The Media Research Center wants the Federal Communications Commission to know: “The Communications Act does not contain a special Soros shortcut.”
Today, the Media Research Center (MRC) and its president, Brent Bozell, filed a formal petition to the Federal Communication Commission (FCC) requesting that the agency not fast-track George Soros’ scheme to take over radio behemoth Audacy, which owns the second largest number of broadcast radio stations in the country.
Leftist activist billionaire George Soros and his company Soros Fund Management have pushed for the FCC to approve their assignment applications to become the largest shareholder in Audacy. The Communications Act, however, requires the FCC first perform a “public interest” analysis before approving such an acquisition, particularly in a case like this one, where foreign ownership interests are involved. However, Soros has asked the FCC to disregard this congressionally-mandated procedure, saying the commission should use its byzantine “special warrant” process to sidestep proper review.
Soros Fund Management, made a move to spend $400 million to acquire 40 percent of Audacy’s shares, insisting that the “special warrant” process is necessary as Audacy has recently filed for bankruptcy. However, as Bozell stated succinctly on behalf of the MRC in the FCC petition, “The Soros filings fail to demonstrate that in this case any interest in the reasonably efficient emergence from bankruptcy cannot be accommodated while also assessing the foreign ownership interests at the same time.”
Bozell pointed out that rather than being motivated by necessity, Soros groups are simply pushing to disregard the congressionally-mandated rules. Bozell explained: “[I]t appears that the Soros groups are simply trying to create an entirely new process or rule [to] … get special treatment when it comes to the [Communications Act] process.”
The New York Post previously reported that Soros’ attempted takeover of Audacy may mean the left-wing billionaire “was buying the stake to exert influence on public opinion in the months leading up to the 2024 presidential election.” Between 2016 and 2020, Soros gave over $130 million to other media organizations in order to push his left-wing agenda. He has also given extensively to the International Fact-Checking Network, which coordinates censorship efforts between various left-wing outlets such as The Washington Post and Meta platforms (Facebook, Instagram, Threads and WhatsApp).
MRC Vice President for Free Speech America Dan Schneider cautioned that FCC commissioners sympathetic to Soros’ agenda might try to disregard the law to fast-track the Audacy acquisition. Schneider warned: “Right now, the Democrats on the Commission are trying to grease the skids to allow George Soros and his son Alex to buy skads of radio stations all across America…right before the election. I don’t think that’s coincidental.”
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