It is up to 7% now. The percentage is not the biggest deal it is access to beam Sky News into the middle east aka Muslim countries and other News Corp programming.
The US used to have a law that forbid foreign ownership of any TV network. I am not picking on Murdoch because the others are even worse.
Bloomberg controls the board in NYC that approved the mosque cause he stuffed the board. He did it to gain access to Islamic countries for news, financial data from islamic stock markets.
All Murdoch and Bloomberg care about is getting and and staying on satllites to beam into China and Muslim countries because there are about 2.5 billion people. Slimy GE owns a lot of those satellites called Galaxy sats.
Meanwhile, Kelsey Grammer cannot get the Conservative Network on any cable or Sat TV networks. I wish Roger Ailes would leave Fox/Saudia.
You’re right, of course, Franntzie.
Divestiture of the US networks into corporate hands was their death knell.
Rupert Murdoch’s a businessman, and the money’s big in the ME.
SA
Dubai
Abu Dhabi
Example story: “Rupert Murdoch eyes stake in Saudi’s Rotana,” by Rob Corder, 02 September 2009
http://www.arabianbusiness.com/566561-rupert-murdoch-eyes-stake-in-saudis-rotana