FCC Fast-Tracks Soros Radio Deal

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House Oversight probes FCC's expedited approval of Soros purchase of 200+ radio stations ahead of election

Summary

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78% Informative

House Oversight Committee Chairman James Comer , R- Ky. , and Rep. Nick Langworthy say the FCC expedited a decision to allow George Soros to obtain a major stake in more than 200 radio stations.

The move comes amid concerns of "politicization" and interference in the 2024 presidential election.

Soros is attempting to purchase $415 million in debt in a chapter 11 reorganization of the company Audacy Inc. The deal would require FCC approval to determine whether "the public interest will be served by the refusal or revocation of such license".

The licenses would not be transferred to Soros , but rather a transfer from Audacy as a debtor-in-possession to New Audacy .

Some inside the FCC object to the notion the move was some sort of shortcut or "fast-tracked" for Soros .

Soros would be a "major shareholder" but not be the owner.

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formal

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English

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Offensive language