Saudi Opecker Princes to be funding them for decades.
..... Last I saw was that it was only about 10%.
That's not accurate. Saudi King never had investment in News Corp / Fox Entertainment Group.
One of the more than 100 Saudi princes, Prince Alwaleed bin Talal, who is very prominent as an investor via his financial vehicle Kingdom Holding Company, had 6.6% of pre-split News Corp, but by the end of 2014 has sold most of his B-shares in post-split News Corp (NWS) leaving him with only 1% stake in News Corp, while keeping entire 6.6% stake in the new 21st Century Fox (FOX) which had spun off from its parent NWS in 2013.
Rupert Murdoch and his family has about 39.5% of the voting power in News Corp., while only holding 14% of ownership in the company, due to dual-class shareholder structure of the company, same as with Fox. Many companies that are run by the founders have similar structures, e.g. GOOGL / Alphabet, Facebook, CBS / Viacom etc.
The selling of News Corp shares was done mostly throughout first half of 2014, "to rebalance portfolio" and reduce exposure to several lawsuits against News Corp. in UK related to "spying on employees" which ended with both News Corp and 21 century Fox cleared of charges.