There goes FOX:
Since yesterday, everyone is puzzled about Glenn Beck’s sudden about turn. Now it all falls into place.
Update from this:
- Beck Derailment Watch
- “We are in the midst of a phase of history in which nations will be redefined and their futures fundamentally altered…”
No wonder Glenn Beck talks crap…
Addressing some 400 delegates at the opening of theÂ Abu Dhabi Media Summit, Murdoch said hisÂ corporation had started out as a small Australian firm to become a US-based international company that employs 64,000 people.
“I have every confidence that Arab companies can do the same and more. I also believe that Abu Dhabi can lead the way.”
Murdoch said News Corp would headquarter its Middle Eastern global online advertising operations in Abu Dhabi, and move a number of satellite television channels to the capital of theÂ United Arab EmiratesfromÂ Hong Kong.
“We will (also) establish a production office here for one of our documentary film-making companies,” he said.
“When we look to the future,Â News Corporation is betting on the creative potential of the more than 335 million people who make up the Arab world,” he added.
Mohammed Khalaf al-Mazruei, who heads theÂ Abu Dhabi Media Company, told delegates that “the Middle East is experiencing radical change,” and that its media should “accompany this revolution.”
News Corp has already established strong links with the region, last month agreeing to invest 70 million dollars in theÂ Rotana Group, which is controlled by Saudi tycoon Prince Alwaleed bin Talal, after buying a 9.0 percent stake in the firm.
Alwaleed’s Kingdom holding company also owns around 7.0 percent ofNews Corp’s class B common stock.