Wednesday, June 26, 2024

FCC's Carr to Newsmax: Sound Alarm on Soros Radio Takeover Bid | Newsmax.com

FCC's Carr to Newsmax: Sound Alarm on Soros Radio Takeover Bid | Newsmax.com
  • ...warned Thursday on Newsmax about an effort by a foreign company founded by liberal billionaire George Soros that is seeking to fast-track the purchase of more than 200 radio stations in the U.S.
  • In February, Soros Fund Management reportedly purchased $400 million of debt in Audacy, which is the No. 2 U.S. broadcaster behind iHeartMedia...
  • FCC rules prohibit giving a radio station license to a company if more than 25% of its controlling interest is held by a foreign individual, government, or entity. To assume control of Audacy, the FCC would need to make an exception for Soros Fund Management...

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