News Corp., which so successfully challenged CNN in the United States with its Fox News Channel, now has its sights on challenging al-Jazeera in the Arab world, the Financial Times reports.
The new Arabic-language news channel would be based in Abu Dhabi. News Corp’s British Sky Broadcasting is talking to a local investor about starting the service, the report says.
According to the article, "The Sky News venture, which would be 50-50 owned, is not connected to the Abu Dhabi government, according to two people familiar with the situation. The Abu Dhabi investor was described as “private” by the people familiar with the matter.This description has previously been used to include moves by members of the ruling family who are not acting as part of the government…"
The article also notes that, "The region is already liberally covered by rolling news channels. The BBC Arabic service competes with Al Jazeera, based in Doha and funded by the Qatari government, and Al Arabiya, which has Saudi backing and is based in Dubai. Only last week ago, Prince Al Waleed bin Talal, the Saudi investor who owns 7 per cent of News Corp shares, announced he would launch a rolling news channel into what he described as a ‘heavily occupied’ market."