Apr 24, 01:36 PM

MRC Files FCC Petition Over Soros' Purchase of Bankrupt Audacy

Concerns are escalating over George Soros' potential acquisition of the radio platform Audacy, which is currently undergoing bankruptcy. Soros has purchased $400 million of Audacy's debt, prompting discussions about the implications for media ownership. Additionally, the Soros group has proposed skipping the foreign ownership review to expedite FCC approval, aiming to take control of numerous local radio stations nationwide. This move has raised alarms among various stakeholders, including U.S. Representative Chip Roy, who highlighted the potential impact on Texas and broader media influence. The Media Research Center (MRC) has also filed a petition with the FCC against Soros' takeover.