Murdoch Teams Up With Billionaire Saudi Prince

Murdoch Teams Up With Billionaire Saudi Prince

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.

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