In September 2024, I posted an article about the fast-tracking of George Soros’ bid to take over hundreds of Audacy radio stations. The stations air such shows as Sean Hannity, Dana Loesch, Mark Levin, Glenn Beck and Erick Erickson. Well, not so fast. George Soros may have every right to buy those radio stations, but there is a review process involved, and that process was skipped.
On Tuesday, Breitbart reported the following:
Federal Communications Commission (FCC) Chairman Brendan Carr will brief the Republican Study Committee on Wednesday about George Soros’s “unprecedented” scheme to take over 200 Audacy radio stations.
Carr will detail how the FCC, under Democrat leadership, approved a license deal delivering leftist billionaire Soros over 200 Audacy radio stations.
Soros reportedly took foreign investment to make his bid for the 200 Audacy radio stations, which cover 40 media markets, and asked the commission to make an exception to the normal review process.
This is reportedly the first time such a deal was fast-tracked without a national security review process, which normally takes at least a year.
The article concludes:
Carr continued, “Did they obtain approval from the FCC for their excessive foreign ownership? No, they did not. Did the Applicants afford the Executive Branch agencies with national security and relevant policy expertise an opportunity to consider their application as well as the source and amount of foreign investment? No, they did not.”
“First, I just have to point out: a Commission eager to fast-track a billion dollar broadcast media reorganization, disregarding foreign ownership concerns,” FCC Commissioner Nathan Simington noted in a statement at the time, “is the same Commission that has gone back to the well several times to impose and re-impose foreign sponsorship identification rules on our smallest independent broadcast license holders every time they place local church content on the air.”
Simington added, “Just saying.”
The main issues in the approval are the fact that the approval was given without seeking public comment on altering established regulations, without actually changing the rules, and without enabling Executive Branch agencies with national security and specific policy expertise to weigh in (because of the foreign investment involved).