from ZeroHedge:
The recent approval by the Federal Communications Commission (FCC) of billionaire activist George Soros’ acquisition of more than 200 Audacy radio stations has ignited controversy.
According to the NY Post, the FCC adopted an order to approve Soros’ purchase of more than 200 radio stations in 40 markets just weeks before the US election in November.
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This development has prompted allegations from Republican FCC commissioners and lawmakers of straight up malarkey. According to the Post, this deal was pushed through with a partisan 3-2 vote just before the presidential election, potentially enhancing Soros’ reach to over 165 million Americans during a critical time.
The deal, which saw Soros funnel $400 million into the bankrupt Audacy network, has raised concerns because it involves foreign capital that exceeds the typical FCC cap on foreign ownership of U.S. radio stations. This cap is ordinarily set at 25%, but Soros’ proposal requests an exception, urging a swift process adjustment. Critics argue that this fast-tracking bypasses the usual national security checks that are standard for such significant transactions, suggesting an unprecedented move by the FCC.
Commissioner Brendan Carr slammed the move, criticizing the FCC for creating what he termed a “special Soros shortcut,” to which Elon Musk replied “[S]ounds like corruption.”
