Posted on 02/15/2024 10:38:36 AM PST by SeekAndFind
George Soros is poised to take a massive stake in the nation’s second-largest radio company, which owns more than 220 stations nationwide, according to court filings and sources close to the situation.
The left-leaning billionaire’s Soros Fund Management has bought up $400 million of debt in Audacy — the No. 2 US radio broadcaster behind iHeartMedia with stations including New York’s WFAN and 1010 WINS, as well as Los Angeles-based KROQ, according to bankruptcy filings.
One insider close to the situation, noting that he was a Republican, said he believed it was possible Soros was buying the stake to exert influence on public opinion in the months leading up to the 2024 presidential election.
“This is scary,” the source said.
Sources told The Post that Soros’s stake is equal to about 40% of the company’s senior debt — a massive chunk which, although not a majority, could yield effective control of the media giant when it emerges from bankruptcy.
Soros scooped up the debt during the past few weeks at roughly 50 cents on the dollar from hedge fund HG Vora, according to a source close to the situation.
Audacy confimed the Soros’ investment after reports of the deal surfaced.
“The decision by our existing and new debtholders to become equity holders in Audacy represents a significant vote of confidence in our company and the future of the radio and audio business,” Audacy said in a statement.
Soros Fund didn’t respond to a request for comment. A spokesperson for HG Vora declined to comment.
(Excerpt) Read more at nypost.com ...
“Foreign Nationals need a waiver in order to own more than 25% of a broadcast station.”
Soros is an American citizen and Soros Fund Management is an American company.
It is not about promoting left wing radio.
It is about silencing conservative thought on the radio at a critical moment in history.
#NCSWIC
Foreigners should definitely control all our media.
and our maritime ports.
We should have a majority of dual citizens in congress.
Naturalized Citizens should be allowed to be President.
Our military uniforms and spare parts should all be made in foreign countries
Geographically displaced persons should be first in line for all govt benefits.
Billionaires should not have to pay taxes
what have I forgotten ?
Why this evil nazi collaborator is still breathing is beyond me.
And congress has no say on such a large purchase by an ex assistant jew hunter?
Well, I hope this turns out to be a huge waste of investment to him, politically and financially.
I think that, in general, pretty much only old white conservatives listen to radio anymore, especially AM, and they are getting sick of listening to leftist propaganda.
Well, maybe they will start issuing portable radios along with the cell phones they give to the invaders when they cross the border so someone will listen to the propaganda.
In fact, I read just a few months ago that vehicle manufacturers were planning on no longer putting radios in new vehicles, even as optional equipment.
I’m going to contact the FCC to tell them this is an unfit broadcaster.
Including ‘net broadcasting plus later “podcast” listenings?
I listen to no shortage of “radio” stations in near real time through the ‘net on my iPhones and through Alexa devices.
Plus through the night replays of podcasts as I may be awake for an hour or two.
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