FCC close to approving Soros takeover of 200+ radio stations across America

A member of the Federal Communications Commission (FCC) raised concerns over the agency’s expedited approval of a deal in which far-left activist financier George Soros will acquire more than 200 stations spanning 40 markets at once.

As LifeSiteNews covered in February, Soros purchased $400 million of the debt of Audacy, the second largest radio station owner (behind iHeartMedia) in the nation. Soros invested in the company after it filed for bankruptcy the month before with nearly $2 billion in debts. The investment comes with a yield of 50 cents on the dollar after the company emerges from bankruptcy, pending approval by a bankruptcy court of the company’s restructuring plan.

Audacy stations carry several mainstays of conservative punditry, including Sean Hannity, Dana Loesch, Ben Shapiro, Mark Levin, Glenn Beck, and Erick Erickson.

Last week, FCC Commissioner Brendan Carr testified before the House Oversight Committee that “the FCC is not following its normal process for reviewing transactions that it has established over a number of years. It seems to me the FCC is poised, for the first time, to create an entirely new shortcut.”