Concerns are escalating over George Soros' potential acquisition of the radio platform Audacy, which is currently undergoing bankruptcy. Soros has purchased $400 million of Audacy's debt, prompting discussions about the implications for media ownership. Additionally, the Soros group has proposed skipping the foreign ownership review to expedite FCC approval, aiming to take control of numerous local radio stations nationwide. This move has raised alarms among various stakeholders, including U.S. Representative Chip Roy, who highlighted the potential impact on Texas and broader media influence. The Media Research Center (MRC) has also filed a petition with the FCC against Soros' takeover.
Evil George Soros reportedly trying to fast track the purchase of more radio stations https://t.co/2YDJmU00eQ
Soros denounced over media acquisition plans Billionaire financier has bought $400 million of debt owed by radio platform Audacy, which was going through a bankruptcy process https://t.co/FJVA2LqXrT https://t.co/904BFNepqd
⚠️ICYMI: "The Soros group says that skipping the foreign ownership review at this time will enable the FCC to expedite its approval of the Soros applications... and take the reins at these hundreds of local radio stations across the country." https://t.co/YCyRaSSotB
Chip Roy voices concern over George Soros’ purchase of major radio company, potential impact on Texas https://t.co/GpYnN68rbm via @BIZPACReview
Chip Roy raises alarms about George Soros' purchase of radio giant Audacy https://t.co/hJawoPwWfm
Tax experts say U.S. Sen. Ted Cruz's deal involving a massive radio network that picked up the “Verdict with Ted Cruz” podcast in 2022 and a super PAC supporting the Texas Republican’s reelection effort could raise red flags for the IRS. https://t.co/3kXg4lHupT
Previously: The Texas senator’s iHeartMedia deal, which sent over $600,000 to an aligned super PAC, may have broken campaign finance laws—or exploited a new loophole. https://t.co/AH5S4jvnxw
MRC files petition with FCC against George Soros' potential takeover of Audacy. https://t.co/0DuKVL6dwS