Billionaire George Soros’ controlling interest in 227 radio stations — a quarter of the radio stations in the country — appears to be on track, but for the watchful eye of incoming Federal Communications Commission chief Brendan Carr. Soros, and a conglomeration of companies under his control, received unprecedented approval from the FCC for the acquisition of Audacy in the wake of the company’s bankruptcy filing this year. But approval for the leftist billionaire’s purchase of the radio stations, which span 45 media markets reaching 165 million Americans, wasn’t just fast-tracked.
The FCC’s move broke with precedent by skirting a rule that protects U.S. communications channels from foreign influence. The FCC’s expeditious approval of the deal sidestepped the fact that the Soros-controlled Audacy will be more than 25% foreign-owned, which requires additional scrutiny the FCC withheld from the process. Meanwhile, Audacy, presumably under Soros’ auspices, has re-upped a deal with Bloomberg to distribute news content across the syndicate’s news/talk markets.
Carr, President-elect Donald Trump’s pick for the role, criticized the decision back in September, and told Fox News before Thanksgiving he intends to give the authorization a second look. Incoming FCC Chair Brendan Carr, President-elect Donald Trump’s pick for the role, criticized the anomalous decision back in September, and told Fox News before Thanksgiving he intends to give the authorization a second look.
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