Soros illegally buying 2nd Largest US Radio Network

Biden's FCC is working to allow Soros to buy 2nd Largest Radio Network in the Nation ahead of 2024 Election in violation of US Laws against foreign ownership of media


by Donny Ferguson, American Liberty.news, May 19, 2024
 

Activist Leftist billionaire George Soros is buying a major nationwide netwok of talk radio stations in a move that has conservatives warning the  may bend the rules to allow possible widespread leftist propaganda and censoring conservative voices.

Representative  (TX-21) “called out billionaire George Soros for trying to fast-track his acquisition of the major radio company  through the Federal Communications Commission ()” his office announced in a statement.

In a letter to Federal Communication Commission Chairwoman Jessica Rosenworcel, Roy wrote, “This transaction, which affects radio stations that reach millions of listeners across the U.S., including in ' 21st congressional district, should — at minimum — be subject to rigorous FCC oversight to ensure U.S. radio stations are not subject to undue influence.”

"Audacy owns more than 2230 local stations in over 40 markets, and is the second largest radio group behind IHeart," Roy's office notes.

“Section 310(b)(4) of the Communications Act provides that no radio station license can be held by any corporation that exceeds 25 percent foreign ownership. The Soros groups are asking the Federal Communications Commission (FCC) to approve a change in ownership in Audacy without the normal process required by law,” Roy's office adds.

“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.

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Roy added, “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.”

“Will you commit to not creating a Soros shortcut by granting the request for a waiver of Section 310(b)(4) of the Communications Act and relevant FCC rules?,” Roy point-blank asked Rosenworcel.
 

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