Thursday, October 24, 2024

The George Soros radio deal that has the GOP in uproar

 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.

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.

George Soros, the “kingmaker of chaos,” has done it again.

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 acquisition of the radio stations, Republicans say, was “fast-tracked” to benefit a billionaire Democrat keen to help the Biden-Harris administration.

Alex Soros sits on the board of the Fund for Policy Reform, the group now overseeing Audacy through a labyrinth of corporations.

Six weeks later, Soros came to the rescue. 

https://www.washingtonexaminer.com/in_focus/3190140/george-soros-audacy-radio-deal-fcc-gop-uproar/

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