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 ...
In the Atlanta GA regional market (mid-TN, all of North GA, much of Alabama, SC and a bit of NC) AM 640 was bought out before the 2020 election. Went from a conservative viewpoint to all-racist democratic propaganda overnight.
A Soros-backed firm played a key role in Univision’s $60 million sale of 17 Hispanic radio stations to a company run by veterans of Democratic politics, per Semafor.
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Biden & Co. imports illegals by the millions for a reason.
Democrats believe there building Rome II
They should. Who let this Nazi into OUR USA? Anyone know.
“He was the primary source of newsprint for most of the newspaper industry.”
Soros appears to have learned the lesson of Hearst by buying up news agencies. In the 1920s and 1930s, Hearst owned the biggest media conglomerate in the world, which included a number of magazines and newspapers in major cities. Hearst also began acquiring radio stations to complement his papers. Hearst saw financial challenges in the early 1920s, when he was using company funds to build Hearst Castle in San Simeon and support movie production at Cosmopolitan Productions. This eventually led to the merger of the magazine Hearst International with Cosmopolitan in 1925.
Despite some financial troubles, Hearst began extending its reach in 1921, purchasing the Detroit Times, The Boston Record, and the Seattle Post-Intelligencer. Hearst then added the Los Angeles Herald and Washington Herald, as well as the Oakland Post-Enquirer, the Syracuse Telegram and the Rochester Journal-American in 1922. He continued his buying spree into the mid-1920s, purchasing the Baltimore News (1923), the San Antonio Light (1924), the Albany Times Union (1924), and The Milwaukee Sentinel (1924). In 1924, Hearst entered the tabloid market in New York City with New York Daily Mirror, meant to compete with the New York Daily News.
In addition to print and radio, Hearst established Cosmopolitan Pictures in the early 1920s, distributing his films under the newly created Metro Goldwyn Mayer. In 1929, Hearst and MGM created the Hearst Metrotone newsreels.
And he used them all, plus others, up to 50 newspapers at his height, as sourses for his politican gain for himself and his friends while he ran for public offices throughout the country and the presidentcy.
Course the family was rich beyind reason for the time. At one time, rgew family owned over 50 square miles of California coastline around San Simeon. The sold the land, the artifacs and the castle in trade to the state of California for the worth to alleviate he fmily from paying California taxes. They are still using that exemption and hey still own the mineral rights to the land.
The assets of the family at this time are too big to list in this forum, so here:
https://en.wikipedia.org/wiki/List_of_assets_owned_by_Hearst_Communications
wy69
In AZ three FM music stations that nobody tunes in.
Who do think inspired the movie Citizen Kane?
Well, well aware. Five radio stations in this market and NO ONE is local.
“Who do think inspired the movie Citizen Kane?”
And it is a carbon copy of what Soros is attempting to do now. Soros got the idea from the movie, I’m sure, reasoning whoever controls the information controls the public. Even to the point of destroying Welles career. Hollywood always had a liking for Hearst and many top execs were invited to the castle to stay lavishly for weeks at a time.
Welles, after Kane, had a number of projects he wanted to make that included Don Quixote, The Deep, The Merchant of Venice, Heart Of Darkness, Santa, The Life Of Christ, Moby Dick, and Around The World In 80 Day. Shortly after Kane, all his fundung died completely up. He was shut out.
wy69
Doesn’t the FCC prohibit these combinations?
I hate to say this, but WHO LISTENS TO THE RADIO SINCE THE KING OF RADIO, AKA RUSH LIMBAUGH, HAS BEEN SILENCED???
Soros is like that idiot Master DR EVIL in the Comic version of James Bond movies. HE, George Schwartz, puts his little finger to his lips and says...”that’s what we need...more COWBELL...ER, ER, I MEANT TO SAY...MORE RADIO.
Unless I’m wrong and radio is HOT. BWAHAHAHA.
I hate to say this, but WHO LISTENS TO THE RADIO SINCE THE KING OF RADIO, AKA RUSH LIMBAUGH, HAS BEEN SILENCED???
Soros is like that idiot Master DR EVIL in the Comic version of James Bond movies. HE, George Schwartz, puts his little finger to his lips and says...”that’s what we need...more COWBELL...ER, ER, I MEANT TO SAY...MORE RADIO.
Unless I’m wrong and radio is HOT. BWAHAHAHA.
Sorry for the two posts.
Imagine if Trump were doing this.
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