Free Republic

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...

The left-leaning billionaire George Soros will be purchasing the second-largest radio company in America, according to court filings and sources close to the situation. The Soros Fund Management has bought up $400 million of debt in Audacy, which owns over 220 radio stations across the country. According to a Republican insider that spoke to the New York Post, he believes it was possible Soros was buying the stake to help influence public opinion for the months prior to the 2024 presidential election.

Audacy, the radio and podcast giant, it filed plans for Chapter 11 bankruptcy protection to reduce its debt. The restructuring agreement will allow Audacy to slash its total debt load by 80% to about $350 million from around $1.9 billion ... Audacy , the radio and podcast giant, said Sunday it filed plans for Chapter 11 bankruptcy protection in Texas to reduce its debt. The restructuring agreement will allow Audacy to slash its total debt load by 80% to about $350 million from around $1.9 billion ... The Philadelphia-based company owns hundreds of radio stations and is one of the...