Rotana-News Corp business deal, but apparently no Arabic-language Fox News.

Posted: 26 Feb 2010   Print   Send a link
"Saudi-based media group Rotana will sell shares to News Corp for access to the U.S. firm's movie-making and new media expertise to help boost its position in Arab media ahead of an IPO. ... The Rotana-News Corp deal has sparked speculation that Fox News will launch an Arabic version to compete with news broadcaster rivals Al Jazeera and MBC's Alarabiya. [Rotana chairman] Prince Alwaleed said this was unlikely. 'I don't visualise a situation whereby Fox News would be broadcasting in Arabic,' he said. However, he said the partnership would help Fox News and the United States to 'understand the Arab world better'. 'Fox News is not the only media that is against Saudi Arabia ... It's an American syndrome'." Souhail Karam, Reuters, 23 February 2010.
     "Free-to-air broadcasting needs to see advertising rates grow – and significantly. At a Beirut conference last week it was suggested that the combined net income of the top [Arab] free-to-air broadcasters were sharing little more than $300m annually between them in ad-revenues. That figure needs not just to rise but to be multiplied three- or four-fold. Rotana and News Corp could be the perfect catalyst for this change." Chris Forrester, Rapid TV News, 24 February 2010.