Report: FCC Fast-Tracking Soros Radio Takeover (Connecting the Dots: Federal Communications Commission (FCC), Obama, Sidley Austin LLP, President's Intelligence Advisory Board, Michael Powell & Soros Funding, All Networking)
Newsmax.com
By
Nicole Wells | Tuesday, 18 June 2024 07:58 PM EDT
https://www.newsmax.com/newsfront/fcc-george-soros-radio/2024/06/18/id/1169251/
The
Democrat-majority Federal Communications Commission (FCC) is fast-tracking
progressive billionaire George Soros' takeover of the
second-largest radio network in the United States just months before the 2024
presidential election.
In
February, Soros Fund Management purchased $400
million of debt in Audacy, which is the No. 2 U.S. broadcaster after
iHeartMedia, the New York
Post reported, citing bankruptcy filings.
The
network, which owns more than 220 stations nationwide and reaches 165 million
monthly listeners, broadcasts a small number of conservative shows from hosts
including Erick Erickson, Sean Hannity, Mark Levin, and Dana Loesch.
Their
days at a Soros-controlled station could be numbered, 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," the source said.
To
assume control of the bankrupt network, Soros Fund Management needs the FCC to
make an exception and allow a larger than usual percentage of foreign money to
purchase it.
Foreign
company ownership of U.S. radio stations is not permitted to exceed 25% under
existing FCC rules. A filing acquired by the Post shows that Soros asked the
commission to make an exception in Audacy's case, however.
FCC
Commissioner Brendan Carr is sounding off about the potential agency assist,
telling the Post, "The FCC should not create a special Soros
shortcut."
"When
it comes to a broadcast station acquisition of this size and magnitude –
hundreds of radio stations across more than 45 markets – the FCC needs to run
its full and normal review process," Carr said. "The FCC should not
be skipping steps or waiving required agency processes."
Rep.
Chip Roy, R-Texas, wrote
the FCC in late April that the Soros group was trying to waive
the usual process and "put it off until sometime down the road —
indicating that those foreign stakeholders will be given 'special warrants' in
the meantime."
Newsmax
reached out to the FCC for comment but did not immediately hear back.
A
representative for Soros Fund Management told the Post the company does not
comment on ongoing transactions.
It's
the latest move into American radio for the left-leaning financier's eponymous
company. In 2022, it brokered Univision's $60 million sale of 18 primarily
conservative Hispanic radio stations and also acquired the liberal podcast
network Crooked Media.
The
Post's sources said that Soros' stake in Audacy is around 40% of the company's
senior debt, which could give him effective control when it emerges from
bankruptcy, despite not being a majority.
Coming
just five months before the 2024 presidential election, the timing of the deal
has raised questions, as well as eyebrows.
One
Republican source told the Post it was possible that Soros was buying the stake
in the broadcasting giant to influence public opinion in the run-up to
November's election.
"This
is scary," the source said.
Connecting
the Dots:
Michael K. Powell was
the chairman for the Federal Communications Commission (FCC), is Colin
L. Powell’s son, the president & CEO for the National
Cable & Telecommunications Association and a trustee at the Aspen
Institute (think tank).
Foundation to Promote Open Society was a funder
for the Aspen Institute (think tank).
George
Soros was the chairman
for the Foundation to Promote Open Society and is the founder of
the Soros Fund Management.
Stephen Friedman is
a trustee at the Aspen Institute (think tank) and was a member of
the President's Intelligence Advisory Board.
Julius Genachowski is a senior fellow at the Aspen Institute
(think tank), a member of the President's Intelligence Advisory
Board, was a law school friend of Barack Obama and the chairman
for the Federal Communications Commission (FCC).
Barack
Obama was Julius Genachowski law school friend
and an intern at Sidley Austin LLP.
Michelle Obama was
a lawyer at Sidley Austin LLP.
Mark D. Schneider is
a partner at Sidley Austin LLP and was an associate general counsel
for the Federal Communications Commission (FCC).
