Investigation Launched into FCC Approval of Billionaire Democratic Donor’s Radio Station Deal
By Casey Harper (The Center Square)
The U.S. House Oversight Committee has launched an investigation into the Federal Communications Commission’s fast-tracking of a deal that allowed billionaire Democratic donor George Soros to acquire a significant number of American radio stations just weeks before the presidential election.
Audacy Inc., a major radio company, faced financial difficulties, leading to Soros gaining control of the stations through a complex business deal that required FCC approval. However, concerns were raised about the expedited approval process by FCC Commissioner Brendan Carr during a Congressional hearing.
House Oversight Chair Rep. James Comer and Rep. Nick Langworthy expressed concerns in a letter to FCC Chair Jessica Rosenworcel, stating that the FCC seemed to be bypassing established processes to favor Soros and his influence over hundreds of radio stations before the election.
Critics of the deal argue that it grants excessive power to Soros, a heavily political and liberal billionaire, potentially allowing him to manipulate information and influence public opinion through the radio stations.
It is worth noting that Soros’ business partners in the deal have significant funding from overseas sources, raising further questions about the deal’s implications on American media landscape.
While other wealthy media owners like Jeff Bezos have faced scrutiny for their ownership power, Soros’ control over numerous radio stations could have a significant impact on the country’s media landscape.
Soros, known for funding liberal organizations in the U.S., has been strategic in his support for left-wing causes, leading to concerns about his potential influence over the thinking of Americans through the acquired radio stations.
Syndicated with permission from The Center Square.
