Murdoch Teams Up With Billionaire Saudi Prince - Ali Jaffar

Business makes for strange bedfellows. Prince Walid bin Tallal, one of the richest Saudis is teaming up with media mogul Robert Murdoch of Fox (Unfair News Fairly Reported). Fox is one of the most biased news source in the world. t

Rupert Murdoch has landed in the Middle East.

The mogul's News Corp. is launching two English-language, free-to-air satcasters in the region before the end of the year in partnership with Saudi Prince Al-Waleed Bin Talal's regional media titan Rotana.

Prince Waleed holds a reported 5% stake in News Corp. and also has sizable stakes in Time Warner and Disney.

A 24-hour movie channel, tentatively dubbed Fox Movies, will launch in May. The second channel, whose sked will be largely filled with U.S. skeins, will launch in or around November.