Left-leaning billionaire George Soros is trying to recruit the Democrat-controlled Federal Communications Commission to help fast track his takeover of the nation’s second-biggest radio network.
Soros, 93, pumped $400 million into Audacy in February, a network which reaches 165 million monthly listeners and includes a handful of conservative shows from hosts including Sean Hannity, Dana Loesch, Mark Levin, Glenn Beck and Erick Erickson.
But their influence is likely to be muted if the billionaire takes over and imposes his agenda, as has happened with other media acquisitions.
A source with knowledge of the deal told The Post: “The idea that George Soros is buying hundreds of local radio stations right before a national election and will keep broadcasting Sean Hannity and other conservative talk radio hosts on Audacy is not credible.”
However, to take control Soros Fund Management needs help from the FCC as the money funneled into buying the bankrupt network comes from abroad.
Under existing FCC rules, foreign company ownership of US radio stations is not allowed to exceed 25% — but a filing acquired by The Post details Soros’ asking the commission to make an exception.
FCC Commissioner Brendan Carr is raising an alarm that was first set off by Texas Congressman Chip Roy (R-Texas) in April.
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>Left-leaning billionaire George Soros is trying to recruit the Democrat-controlled Federal Communications Commission to help fast track his takeover of the nation’s second-biggest radio network.
>Soros, 93, pumped $400 million into Audacy in February, a network which reaches 165 million monthly listeners and includes a handful of conservative shows from hosts including Sean Hannity, Dana Loesch, Mark Levin, Glenn Beck and Erick Erickson.
>But their influence is likely to be muted if the billionaire takes over and imposes his agenda, as has happened with other media acquisitions.
>A source with knowledge of the deal told The Post: “The idea that George Soros is buying hundreds of local radio stations right before a national election and will keep broadcasting Sean Hannity and other conservative talk radio hosts on Audacy is not credible.”
>However, to take control Soros Fund Management needs help from the FCC as the money funneled into buying the bankrupt network comes from abroad.
>Under existing FCC rules, foreign company ownership of US radio stations is not allowed to exceed 25% — but a filing acquired by The Post details Soros’ asking the commission to make an exception.
>FCC Commissioner Brendan Carr is raising an alarm that was first set off by Texas Congressman Chip Roy (R-Texas) in April.
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