Home > City Journal > Alamudin strikes back at the Fortune

Alamudin strikes back at the Fortune

Bad news for the paper that claims to be the largest English weekly in the nation.Fortune isn’t going to darken the doors of Sheraton Addis for an indefinite time.

The popular private weekly made a strategic error by allegedly getting itself on the wrong side of the tycoon, Sheik Alamudin.

According to ABBI Weekly, the Sheraton Addis closed its door on the 300 copies that once made thier way every week.Worse,the paper might risk losing the fat money it gets from Sheraton commericials.

ABBI on its Amharic column of yesterday’s edition reported that it was perhaps an article on Beyonce that angered Alamudin, the man the private papers go great length to please.Two articles articles written by the paper’s columnists’ on the October 28 edition weren’t very flattering, but not negative either.

But a letter written to the editor this week entiled “Robbed at the Beyonce experience” must have got up the Shiek’s nose.In it, a certain Vahe Tilnian complained about the alleged “mass robbery” in the Millennium Concert Hall that night.She claimed to have seen several mobile phones stolen, including wallets, reading glasses, watches, belts, necklace, braceltes and pursue.

What made the case interesting is what seemed to have angered the people at Sheraton is the opinion written by a reader who needless to say have every right to forward views of their own.Had it been the editorial, the decision might have been justifiable.

But who could have imagined publishing a rant from an angry reader would land a paper that is close to the goverment into trouble? 

Categories: City Journal
  1. Ayelech
    November 10, 2007 at 4:31 am

    I’m lost in this article. My mind goes bzzzzz…..I don’t mean to say it’s right or o.k loosing cell phone or wallet, but it’s very typical. How would you loose your belts, reading glasses, watches??? I thought it was a music concert event.

  2. Sara
    November 10, 2007 at 2:23 pm

    It would also mean that the lady was everywhere where she saw all these things stolen.but it seems more drnik has gone to her head.

  3. Sara
    November 10, 2007 at 2:27 pm

    This is also an indication that rich or or poor what the media says matter.
    Imagine an asset class with such bleak prospects that even private equity which is awash in liquidity won’t touch it
    not a ringing endorsement of the newspaper business.
    Newspapers are worth more to newsmakers than they are to consumers. . . great perch if your interest is in power, if your interest is in being part of the discussion.

  4. tegest
    November 13, 2007 at 10:38 pm

    well, who cares there are other things in the world to talk about than beyonce. I am guessing that what is loss of cell phone, walet, glasses to rich people who are able to pay 1000 + birr for a concert. They are rich enough to buy another one. I would have been happier if money from the concert goes to Alemayehu Eshete, Mohamed etc than Beyounce who probably will not know where Ethiopia is on a map…..

  5. Alemu
    November 18, 2007 at 7:51 pm

    Is fortune a big news paper? may be by its copy not by its content it is the Voice of Woiane regarding the economy controlled and exploited, robbed by his masters “woiane”. It is the replica of The socalled The Ethiopian Heraled.”

  6. Gabriel:
    November 19, 2007 at 9:04 am

    The Fortune newspaper should have known what to say and who to criticize in a country where the independent press is wiped out of existence following the election fiasco in 2005.

    Though owned and financed by the government, like its sister publication, The Reporter, sometimes even these masked state-owned tabloids make a blunder under the assumption that they work for the regime, and are immune from a slap in the face. It is a silly mistake, Mr. Fortune.

  7. Tassew Bezabih:
    November 19, 2007 at 9:05 am

    I would like to express my great admiration to the Sheik for bringing thousands of job opportunities for our country. 100% Al Amoudi is a true Ethiopian, his passion towards Emama Ethiopia; doing useful, important, truly valuable and creative things in investment on top of introducing our country……..would have been rewarded for doing things that helps a lots of Ethiopians I would like also to thank him……

    Tassew Bezabih/Student/
    Saint Cloud State University
    Saint Cloud, MN USA

    November 19, 2007 at 9:06 am

    3301 N 5TH STREET, BROKEN ARROW, OK 74012

  9. Kassaye
    November 20, 2007 at 1:37 pm

    Hmm. the private papers go great lengh to please alamudin!
    Who wouldn’t to be honest?

