Tuesday, February 23, 2010

Saudi-Israeli conspiracy? What conspiracy?

"Rotana, which owns a variety of media assets from an online music video on demand site modelled on News Corp’s Hulu joint venture to a large library of music from the region, already shows programming from News Corp’s Fox channels in Saudi Arabia through its free-to-air television network.An investment in Rotana has been under discussion for some time and many expected a deal to be done last autumn. One person familiar with the deal described it as ”small but symbolic” The decision to invest follows meetings between Mr Murdoch and Prince Alwaleed in New York in January, when the pair discussed a “future potential alliance with News Corp”, according to a statement on the Kingdom Holdings website. The day-to-day relationship between News Corp and Rotana is likely to be managed by James Murdoch’s team, however."" (thanks Jamal)