Saudi media group SRMG inks deal to launch ‘Bloomberg Al Arabiya’ network

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Prince Bader bin Abdallah bin Mohammad bin Farhan Al Saud (L) with Mr. Michael R. Bloomberg, founder of Bloomberg L.P. and former mayor of New York City at the Bloomberg Global Business Forum in New York. (AN photo)
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Dr. Ghassan Alshibl, MD and CEO of SRMG (R) signing the Agreement with Justin Smith, CEO of Bloomberg Media in Bloomberg’s headquarters in New York. (AN photo)
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Dr. Ghassan Alshibl, Managing Director and CEO, SRMG (first right) Justin B Smith, CEO, Bloomberg Media (first left), John Micklethwait, Editor-in-Chief, Bloomberg (second left) and Mr. Abdulrahman Alruwaita, Chairman of the Executive Committee, SRMG. (AN photo)
Updated 21 September 2017
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Saudi media group SRMG inks deal to launch ‘Bloomberg Al Arabiya’ network

RIYADH: Saudi Research and Marketing Group (SRMG) today said it has entered a long-term agreement with US-headquartered media firm Bloomberg to launch a multi-platform Arabic-language business and financial news service.
SRMG — publisher of Asharq Al-Awsat, Arab News and Aleqtisadiah — plans a 24-hour television and radio network and dedicated digital platform under the “Bloomberg Al-Arabiya” brand.
It will also publish “Bloomberg Businessweek” magazine in Arabic and launch a new conference and live events series, according to a statement from the company.
The Bloomberg Al-Arabiya platforms will provide Arabic-speaking audiences around the world with news and analysis on the companies, markets, economies and politics shaping the Middle East, the statement said.
Prince Bader bin Abdullah Al-Saud, chairman of SRMG, said the deal would give a boost to the regional media industry.
“We are very pleased with this promising partnership with Bloomberg. In addition to the many business opportunities this collaboration brings, we believe the partnership will greatly enhance the media landscape in our region,” he said.
“This is an exciting development for SRMG and a strong progression in our quest to offer the highest quality financial and business journalism from, and about the Middle East.”
Michael R. Bloomberg, founder of Bloomberg and former mayor of New York City, said, “The Middle East is an important, economically diverse region and our agreement with SRMG allows us to deliver the sharpest global business and financial insights to a critical audience of business decision makers.”
Headquartered in the Gulf, the Bloomberg Al Arabiya team will be managed by SRMG with support from Bloomberg, and will draw on its financial and economic content and data as well as its 2,700 reporters and analysts globally.
“Our partnership with SRMG is a significant milestone in our regional growth story, building on the introduction of an expanded suite of new media platforms in the Middle East last year,” said Justin B. Smith, CEO of Bloomberg Media Group. “This agreement is an integral part of our strategy of forming partnerships with leading news providers in markets that have a compelling economic growth story, as we look to further expand our localized international presence.”
Dr. Ghassan Al-Shibl, managing director and CEO of SRMG, said: “As one of the biggest media publishing houses in the Middle East, this partnership between SRMG and Bloomberg will see us expand into the international television business. With the new era of business and economic transformation in the Kingdom of Saudi Arabia, such a significant agreement between two leading brands will pave the way for a multi-platform ecosystem of specialized business and financial content of international standards. This is the beginning of a new chapter in the history of media and publishing in the region.”
Bloomberg editor in chief John Micklethwait said: “Bloomberg Al Arabiya will enable us to build on more than 20 years of newsgathering across the Arab world to deliver the best of Bloomberg’s news, insight and analysis.”


US judge orders White House to restore press pass to CNN’s Acosta

Updated 16 November 2018
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US judge orders White House to restore press pass to CNN’s Acosta

  • CNN said in a statement on Friday that it “looked forward to a full resolution in the coming days”
  • White House Press Secretary Sarah Huckabee Sanders said in a statement that Acosta’s credentials would be temporarily restored

WASHINGTON: A US judge on Friday ordered the White House to temporarily restore CNN correspondent Jim Acosta’s press pass, which was revoked after a contentious press conference last week with President Donald Trump.
The White House withdrew Acosta’s credentials last Wednesday in an escalation of the Republican president’s attacks on the news media, which he has called the “enemy of the people.”
US District Judge Timothy Kelly, who is hearing CNN’s lawsuit challenging the revocation, said Acosta’s credentials must be restored while the network’s case is pending.
White House Press Secretary Sarah Huckabee Sanders said in a statement that Acosta’s credentials would be temporarily restored.
“Let’s go back to work,” Acosta said to reporters after the hearing.
But Trump said that “people have to behave” and warned of future court action against reporters who do not.
“If they don’t listen to the rules and regulations, we’ll end up back in court and we’ll win,” Trump said on Friday. “But more importantly, we’ll just leave. And then you won’t be very happy, because we do get good ratings.”
CNN said in a statement on Friday that it “looked forward to a full resolution in the coming days.”
In its lawsuit filed on Tuesday in US District Court in Washington, CNN said the White House violated the First Amendment right to free speech as well as the due process clause of the Constitution providing fair treatment through judicial process. The network asked for a temporary restraining order.
Kelly, a Trump appointee, did not address the First Amendment’s protections for freedom of speech and the press, focusing instead on the due process provision.
“Whatever process occurred within the government is still so shrouded in mystery that the government at oral argument could not tell me who made the initial decision to revoke Mr. Acosta’s press pass,” Kelly said in his verbal ruling.
In court, US government lawyers said there is no First Amendment right of access to the White House and that Acosta was penalized for acting rudely at the conference and not for his criticisms of the president.
The judge said White House press secretary Sarah Huckabee Sanders’ initial statement that Acosta was penalized for touching a White House staffer attempting to remove his microphone was “likely untrue and at least partly based on evidence that was of questionable accuracy.”
The day after the Nov. 6 congressional elections, Trump erupted into anger during the news conference when Acosta questioned him about the Russia probe and a migrant caravan traveling through Mexico.
“That’s enough, that’s enough,” Trump told Acosta, as a White House staffer attempted to take the microphone away from the correspondent. “You are a rude, terrible person.”
Sanders had accused Acosta of “placing his hands on a young woman just trying to do her job as a White House intern” and of preventing other reporters from asking questions at the news conference. She called his behavior “absolutely unacceptable.”
Videos of the encounter show Acosta pulling back as the staffer moved to take the microphone at the press conference.
On Friday, Sanders said the White House “will also further develop rules and processes to ensure fair and orderly press conferences in the future. There must be decorum at the White House.”