BREAKING NEWS

Posted in Rants on August 18th, 2010 by Ed

I was stunned to see this press release from Fox News this morning. The key excerpt:

In light of the saturation coverage Fox News Network (FNN) has given the controversy over the proposed mosque at the former World Trade Center site, we feel it is fair to point out to our loyal viewers that 7% of News Corporation, the corporate parent of Fox, Fox News, and Fox Business Network, is owned by Saudi Prince Alwaleed bin Talal through his Kingdom Holding Company. We have taken great pains to conceal this information over the years, referring to the Prince only as "A significant stockholder of the Company, who owns approximately 7% of the Company's Class B Common Stock" in our annual report to the SEC (page 44). But given our viewers' and on-air personalities' strong reactions to Islam, we feel compelled to note that News Corp is partially owned by a certified Muslim (see photo) who regularly patronizes mosques.

Additionally, News Corp has acquired a 10% stake in Rotana, a Saudi multimedia conglomerate that bills itself as "the Arab World's largest entertainment company." We have found this investment in a company that produces Arabic language movies and music that occasionally veer into anti-American tropes popular with Middle Eastern audiences to be quite rewarding.

Finally, in the interest of keeping our position as America's only source for Fair & Balancedtm news, we would like our viewers to be aware of the $1,000,000 contribution News Corp recently made to the Republican Governors Association. These funds will help the RGA mount a consistent attack campaign against Democratic candidates and the incumbent President. FNN viewers should keep this information in mind when considering the network's claims of objectivity.

What refreshing honesty!

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