REPORT: The George Soros radio deal that has the GOP in uproar

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Washington Examiner investigative reporter Gabe Kaminsky is digging deep into the takeover of major radio stations across the country by liberal billionaire George Soros.

From the Washington Examiner: George Soros, the “kingmaker of chaos,” has done it again.

Weeks before the 2024 election, the Democratic megadonor has notched a victory in his endless pursuit to gain influence over the news media landscape in the United States. In a 3-2 vote sending shockwaves throughout the Republican Party, the Federal Communications Commission in September allowed a nonprofit group funded by Soros to take control over radio giant Audacy after the company went bankrupt.

The deal places the Soros family, namely Alex Soros, the 38-year-old son of George Soros, at the top of a media empire that houses more than 200 radio stations. Alex Soros sits on the board of the Fund for Policy Reform, the group now overseeing Audacy through a labyrinth of corporations. The four-person board of trustees also includes Soros spokesman Michael Vachon, attorney Maryann Canfield at Soros Fund Management (the firm that bought Audacy’s debt), and Leonard Benardo, a top staffer for the Soros-backed Open Society Foundations philanthropy empire.

But, in the telling of Republicans on Capitol Hill and within the FCC’s ranks, as well as top conservative media insiders who spoke with the Washington Examiner, the Audacy deal is a big sham.

The acquisition of the radio stations, Republicans say, was “fast-tracked” to benefit a billionaire Democrat keen to help the Biden-Harris administration. Doing so, FCC member Brendan Carr said in an interview, is “unprecedented.”


The report notes that Soros, 94, is well known for funding progressive causes, including those accused of censoring conservative voices. Now, with control of radio stations across America, including some conservative programs, concerns have only increased now that Soros will have more control over the media.

Audacy, based in Philadelphia, is the second largest radio broadcaster in the U.S., right behind iHeartMedia. The company filed for Chapter 11 bankruptcy in January, and just six weeks later, Soros came to the “rescue,” snatching it up and becoming the largest shareholder of the company.

Then the FCC bypassed standard procedures to fast-track the transfer, and signed off on the deal in September.

David D. Smith, the executive chairman of the Sinclair Broadcast Group, warned, “What you now have is a left-wing Looney Tune who has access to millions of people in every market in the United States of America.”

READ MORE from the Washington Examiner.

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