Which part is fake?
The fact that the saudi prince owns enough newscorp stock to get a seat on the Board of Directors?
That he’s openly bragged about changing Fox reporting guidelines?
http://www.theguardian.com/media/2005/dec/12/newscorporation.rupertmurdoch
“Fox News was ordered to alter its coverage of the riots in France after a Saudi prince with shares in its parent company News Corporation complained to Rupert Murdoch.
Prince Alwaleed bin Talal bin Abdul aziz Al-Saud told a conference in Dubai he had telephoned Mr Murdoch after seeing a strapline on the news channel describing the disturbances as “Muslim riots”.
“I picked up the phone and called Murdoch and said that I was speaking not as a shareholder, but as a viewer of Fox. I said that these are not Muslim riots, they are riots,” Campaign Middle East magazine quoted the prince as saying.
“He investigated the matter and called Fox and within half an hour it was changed from ‘Muslim riots’ to ‘civil riots’.”
The prince said his intervention had been an example of how Muslim people can change the portrayal of their religion in the western media”
Both Snopes.com and PolitiFact reported that the ownership claim wasn't true, but the billionaire Saudi prince's investment company owns a smaller amount of 21st Century Fox.