Posted: 26 Feb 2010"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.
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