Prince Alwaleed to launch news channel with Saudi target market

Alwaleed Bin Talal is launching a 24-hour news channel with the same talk of ‘press freedom’ that Al-Jazeera pioneered but with more potential political pitfalls than the Qatari-owned channel faced. The station will probably be based in Bahrain or Dubai, but Alwaleed is giving highest priority to building an audience in his national market