Congressman Accuses George Soros of Expedited Audacy Acquisition

US Congressman Chip Roy has expressed concerns over billionaire George Soros’s alleged attempt to accelerate the acquisition of Audacy, America’s second-largest radio company. Soros has become the largest shareholder in Audacy after acquiring $400 million of its debt during its bankruptcy proceedings. Congressman Roy claims that Soros’s group is requesting the FCC to waive the usual regulatory process and grant special warrants in the meantime. The deal could potentially grant Soros part-ownership of broadcasters in 45 US states, prompting concerns about undue foreign influence on American media.

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