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Response to DonViejo (Original post)

Wed Feb 20, 2013, 04:14 PM

4. How ironic, considering that a significant investor in NewsCorp is Kingdom Holdings (Saudi Royals)

A bit of rivalry between the sheikhs and emirs (al-Jazeera is owned by the United Arab Emirates), or are the Fox "analysts" just plain ignorant of who owns both global new groups? The Saudis own about 10% of Fox News' parent company, according to Kingdom Holding's website. http://www.kingdom.com.sa/investments/media-and-publishing/news-corporation

Kingdom Holding Company has been a significant investor since 1997 in News Corporation, the worldís third largest media conglomerate. News Corporation has unrivaled global reach with broadcast, cable television, filmed entertainment, newspaper and publishing interests.

While searching for a high-value media investment, KHC identified News Corporation as having a uniquely strong brand and unrivalled global reach in a sector of ever growing potential. Capitalizing on a period of underperformance beginning in the early 1990s, KHC seized an opportunity to invest USD 400m into the corporation in 1997, securing non-voting preferred shares that represented approximately 3% of News Corporationís worth. This initial interest was extended in 1999, at the request of News Internationalís management, with an additional USD 200m investment.

Following News Corporationís acquisition of Fox Entertainment in 2005, the initial 3% non-voting preferred shares holding was converted into a 5.5% holding in News Internationalís common voting stock to support the managementís efforts to resist a potential hostile bid from Liberty Media.

The future between KHC and News Corporation looks bright, with the Company seeking to leverage its relationship with the media giant to identify new investment opportunities.

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