Posted on 09/24/2024 9:55:48 AM PDT by Beowulf9
The Federal Communications Commission (FCC) seemingly approved a deal that would "fast-track" left-wing billionaire George Soros’ acquisition of more than 200 Audacy radio stations across America, irking a Republican commissioner who "objected."
The New York Post first reported that the FCC last week "adopted an order to approve Soros’ purchase of more than 200 radio stations in 40 markets just weeks before the presidential election," potentially allowing the far-left kingmaker to reach more than 165 million Americans at a critical time.
(Excerpt) Read more at foxnews.com ...
"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," Moynihan added. "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 told the Post they would circle back to the FCC in the near future to run that process. If the deal goes through, Soros would be considered a "major shareholder," but not necessarily the "owner" of the stations.
An FCC spokesperson told Fox News Digital that "no decision is final until the Commission releases it, which we have not."
"The Commission has a long-standing process for reviewing transactions that involve emergence from bankruptcy," the spokesperson added, noting that the application before the Commission pertains to a transfer from Audacy in bankruptcy, to Audacy post-bankruptcy.
Some inside the FCC object to the notion the move was some sort of shortcut or "fast-tracked" for Soros, pointing to a similar process used to under the previous administration in the bankruptcy proceedings of Cumulus Media in 2018, iHeart Media in 2019, Liberman Television in 2019, Fusion Connect in 2019, Windstream Holdings in 2020, America-CV Station Group in 2021, and Alpha Media in 2021.
Some inside the FCC object to the notion the move was some sort of shortcut or "fast-tracked" for Soros, pointing to a similar process used to under the previous administration in the bankruptcy proceedings of Cumulus Media in 2018, iHeart Media in 2019, Liberman Television in 2019, Fusion Connect in 2019, Windstream Holdings in 2020, America-CV Station Group in 2021, and Alpha Media in 2021.
Commissioner Brendan Carr, the senior Republican on the Federal Communications Commission, previously expressed concern about a Soros-backed group taking control of Audacy.
"This Soros-backed group is looking to buy the second-largest radio station group in the country… some of them are in Pennsylvania, Virginia, and Florida. The vast majority are probably music or sports, but there are a handful in those states that carry conservative talk radio," Carr said on Fox News Channel’s "The Ingraham Angle."
"There is a concern," Carr added. "The FCC should not be creating this special Soros shortcut."
Soros handed control of his political empire last year to his son, Alex, and his various organizations have continued to exert significant financial influence, including millions of dollars aimed at flipping Texas to Democrats.
Those “endorsements” are proof that Harris and Timy Tim Tampon are communists.
When will we finally be rid of this sick twisted evil old nazi collaborator?!
Does he want to turn them into liberal talk radio stations? Maybe he can review whst happened with Air America?
Hope he loses tons of cash
This how the Left promotes their Fascism
We are.
We’re in ‘DECLAS’ and the Reveal now.
You didn’t think he could be taken down publicly in real-time, did you?
The good die young.
This old Nazi bastard is going to be around for a long time.
Local AM radio in New York is some seriously “slim pickins” at this point.
The replacement act for El Rushbo put up by the EIB network from 12 noon-3pm is just not cutting it.
4-5pm “Bo Snerdly’s Rush Hour” (James Golden) is pretty good but the hole from the loss of Rush Limbaugh is still gaping.
And Soros never used a tool or built a single thing in his life.
I'm guessing that most of these stations are AM daytimers. They had great reach in the conservative demographic, but liberals don't listen to AM radio.
Maybe he’ll replace that with Air America?
Nuremberg II is comin’ for ya, George.
You might want to croak before than to save yourself from the prescribed Nuremberg sentence.
Why not put Soros in jail over it. I am sure you can find a crime.
A message to future empires...from the crumbled remains of former empires....
...don't let parasites in, if they find their way in, throw them out, if you can't throw them out, don't let them setup shop, if you let them setup shop...kiss your empire goodbye.
This must never be allowed to happen. Soros needs to be “debanked” and driven out of this country. He is the devil’s pawn, the evil at the root of everything in the USA, and around the world, and needs to be driven into exile.
imho, it is tragic that this dangerous old man is still permitted to freely walk the streets of America
Like they said, it’s in his son’s hands now and his son is young.
FCC approves of monopolies especially if they’re DEMONRAT controlled monopolies. Instead of making monopolies the FCC should be breaking monopolies up.
This is what happens when government is unionized (AKA monopolized) and weaponized against We The People.
I hear that his children and grandchildren are even worse. Sounds like a hereditary dynasty thing.
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