Lebanese Broadcasting Corporation International
[citation needed] In 2003, as a result of an agreement between Saleh Kamel, founder of LMH company (Lebanese Media Holding, owner of 49% of LBC SAT and Pac's shares) and Saudi prince Al Waleed bin Talal, the latter, through Kingdom, replaced Kamel in LMH.Accordingly, Al-Waleed Bin Talal became the largest shareholder after acquiring the absolute majority in PAC (a content provider for both LBCI and LBC SAT) and LBC SAT, based on an understanding that the capital increase would be invested to improve the programs’ network and upgrade productivity under the supervision of Sheikh Pierre Daher.[3] At the end of the year 2002, LBC SAT and the London-based Al Hayat newspaper owned by Saudis, merged their news programs.According to the Media Ownership Monitor, an initiative by Reporters Without Borders and the Samir Kassir Foundation, the majority owner of the station is Pierre Daher and his family who owns 50.6% share.[citation needed] Its most famous talk show is Kalam Ennas (Arabic: كلام الناس) hosted by Marcel Ghanem.