A member of Congress has denounced Hungarian globalist billionaire George Soros for the acquisition of America’s second-largest radio company, which has gone bankrupt. U.S. Rep. Chip Roy (R-TX) is reportedly accusing Soros of attempting to expedite his purchase of radio giant Audacy through the Federal Communications Commission (FCC). Through his Soros Fund Management’s (SFM) purchase of approximately $40 million of Audacy’s $1.9 billion liabilities, Soros could effectively control more than 220 radio stations across the country.
Soros’ Shocking Scheme to Subvert U.S. Media
In a letter seen by Fox News, Roy expressed concern that SFM and other groups are asking the FCC to approve a change in ownership in Audacy without the commission “running its normal, statutorily required processes.”
“This transaction, which affects radio stations that reach millions of listeners across the US, including in Texas’ 21st congressional district, should – at minimum – be subject to rigorous FCC oversight to ensure U.S. radio stations are not subject to undue influence,” the congressman for the Lone Star State wrote.
He mentioned in his letter that, instead of passing through the usual petition for declaratory ruling process, the Soros group has requested the FCC to waive that procedure and “put it off until sometime down the road – indicating that those foreign stakeholders will be given “special warrants” in the meantime.”
The congressman told Fox News that Soros is clearly making a move in the radio world.
Audacy purchase would give Soros control of broadcasters in 45 U.S. states
Roy urged federal officials to provide Audacy a temporary exemption to existing FCC rules. Under current law, U.S. radio stations cannot have foreign ownership exceeding 25 percent. Compliance with this regulation would usually slow down the approval process SFM is pursuing.
After years of decreasing revenue, Audacy filed for bankruptcy in early January with $1.9 billion in debt. SFM’s purchase of approximately 20 percent of Audacy’s debt has made it the biggest shareholder. The Soros-linked fund didn’t back a failing media company for the first time – it was one of the many corporations that acquired VICE Media after its May 2023 bankruptcy filing.
Should the deal move forward, the billionaire financier would reportedly be a part-owner of broadcasters in 45 U.S. states. Audacy presently owns 227 music, sports and talk radio stations. It also owns CBS Radio, which operates 11 news stations, along with San Francisco TV channel KCBS 2 and New York City TV channel WCBS 2.
This impact on the U.S. political system has created speculation about Soros’ control over politicians and elections. This purchase could be used as a campaign tool at the local and regional levels or to influence the forthcoming 2024 election.
Source: rigged.news
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I’m a 33-year-old writer from Houston, Texas, and the founder of World Reports Today. Driven by a deep love for my country and the timeless values of democracy and freedom of speech, I use my platform and my writing to amplify the voices of those who cherish these ideals and to spark meaningful conversations about the issues that truly matter.
