Posted on 04/13/2024 10:04:10 AM PDT by E. Pluribus Unum
In February, we reported that Soros was about to take over the third-largest broadcaster in the country, Audacy, along with its stations.
After Audacy was forced to file for Chapter 11 bankruptcy, Soros Fund Management bought hundreds of millions of its debt for 50 cents on the dollar and under a bankruptcy agreement will become its largest shareholder with a potential impact on much of the country and its politics.
Audacy claims to be able to reach 200 million people across the range of its properties which include sports, music and talk radio stations, as well as a large digital platform, and while Audacy is not an inherently conservative company, it owns a number of talk radio stations and the talk radio format caters to commuters, early risers and working people which is to say conservatives. And the Soros takeover will give one of the biggest funders of leftist extremism control over not only conservative talk radio stations but those that are, like WILK, in swing states. That includes two other stations in Pennsylvania and many others across the country.
He’s not stopping.
Soros Fund Management, founded by billionaire investor George Soros, is tightening its grip over the US radio industry after scooping up a majority stake in bankrupt radio company Audacy.
In those talks, Soros’ fund, which is now controlled by the magnate’s nonprofit organization, Open Society Foundations, has privately mulled acquiring other major radio companies, including AM and FM giant Cumulus Media, according to Semafor.
Cumulus Media has been described as the second largest radio network in the country (the New York Post describes Audacy as the third largest), but either way, we are talking about a massive empire.
Audacy claimed over 200 million listeners while Cumulus claims over 250 million.
And it’s not a coincidence that this is happening right...
(Excerpt) Read more at frontpagemag.com ...
Can we say William Randolph Hearst? He also controlled the liberal media and used it as a weapon.
wy69
My phone’s Bluetooth is my radio station. All the others are pretty much dead.
How many belong to the horrible de*th cult of savage barbarians who enjoy m*rdering innocent people on purpose, supported by radical leftists wokes?
Most of all of the listeners I hear on Audacy stations are wise to Soros.
I stopped listening after Rush died. Let him waste his money on them.
Hearst was instrumental in outlawing hemp.
He owned large forests for paper pulp. He was the primary source of newsprint for most of the newspaper industry.
Hemp biomass grew faster and made better paper than wood.
Couldn’t have that, thus was born “Reefer Madness.”
has a “reach” of 200 million, not actually 200 million listeners.
This just describes the total areas covered by the broadcast signals
“I wonder what jollies crooked b@$t@rd Soros gets out of it? Can someone tell me, I would appreciate it.“
Al of his political rage and hate and machinations distract him from thinking about his, at this point, looming meeting with the Creator he doesn’t believe in.
The issue isn’t counter programming, it’s eliminating conservative programming in major markets.
We have our local (Cumulus-owned) WMAL FM, conservative talk radio (Rush was on that station here.) We listen to it all day most of the time. It’s not ‘dead’.
Ha!
Thanks
New regulation: it’s a violation of anti-trust for any one individual or holding company to possess more than one radio network, or to possess ownership of a radio network over a given size. If a radio network grows past the threshold, it must be split and the new owner must prove no affiliation with the other.
btt
Probably should ask Musk.
Will he go after Salem or iheart next?
I don’t even have a radio in the house any more, and I’m a bicycler so I rarely use my car. Its radio is still set to the local Rush Limbaugh station but if his replacements are airing I switch to a music channel. Talk radio died for me along with him.
Doesn’t the FCC and the FTC have a problem with media monopolies?
200 million + 250 million ==450 million
Country only has about 310 million can understand & speak English
He will be there before too long.
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