The question then is: "Who is responsible for media content of a public company? The CEO of the company and the execs under him or the shareholders of the company?". Last I looked nobody was asking for my opinion.
The saudis are shareholder investors like you and me (well a bit more richer like you and me but never the less equal in rights). The only way they can OWN anything (as you put it) of a public company would be if they bought 100% of the shares outstanding and took the company private, with most probably their own CEO and BOD. So my question to you is: "Who is responsible for media content of a public company? The CEO of the company and the execs under him or the shareholders of the company?"
"When fascism comes to America, it will be wrapped in the flag and carrying a cross." - Sinclair Lewis
"Those Who Would Sacrifice Liberty for Security Deserve Neither." -Benjamin Franklin