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Daniel Greenfield(Front Page Magazine)
In February, we reported that Soros was about to take over the third-largest broadcaster in the country, Audacy, along with its stations.
After Audacy was forced to file for Chapter 11 bankruptcy, Soros Fund Management bought hundreds of millions of its debt for 50 cents on the dollar and under a bankruptcy agreement will become its largest shareholder with a potential impact on much of the country and its politics.
Audacy claims to be able to reach 200 million people across the range of its properties which include sports, music and talk radio stations, as well as a large digital platform, and while Audacy is not an inherently conservative company, it owns a number of talk radio stations and the talk radio format caters to commuters, early risers and working people which is to say conservatives. And the Soros takeover will give one of the biggest funders of leftist extremism control over not only conservative talk radio stations but those that are, like WILK, in swing states. That includes two other stations in Pennsylvania and many others across the country.
He’s not stopping.
Soros Fund Management, founded by billionaire investor George Soros, is tightening its grip over the US radio industry after scooping up a majority stake in bankrupt radio company Audacy.
In those talks, Soros’ fund, which is now controlled by the magnate’s nonprofit organization, Open Society Foundations, has privately mulled acquiring other major radio companies, including AM and FM giant Cumulus Media, according to Semafor.
Cumulus Media has been described as the second largest radio network in the country (the New York Post describes Audacy as the third largest), but either way, we are talking about a massive empire.
Audacy claimed over 200 million listeners while Cumulus claims over 250 million.
And it’s not a coincidence that this is happening right before an election.
…a Soros-backed firm played a key role in Univision’s $60 million sale of 17 Hispanic radio stations to a company run by veterans of Democratic politics, per Semafor.
Republicans could have challenged the Audacy takeover. They failed to do so. And Soros will only become more aggressive.
