Categories: OLD Media Moves

Bloomberg teams with Saudi prince on new channel

Saudi billionaire Prince Alwaleed bin Talal says he has teamed up with business news service Bloomberg LP on a new Arabic language satellite news channel.

An Associated Press story states, “Alwaleed, who heads Kingdom Holding Co., an investment firm with stakes in several Western blue chip companies including Citigroup, said Tuesday the new Alarab channel will focus ‘on the important shifts taking place across the Arab world, with an emphasis on freedom of speech and freedom of press.’

“He said Bloomberg business reports will be featured on the news channel and that a team of ‘media specialists’ and producers from financial news services would work with Alarab to help in the production of the new channel’s business coverage.

“The channel is slated to begin operations next year.”

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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.