Wednesday, October 07, 2009

Israeli-American Tycoon, Haim Saban Makes bid for Al Jazeera

Israeli-American Tycoon, Haim Saban, already owns Univision, the largest Spanish language television outlet in North America. He is the owner of iconic children's characters like Teenage Mutant Ninja turtles and Power Rangers. He also owns a controlling interest in Israel's largest communications company, Bezek, and is ranked #78 on the Forbes 400. Now Saban has set his sights on acquiring Al Jazeera, the largest and most popular Arabic language television broadcaster in the world, owned by the emirate of Qatar. If the deal goes through, it will be a first, and a huge revolution in Arab language broadcasting. It will not likely turn into Fox News overnight, but if will certainly make a difference in how the rest of world is portrayed in the Arab world.

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