“When we lookÂ to the future, News Corporation is betting on the creative potential of the more than 335 million people who make up the Arab world…”
Based on their past creativity,Â News CorpÂ has nothing to look forward to.
It’s only going to get worse, kids — News Corp. has established strong links with the region, last month agreeing to invest 70 million dollars in the 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 ofÂ News Corp’s class B common stock.
Abu Dhabi is future base for News Corp: Murdoch
News Corp chief Rupert Murdoch, pictured on March 7, announced on Tuesday t…News Corp chiefÂ Rupert Murdoch announced on Tuesday that the Gulf emirate ofÂ Abu Dhabi is to become the headquarters of his global media empire in theÂ Middle East.
Addressing some 400 delegates at the opening of theÂ Abu Dhabi Media Summit, MurdochÂ said hisÂ corporation had started out as a small Australian firm to become a US-basedÂ international companyÂ 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 the United Arab Emirates from 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, News Corporation is betting on the creative potential of the more than 335 million people who make up the Arab world,” he added.