The U.S. House Oversight Committee is investigating why the Federal Communications Commission fast-tracked a deal that allowed a billionaire Democratic donor to buy a wide swath of American radio stations just weeks before the presidential election.
The major radio company Audacy Inc. fell into financial straits, but through a complex business deal Democratic mega donor and billionaire George Soros has gained control of the stations.
“Conservative talk radio is huge, and there is no left wing talk radio because it's just not interesting,” said Gonzalez, who is now at the Heritage Foundation.
However, Soros’ influence over so many radio stations may have even more influence over the country than one of the major papers, which Americans usually see as having a certain political leaning.
Deals of this size require FCC approval, but in this case the FCC expedited the approval process.
“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 before the November election.” Critics of the deal say it gives too much power to a heavily political, and liberal, billionaire just before the election.
“Conservative talk radio is one of the few communications that conservatives have not a monopoly on but have a strong handle on, and he has bought stations that have Mark Levin and Sean Hannity and Dana Loesch and Glenn Beck.” Critics also point out that Soros’ business partners in the deal include significant funding from sources overseas.
https://www.thecentersquare.com/national/article_c03fde90-7ce6-11ef-a3a8-1fe7d4f5ef7b.html
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