The FCC has fast-tracked George Soros’s acquisition of the second largest broadcaster in the nation, Audacy. The George Soros Fund is now a major shareholder, buying up $400 million of the company’s debt which will convert to equity in the post-bankruptcy restructuring. Audacy owns 220 radio stations across the country and, full disclosure, yours truly can be heard on them.
On Wednesday, The FCC adopted an order to approve Soros’ purchase of more than 200 radio stations in 40 markets just weeks before the presidential election, sources told The Post.
The FCC decision came after a partisan vote with the commission’s three democrats voting for the move while the two republicans voted against it, sources added.
Under existing FCC rules, foreign company ownership of US radio stations is not supposed to exceed 25%. Soros took foreign investment to make his bid and then made a filing asking the commission to make an exception to the usual review process, according to public documents.
The FCC decision to fast-track his deal is the first time in modern history such a deal has been approved by the full Commission without first running the national security review process—a process that could take up to a year or more.
The Soros group says they will come back to the FCC at some point in the future to run that process.
Soros, 93, pumped $400 million into Audacy in February to take control of the network, which includes a handful of conservative shows from hosts including Sean Hannity, Dana Loesch, Mark Levin, Glenn Beck and Erick Erickson.
It’s amazing what laws you can bypass with deep enough pockets. I spoke to the FCC’s Brendan Carr today and asked him if he really believes that Soros will “come back at some point to run that process” and whether or not there’s a chance conservatives like me could be kicked off the airwaves. Buckle up:
The Leviathan, that is our federal government, is countering the Musk move on Twitter/X. WE really didn’t think that the Serpent would stay “coiled in pause” during this election cycle did WE?! The FCC is just another tentacle to constrict WE the People of our Rights. Stay Frothy
Trying to kill free speech.