George Soros Radio Stations Takeover?

FCC's Carr to Newsmax: Sound Alarm on Soros Radio Takeover Bid

"Brendan Carr, one of two Republican members of the five-member Federal Communications Commission, warned Thursday on Newsmax about an effort by a foreign company founded by liberal billionaire George Soros that is seeking to fast-track the purchase of more than 200 radio stations in the U.S.

In February, Soros Fund Management reportedly purchased $400 million of debt in Audacy, which is the No. 2 U.S. broadcaster behind iHeartMedia. Audacy, which owns more than 220 stations nationwide and reaches 165 million monthly listeners, features a number of conservative shows from hosts that include Erick Erickson, Sean Hannity, Mark Levin, and Dana Loesch.

FCC rules prohibit giving a radio station license to a company if more than 25% of its controlling interest is held by a foreign individual, government, or entity.

To assume control of Audacy, the FCC would need to make an exception for Soros Fund Management."

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