James D. Zirin is
a senior counsel at Sidley Austin LLP, and was a director at
the Human Rights First.
Mark A. Angelson was
a partner at Sidley Austin LLP, and a director at the Human
Rights First.
Foundation to Promote Open Society was a funder for the Human
Rights First.
George Soros was the chairman
for the Foundation to Promote Open Society and is the founder of
the Soros Fund Management.
Mona K. Sutphen is
a director at the Human Rights First, a member of the President's
Intelligence Advisory Board and was an assistant to the president and
deputy chief of staff for the Barack Obama administration.
Stephen Friedman was
a member of the President's Intelligence Advisory Board and is a
trustee at the Aspen Institute (think tank).
Foundation to Promote Open Society was a funder
for the Aspen Institute (think tank).
George Soros was the chairman
for the Foundation to Promote Open Society and is the founder of
the Soros Fund Management.
Julius
Genachowski is a senior fellow at the Aspen Institute (think
tank), a member of the President's Intelligence Advisory Board,
was a law school friend of Barack Obama and the chairman for the Federal
Communications Commission (FCC).
Michael K. Powell
is a trustee at the Aspen Institute (think tank), Colin L.
Powell’s son, the president & CEO for the National Cable
& Telecommunications Association and was the chairman for the Federal
Communications Commission (FCC).
Federal
Communications Commission (FCC) regulates U.S. outlets
for broadcast.
Thomas E. Wheeler is
the chairman for the Federal Communications Commission (FCC) and
was a member of the President's Intelligence Advisory Board.
Julius
Genachowski is a member of the President's Intelligence
Advisory Board, a senior fellow at the Aspen Institute (think tank),
was a law school friend of Barack Obama and the chairman for
the Federal Communications Commission (FCC).
Barack Obama was
Julius Genachowski law school friend and an intern at Sidley
Austin LLP.
Michelle Obama was
a lawyer at Sidley Austin LLP.
Mark D. Schneider is
a partner at Sidley Austin LLP and was an associate general counsel
for the Federal Communications Commission (FCC).
Mignon Clyburn is
a commissioner for the Federal Communications Commission (FCC)
and James E. Clyburn’s daughter.
James E. Clyburn is Mignon
Clyburn’s father and an honorary co-chair for the Third Way.
Ronald A. Klain is
a trustee at the Third Way, the coordinator of government Ebola efforts
for the Barack Obama administration and was Albert A. Gore
Jr’s chief of staff.
William M. Daley is
a trustee at the Third Way, a member of the Commercial Club
of Chicago and was the chief of staff for the Barack Obama
administration.
Albert A. Gore Jr.’s
chief of staff was Ronald A. Klain and is a partner at Kleiner
Perkins Caufield & Byers.
Colin L. Powell is
a strategic adviser for Kleiner Perkins Caufield & Byers
and Michael K. Powell’s father.
Michael K. Powell is Colin
L. Powell’s son, the president & CEO for the National
Cable & Telecommunications Association, a trustee at the Aspen
Institute (think tank) and was the chairman for the Federal
Communications Commission (FCC).
Foundation to Promote Open Society was a funder for
the Aspen Institute (think tank).
George Soros was the chairman for
the Foundation to Promote Open Society and is the founder of
the Soros Fund Management.
Julius
Genachowski is a senior fellow at the Aspen Institute (think
tank), a member of the President's Intelligence Advisory Board,
was a law school friend of Barack Obama and the chairman for the Federal
Communications Commission (FCC).
Resources:
Past Research
FCC
Chairman Joins Obama to Control Internet (Past
Research on the Federal Communications Commission (FCC))
WEDNESDAY,
JANUARY 14, 2015
https://thesteadydrip.blogspot.com/2015/01/fcc-chairman-joins-obama-to-control.html
Records:
Soros Fund Execs Funded Paul Ryan, Marco Rubio, Jeb Bush, John McCain, John
Kasich, Lindsey Graham in 2016 (Past Research on Soros
Fund Management)
WEDNESDAY,
FEBRUARY 8, 2017
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