Saudi Prince Alwaleed, Bloomberg To Launch Arabic News Channel

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To view the comprehensive profile of the Chairman HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, (PDF format) Click Here ( ( DUBAI (Zawya Dow Jones)--Saudi Arabia's Prince Alwaleed bin Talal, who heads Kingdom Holding Co. (4280.SA), said Tuesday he has inked an agreement with news service Bloomberg LP to launch a new Arabic language satellite news channel. Bloomberg will support the creation of five hours of financial and economic news programming throughout the day on the channel, called Alarab, the prince said in an emailed statement. The channel, whose headquarters haven't been announced yet, is expected to start operating next year. Alwaleed said Alarab will "focus editorially on the important shifts taking place across the Arab world, with an emphasis on freedom of speech and freedom of press." Prince Alwaleed, who owns 95% of Kingdom Holding, has focused his investments on banks, hotels and media companies, building sizable stakes in firms such as Citigroup Inc. (C), News Corp. (NWS), Apple Inc. (AAPL) and Time Warner Inc. (TWX). Over the past couple of years, the prince, who has been the Middle East's wealthiest businessman over the past 20 years, has again started seeking investors and acquisitions around the world after keeping a low profile in the aftermath of the global financial crisis.
News Corp. owns a 14% stake in Prince Alwaleed's media company, Rotana.
News Corp. also owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal.
Talal has his chips all around the news dial.... all around the world. It pisses me off when leftists accuse me of being influenced by right wing media... I mean really... as if I were that stupid.... they really think I don't know.

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