Friday, March 18, 2016

Funny: a writer for Saudi news outlet, Al-Arabiyya on funding of Lebanese press

"There are publications, such as An-Nahar, that are supported by Gulf countries even though they operate from Lebanon. Their financial backbone is Saudi Arabia owing to which they have been the leading print newspaper in Lebanon. With the Gulf countries withdrawing its financial support, such publications do not know how to manage their financial affairs.

“Lebanese newspapers, especially An-Nahar, are like any other newspaper in the country. If it is connected to an economic reality that is comfortable and blessed and sound, then it [the newspaper] is going to take advantage of this blessed reality and use it to make it stronger and more stable,” Ayyash said." (thanks Basim)