Talking to Bloomberg TV, Arabian Business reports that Saudi Prince Alwaleed bin Talal is planning to start a regional news channel, one that would compete with Al-Arabiya and A-Jazeera. This investment is something that Prince Alwaleed will be doing personally, and not produced through Kingdom Holding or Rotana. According to Bloomberg, the news channel would borrow from the business model used at Rupert Murdoch’s Fox and Sky News channels while broadcasting different content in the Middle East.

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