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landscape in the United States. In a 3-2 vote sending shockwaves throughout the Republican Party, the Federal Communications Commission in September allowed a nonprofit group funded by Soros to take control over radio giant Audacy after the company went bankrupt.
George Soros, the founder of the Open Society Foundations, attends the European Council on Foreign Relations Annual Council Meeting on May 29, 2018, in Paris. Soros’s ties to the Audacy transaction are raising concerns among Republicans. , which declined to comment for this story, is the second-largest radio broadcaster in the U.S. after iHeartMedia.
Then, the radio broadcaster told the regulator it would accept a foreign ownership review willingly, according to the FCC. But the regulator said it was fine to conduct the review after the licenses were already issued — a point of major tension for the GOP. The regulator called the GOP’s claim that the process was fast-tracked “false,” pointing to license transfers in past years related to Cumulus Media, iHeart Media, Liberman Television, and other companies. Carr says these examples, however, were bureau-level and thus separate from commission-level decisions he would be involved with directly.sees the regulator’s reasoning on the delay of the review as counterintuitive.
Reed Rubinstein, a former deputy associate U.S. attorney general, agrees that the transaction appears to be a means through which Soros can “gain control over the media ecosystem” thanks to the FCC skirting its rules. In 2022, Soros Fund Management invested in Crooked Media, a company founded by ex-Obama aides that distributes the popular left-wing
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