Posted on 03/11/2010 4:47:56 PM PST by kingattax
It’s official now. This explains a lot of what’s happened recently. Rupert Murdoch is moving his NewsCorp headquarters to Abu Dhabi, United Arab Emirates. You can kiss fair and balanced FoxNews good-bye.
Breitbart has the story here:
“News Corp chief Rupert Murdoch announced on Tuesday that the Gulf emirate of Abu Dhabi is to become the headquarters of his global media empire in the Middle East.
Addressing some 400 delegates at the opening of the Abu Dhabi Media Summit, Murdoch said his corporation had started out as a small Australian firm to become a US-based international company that employs 64,000 people.
“I have every confidence that Arab companies can do the same and more. I also believe that Abu Dhabi can lead the way.” Murdoch said News Corp would headquarter its Middle Eastern global online advertising operations in Abu Dhabi, and move a number of satellite television channels to the capital of the United Arab Emirates from Hong Kong.
“We will (also) establish a production office here for one of our documentary film-making companies,” he said.
“When we look to the future, News Corporation is betting on the creative potential of the more than 335 million people who make up the Arab world,” he added.
Organised by the Abu Dhabi government, the three-day summit is expected to address the potential of the emerging media markets in the Middle East, India and China.
Mohammed Khalaf al-Mazruei, who heads the Abu Dhabi Media Company, told delegates that “the Middle East is experiencing radical change,” and that its media should “accompany this revolution.”
News Corp has already established strong links with the region, last month agreeing to invest 70 million dollars in the Rotana Group, which is controlled by Saudi tycoon Prince Alwaleed bin Talal, after buying a 9.0 percent stake in the firm.
Alwaleed’s Kingdom holding company also owns around 7.0 percent of News Corp’s class B common stock.
How comforting that is for all of us who once looked to FoxNews as the last bastion of conservative television news and comment.
Breitbart has the story here:
http://www.breitbart.com/article.php?id=CNG.0a9e7c090b996d0023516a49b0861d29.a1&show_article=1
Another NY taxpayer lost due to stupid liberals.
This author has it bass akwards. His ME operations will be HQ’d in the ME, not NewsCorp as a whole.
This is at least the 3rd time this has ben posted and the title STILL makes it sound like Newscorps USA is moving to another nation, it is not.
Aha! Your chickens have come home to Rupe!
Well. Thats interesting.
How much money does the US send annually to the ME in exchange for oil?
I read this to mean he is establishing a foothold in the mid east.
From another source- Business Week
Murdoch told the conference News Corp. is expanding its presence when most are cutting back. The company will move some Fox satellite channels to Abu Dhabi from Hong Kong, establish a production office in Abu Dhabi for documentary filmmaking and use the city as its main office in the Middle East for global online advertising.
Establishing the headquarters of its middle eastern division in the middle east. Imposible! Horrors!
“Murdoch said News Corp would headquarter its Middle Eastern global online advertising operations in Abu Dhabi, and move a number of satellite television channels to the capital of the United Arab Emirates from Hong Kong.”
NewsCorp is HQ’ing its Middle Eastern Ops there, not reloacting the kit an kaboddle there.
I don’t get why people have been attacking and using drive-by tactics on them lately. Did I miss something?
The story does not support that bizarre headline. The story only says that:
“Murdoch said News Corp would headquarter its Middle Eastern global online advertising operations in Abu Dhabi, and move a number of satellite television channels to the capital of the United Arab Emirates from Hong Kong.”
The man never had any loyalty to this country. He became a naturalized citizen because it was convenient for his businesses. He is one of those people who just sees our country as a cash cow to be exploited. He has gotten as much as he can from us, and now he is moving on to where he thinks the next gold mine is. Fox News was allowed to be “fair and balanced” because he saw a gap in the media market waiting to be filled, and filled it. George Soros is the same kind of creature. To us, our citizenship is precious, to them, it is something to be bought and then discarded when it is no longer useful. We were fools for accepting them, and millions of others who have no true love for this country and its ideals, and only see it for what it can give them. It would be a waste of spit to spit on them.
Exactly, the title makes it sound like he's leaving the US and the story says nothing of the sort.
I would think if you needed to have a Middle East base that the UAE would be the safest place to do it.
He is a brilliant man. He needs to have a strong presence in the center of the new world. The UAE is where the real action is.
Freeper rindmind prevents reality to penetrate
Murdoch in headquartering his MIDDLE EAST operations in Abu Dhabi - not his WHOLE company.
The headline is totallty misleading, and if the story is to be believed, whoever wrote the headline was duped. If it was Breitbart, he doesn’t read for comprehension very well.
Bad, bad, bad, bad news. A news org moves its headquarters to a country that does not have freedom of speech or freedom of religion. Thank you Lord for the internet!
How much money will flow into Murdochs operations in the USA as a result of his basing his Middle East operations in, of all places, the Middle East?
This John L. Work has really been spreading a lot of crap lately
You would have to be crazy to move a business to this country with the high tax, high regulation, high risk of lawsuits. Good for News Corp.
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