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Wednesday, September 2, 2009

Murdoch 's move into the Arab world

The Wall Street Journal reported today that Rupert Murdoch - the Australian media mogul (owner amongst other things of the Fox channels and a large number of US/UK and Australian tabloids) is negotiating with Walid Ben Talal to acquire 20% stake in Rotana Media Group (Rotana Channels + LBC Sat etc...)

Rotana is already the owner/manager of Fox Middle East (Fox Series and Fox Movies)

This come sin light of various rumors saying that Walid Ben Talal has lost a lot of money...and is in big need for fresh cash.

The interesting thing will be how Murdoch's entry into the Arab world will be perceived (his media were Georges Bush's best support...) expect some problems....