George Soros Controversy - Lawmakers Ratchet Up Investigation Into Radio Station Purchase
THE "AUDACY" SALE NEEDS TO BE OVERTURNED BY THE FCC
The sale affects 40 media markets reaching more than 165 million Americans.
“By all appearances, the FCC majority isn’t just expediting, but is bypassing an established process to do a favor for George Soros and facilitate his influence over hundreds of radio stations” the lawmakers letter added.
“We write to better understand the recent decision made by the Federal Communications Commission (FCC) to waive its foreign ownership rules to fast track the purchase of more than 200 radio stations in the United States (U.S.) by a Fund backed by a Democrat mega-donor,” the letter said.
Despite the unprecedented nature of this action, the FCC majority (3 of 5 of its directors are Democrats) has apparently decided to approve licenses on an accelerated timeframe for a company in which George Soros has a major ownership stake, and with stations in 40 media markets reaching ‘more than 165 million Americans.
George Soros Controversy - Lawmakers Ratchet Up Investigation Into Radio Station Purchase
THE "AUDACY" SALE NEEDS TO BE OVERTURNED BY THE FCC
The sale affects 40 media markets reaching more than 165 million Americans.
“By all appearances, the FCC majority isn’t just expediting, but is bypassing an established process to do a favor for George Soros and facilitate his influence over hundreds of radio stations” the lawmakers letter added.
“We write to better understand the recent decision made by the Federal Communications Commission (FCC) to waive its foreign ownership rules to fast track the purchase of more than 200 radio stations in the United States (U.S.) by a Fund backed by a Democrat mega-donor,” the letter said.
Despite the unprecedented nature of this action, the FCC majority (3 of 5 of its directors are Democrats) has apparently decided to approve licenses on an accelerated timeframe for a company in which George Soros has a major ownership stake, and with stations in 40 media markets reaching ‘more than 165 million Americans.