FCC Fast-Tracking Dem Donor Media Takeover

Jun 20, 2024

The Federal Communications Commission (FCC) is reportedly fast-tracking a radio media takeover by progressive Democrat billionaire donor George Soros ahead of the 2024 election.

The Soros Management Fund purchased the $400 million debt of Audacy in February, the No. 2 broadcaster in the nation, following iHeartMedia, according to Newsmax. The 220+ stations owned by Audacy play to around 165 million monthly listeners in the U.S. and own a handful of major conservative shows. These include those hosted by Mark Levin, Sean Hannity, Dana Loesch, and more.

“The idea that George Soros is buying hundreds of local radio stations right before a national election and will keep broadcasting Sean Hannity and other conservative talk radio hosts on Audacy is not credible,” a source told the New York Post. (LEARN MORE: Supreme Court To Hear Ultimate Free Speech, Censorship Case)

Why Is The FCC Involved?

To take full control of the network, Soros would need the FCC to bend the rules on how much foreign money is allowed to purchase it. “Foreign company ownership of U.S. radio stations is not permitted to exceed 25% under existing FCC rules. A filing acquired by the Post shows that Soros asked the commission to make an exception in Audacy’s case, however,” Newsmax noted.

“The FCC should not create a special Soros shortcut,” FCC Commissioner Brendan Carr told the Post. “When it comes to a broadcast station acquisition of this size and magnitude – hundreds of radio stations across more than 45 markets – the FCC needs to run its full and normal review process. The FCC should not be skipping steps or waiving required agency processes.” (LEARN MORE: Attendees Recite Lord’s Prayer At School Board Meeting After Attempted Censorship)

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