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Details of new Arab news channel emerge
It has been known for some time that Saudi billionaire Prince Alwaleed bin Talal wants to create a news channel. Details are now emerging as to the channel’s aims and objectives.
Prince Alwaleed is already backing the Rotana group of music and film channels, and owns a large slice of popular general entertainment channel LBC. Alwaleed is also a major investor in News Corp (and Rupert Murdoch has made a $70m investment for 9.1% of Rotana).
The prince has appointed Jamal Khashoggi to run the news channel. Khashhoggi was until May editor-in-chief at the al-Watan newspaper, published out of Kuwait.
The new all-news channel will compete head-to-head with Al Arabiya, owned by broadcasting giant MBC, and Qatar’s Al Jazeera. Reports from the region say that Alwaleed’s channel will concentrate on politics, economics and society. In an interview on Bloomberg TV in April the prince said he would be borrowing from the business model used at Sky News and Fox News.
It has been known for some time that Saudi billionaire Prince Alwaleed bin Talal wants to create a news channel. Details are now emerging as to the channel’s aims and objectives.
Prince Alwaleed is already backing the Rotana group of music and film channels, and owns a large slice of popular general entertainment channel LBC. Alwaleed is also a major investor in News Corp (and Rupert Murdoch has made a $70m investment for 9.1% of Rotana).
The prince has appointed Jamal Khashoggi to run the news channel. Khashhoggi was until May editor-in-chief at the al-Watan newspaper, published out of Kuwait.
The new all-news channel will compete head-to-head with Al Arabiya, owned by broadcasting giant MBC, and Qatar’s Al Jazeera. Reports from the region say that Alwaleed’s channel will concentrate on politics, economics and society. In an interview on Bloomberg TV in April the prince said he would be borrowing from the business model used at Sky News and Fox News.