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Saudi Arabia: Tycoon Prince Alwaleed To Launch TV News Channel

Date	:	07/07/2010
Category	:	Media Freedom
Country	:	Saudi Arabia

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Saudi Arabia: Tycoon Prince Alwaleed To Launch TV News Channel

7 July 2010

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The Kingdom Holding group, owned by Saudi tycoon Prince Alwaleed bin Talal, ranked by Forbes as the world’s 19th richest figure, said yesterday that it will launch a 24-hour Arabic-language news channel. The channel will highlight development in Saudi Arabia and the Arab world and aims to promote moderation on the political, economic and social aspects, Prince Alwaleed said in a statement.

“The Arab satellite broadcasting sector is no longer void as it has been a decade ago. So, the new channel has to be an addition and an alternative for viewers,” he said, referring to possible future competition with dominating pan-Arab channels Al Jazeera and Al Arabiya.

The statement did not say when the channel would be on air or what would be its name. Yet, it said it would be independent of the tycoon’s Rotana entertainment network.

Prince Alwaleed also announced that veteran Saudi journalist Jamal Khashoggi will run the channel. Mr Khashoggi was previously editor-in-chief of Saudi Arabia’s al-Watan newspaper before resigning in May over the publishing of an opinion column questioning Salafism, a form of Islam in the oil-rich kingdom. He also served as a media advisor to Saudi diplomat Prince Turki al-Faisal when the latter served as the kingdom’s ambassador in both London and Washington, the statement noted.

Source: Xinhua

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