News Corp president Rupert Murdoch has struck a deal with Saudi Arabian Prince Alwaleed bin Talal that would make him the fourth largest investor in the company, which is also parent company to conservative mouthpiece Fox News.
You might remember Prince Alwaleed from the time he offered $10 million to the city of New York after 9/11 for reconstruction, only to be refused by then-Mayor Rudy Giuliani because the Prince blamed the attacks on the U.S. rather than on the terrorists themselves. Prince Alwaleed has also donated generous sums to the families of Palestinian suicide bombers.
It will be interesting to see if this changes the tune of Fox News coverage on the Middle East.
Read the full story here.
Can we just call you Wally?
He looks cute – And rich as well!