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| George Soros |
Rep. Chip Roy, R-Texas, is accusing liberal billionaire George Soros of trying to fast-track his acquisition of a major radio company through the Federal Communications Commission (FCC).
"I write today regarding Soros Fund Management’s acquisition of over $400 million in debt held by Audacy — the second-largest broadcast radio station owner in the country. Of particular concern, the Soros groups are asking the Federal Communications Commission (FCC) to approve a change in ownership in Audacy without the FCC running its normal, statutorily required process," Roy said in a letter.
"This transaction, which affects radio stations that reach millions of listeners across the U.S., 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."
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| Chip Roy |
Soros’ investment firm became the largest shareholder of Audacy last month, which owns local radio stations across the country. Audacy filed for bankruptcy earlier this year.
Soros Fund Management was involved in a similar corporate restructure last year when it was one of the companies that acquired Vice Media after its bankruptcy filing last year.
Now, however, Roy raised alarm over Audacy also requesting that federal officials grant it a temporary exemption to existing FCC rules that forbid foreign company ownership of U.S. radio stations to exceed a 25% share, which would normally slow down the approval process.
"But instead of going through the usual petition for declaratory ruling process, which would enable the FCC to review and assess those foreign ownership interests as part of its transaction review, the Soros group has asked the FCC to waive that process and put it off until sometime down the road — indicating that those foreign stakeholders will be given ‘special warrants’ in the meantime," Roy wrote.
"The Soros group says that skipping the foreign ownership review at this time will enable the FCC to expedite its approval of the Soros applications and thus allow them to more quickly realize their ownership interests in, and take the reins at, these hundreds of local radio stations across the country."
Roy told Fox News Digital that he heard from constituents who "reached out and raised issues and concerns about the extent to which it's very clear that Soros is, you know, making a move in the radio world.".
Meanwhile,
The NY Post is reporting Soros is paying anti-Israel protestors . . . George Soros and his hard-left acolytes are paying agitators who are fueling the explosion of radical anti-Israel protests at colleges across the country.
The protests, which began when students took over Columbia University’s Morningside campus lawn last week, have mushroomed nationwide.
Copycat tent cities have been set up at colleges including Harvard, Yale, Berkeley in California, the Ohio State University and Emory in Georgia — all of them organized by branches of the Soros-funded Students for Justice in Palestine — and at some, students have clashed with police.