  10. Desta
    November 22, 2007 at 6:12 am

    If the newes is true, the Sheraton Addis is grossly over-reacrtive,asnd un turn acting as stupids.

  11. Enenete
    November 26, 2007 at 8:30 am

    What does a letter written to the editor by someone who stated opinions have to do with Sheraton or the Sheik? The Beyonce CONCERT did not have anything to do with Sheraton Addis. Fortune did nothing wrong in printing the letter as it does not criticise anthying other than people tyring to make easy money. Even if it DID criticise – where is the harm in constructive criticism?

    And i know personally people who lost mobile phones and wallets at the concert. just because they paid 1000 birr does not mean they deserved to have their property stolen. Obviously someone couldn’t have SEEN these things happening. go back and read the letter to the editor before making rediculous speculations.

  12. Vahe
    November 26, 2007 at 10:56 am

    Kiburat ena Kiburan,
    A few points:
    1) where is the Abbi Weekly article – i can’t find it in the archives either.

    2) what is the speculation that the Sheik is angry with Fortune only because of my letter to the Editor based on? the letter does not criticise the Sheik or Sheraton Addis AT ALL? Abbi Weekly should get facts straight

    3) my name is Vahe Tilbian and i’m very much a guy!

    4) i never claimed to have SEEN the robbery although i had numerous family members, friends and aquaintences who lost mobile phones, jewelery, wallets.

    5) betam new myasazinew – why would the other reporters names not be mentioned and the silly 20 line letter is the centre of attention. Besides, the Fortune has final decision of what they choose to print. And i don’t think there was anything wrong with their decision.

    Begzyabher, befeterachuh Amlak, sewu eko hard lay yallew sayaseb afun selemikeft new. Logic is the most important thing needed in a person’s thought process. Who really thinks that the Sheik has enough time to worry about something that does not concern him in the least? Ere he has better things to do.

    (thanks to Enenete for the logical comment)

  13. Jerusalem
    December 8, 2007 at 1:21 pm

    Fro the time being it seems the Fortune that is going to lose but in the long run it is the Sheraton that had a chance to advertise in the qaulity and widely read paper is going to lose. Is Alaamudin going to have its own advertising paper or could able to get compensating newspaper

  14. January 29, 2008 at 12:45 pm

    I love this

  15. ab
    February 3, 2008 at 9:44 pm

    Will Addis Journal face the ire of Alamoudi also for reporting the report in Fortune?

    Why is no one getting to the bottom of things concerning Alamoudi? Should he be above the law just because he has money?

  16. Natyking
    February 26, 2008 at 2:10 am

    wow! i found this pretty funny but even if what happned is true , i think the Sheik did the wrong thing. it’s more of a loss to Sheraton than THE LARGEST english weekly in the NATION ,Fortune.

    But whateva i was getting blazed all day!

  17. ziz yassin
    December 6, 2009 at 10:36 am

    he(SHEIK ALAMUDIN) is the father of the people of ethiopia and the father of the people of africa , hope he will do prosperity for ethiopia , he is striving for it . i love him becouse he is our father !!

  18. Wossen
    December 8, 2009 at 4:40 pm

    Fortune is a government-backed paper (if we have a government, I mean). Sheik Alamoudi didn’t know this at the time he made Sheraton close its doors to the paper.

    When someone, may be Bereket, whispered into the Sheikh’s ears that the paper is his, Alamoudi should have laughed his heart out, and flung open the doors.

    To stay in the business, government-sponsored papers should act like they are in the league with truly independent papers like Addis Neger. The disguised papers may have technical hiccups with the state but never flee the turf.

    March 23, 2010 at 7:03 am

    I would like to express my great admiration to the Sheik for bringing thousands of job opportunities for our country. Al Amoudi is a true Ethiopian, his passion towards Ethiopia; doing useful, important, truly valuable and creative things in investment on top of introducing our country……..would have been rewarded for doing things that helps a lots of Ethiopians I would like also to thank him and keep on doing kindness and charity ,GOD bless him and his family all.
    with best regards!

  1. November 9, 2007 at 9:29 am

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