Qatari royal reportedly invested $50 million in pro-Trump news channel Newsmax

[BumRushDaShow]

Source: CNBC

Published Wed, Mar 27 2024 7:44 AM EDT Updated 25 Min Ago


Right-wing news outlet Newsmax received an investment of roughly $50 million from a Qatari royal between 2019 and 2020, The Washington Post reported, citing documents seen by the paper and confirmations from representatives of both Newsmax and the royal investment firm.

Former Qatari government official Sheikh Sultan bin Jassim Al Thani invested in Newsmax through Heritage Advisors, a London-based investment fund that he owned, according to the report. At the time, Qatar was under an economic and diplomatic blockade by a coalition of neighboring Arab states, led by the United Arab Emirates and Saudi Arabia. These nations accused Qatar of supporting terrorism, which Doha stringently denied.

According to the Post’s reporting on Tuesday, Newsmax was looking for investors to compete with the likes of Fox News. The paper cited sources employed at Newsmax at the time as saying that they were urged to soften news coverage of Qatar — a claim that the outlet rejects.

In a statement cited by The Hill, a Newsmax spokesperson said: “In 2019 Newsmax received a minority investment from a UK-based fund with a Qatari investor that also invested in a company associated with the current Washington Post publisher. Newsmax’s coverage of Qatar has always been balanced, including publishing many online and TV reports quite critical of its activities.”

Read more: https://www.cnbc.com/2024/03/27/qatari-royal-invested-50-million-in-pro-trump-news-channel-newsmax-report.html

[moreland01]

1. Do we not have laws about this?

Can ANYONE buy up US broadcasting companies?

This month, someone delivered copies of Epoch Times to every driveway in my city. This "newspaper" (fascist publication) is backed by the Falun Gong, an extremist group based in China.

[tonekat]

7. Apparently, we are for sale

Reminds me of Zappa:

And you will do what you are told
Until the rights to you are sold

[wiggs]

2. It is has been said before that Seth Abramson may have been right about

a new alignment of countries that excludes nato and much of the west but includes Qatar, SA, Turkey, N Korea, Russia, Hungary, and some others.

This election not only is about US democracy but has shattering global implications. Why else would countries like Qatar (who bailed out Kushners 666 building too) invest in Newsmax to the tune of 50M?

[BumRushDaShow]

3. "Why else would countries like Qatar...invest in Newsmax to the tune of 50M?"

I've been seeing multiple articles over the past year - primarily dealing with Saudi and their "Wealth Fund", but they could apply to some of those other ME countries.

I.e, their PRIMARY "business" was "oil". And then along comes the U.S. with (nasty) fracking and right now we are outproducing them. And then couple that with the handwriting on the wall that they are fighting against (but obviously planning to work around) with the move away from fossil fuels. So their almost "sole" source of income is and will continue to be dwindling.

Per the articles, those countries are trying to "diversify". They have sort of created "playgrounds for the rich" but because of their religion (and orthodox practice of it), they can't really do "tourism". And they can't keep building taller and taller buildings (for who, exactly? ) as the population that travels and works there is really transient.

So here you have this kind of thing of dabbling into media (along with Saudi suddenly "getting into golf" and whatnot). Delving into the foreign real estate market was their earlier attempt at alternate "investments", but that is being restricted more and more by host countries (especially when found to be money-laundering schemes).

[Maeve]

4. A royal flush of money? Cuz the couldn't have gotten that value

[IronLionZion]

5. America First

is pure BS. Qatar is up to something with conservative viewers. Maybe they just want to make money from idiots, but they might also like to influence voters

[Ford_Prefect]

6. Where there's smoke you'll find a match lighting a fuse, or a grassfire, or a barrel full of fireworks.