Alwaleed might be remembered as the guy who offered to help with the clear-up after 9-11 but was turned down by Giuliani after he said America's support for Israel was to blame for the attacks. Now he's the fourth largest shareholder in Fox News.
So how does this effect Fox News' much-vaunted """fairness and balance"""? Ask Joseph Trento:
Fox are always keen to puff up their patriot cred and portray themselves as defenders of America. But like any unprincipled whore, they'll forget about all that in a heartbeat if someone, anyone, dangles enough cash under their snouts.
"Last month I appeared on Fox News Network’s morning show, Fox and Friends, to talk about airline security. Normally such appearances end up as clips on the Fox News Web site... Curiously, I was quoted in a written piece on the site, but no video... I had said to Doocy that Saudi Arabian money was still financing Al Qaeda. Doocy did not react to my comment. But ten days later I learned that Fox’s parent company, News Corporation, was, at the time of my interview, negotiating with a Saudi prince to vastly increase his stake in the company."

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