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?"