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.

C21 Media reports is quoting a report from the Wall Street Journal stating that a formal acquisition bid for 20% of the Arab media giant Rotana will be made by News Corp this month. It is not clear however whether the deal will be for existing stock or new shares.