The Almighty Dollar. All hail. As Fox hosts spread Islamaphobia, Rupert Murdoch, owner of Fox, praises Saudi Prince Al-Waleed bin Talal, a nephew of the Saudi king, who according to Fox News hosts: "funds radical madrassas all over the world." In fact, the Prince also funds Murdoch's News Corp.
In a 2005 documentary about the prince, Murdoch called Waleed "very shrewd, very analytical, yet at the same time prepared to gamble — and to go against sort of the prevailing thoughts about markets."
Murdoch added, "He's very original in his thinking."
The prince had long been Murdoch's business partner in News Corp. — but that year he arranged a share swap in which he obtained more than 30 million voting shares. Read more at NPR
You'd think that since Murdoch doesn't seem to fear Muslims like his product -- Beck, O'Reilly, Hannity -- he wouldn't put out the kind of programming that spreads fear on a daily basis. But Murdoch is running a business and fear is profitable.
But News Corp. is not the only big-name investment Waleed has made in the United States. He has helped rescue the American banking giant Citigroup twice and is one of its largest holders. He also has big stakes in rival media giants Time Warner and Disney. And his portfolio took a big hit when the U.S. stock markets tanked.
