Al-Walid Bin Talal's new TV venture

My sources tell me that Al-Walid Bin Talal's new TV news station (which is managed by the former Bin Ladenite-turned Wahhabi liberal, Jamal Khashuqji) has been put on hold.  House of Saud were worried that the new station would harm the status of Al-Arabiyya (the news station of King Fahd's brother-in-law).