Well, it should make all the Muslims who own half the company very happy.
You’ll be happy to know that’s only one Muslim who used to own 6.6% of Fox News’ parent company, 20th Century Fox but last year he reduced his stake in the company to 1%.
The claim that Saudi Prince Al-Waleed bin Talal is “co-owner” of Fox News is misleading in the complex realm of investments and holdings in relation to large media corporations.
The term “co-owner” generally refers to a person who holds a 50% share in a business entity, or at least a share comparable to that of the other largest stakeholders, but Al-Waleed does not qualify on either count. Prince Al-Waleed’s investment firm, Kingdom Holding Company, holds a 1% stake in 21st Century Fox, the parent corporation of the Fox News Group (which includes the Fox News Channel and the Fox Business Network). That’s far from a controlling or co-controlling interest in the company.