by Ramon Tomey, Natural News:
Soros Fund Management (SFM), the investment management firm founded by Hungarian globalist billionaire George Soros, is now involved in the radio industry.
Semafor‘s Max Tani expounded on this in an April 8 piece. He began by pointing out: “George Soros thinks it’s good business, and perhaps good politics, to be in your ears.” Tani then cited several examples of SFM dipping its fingers in the oldest form of mass media.
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In February, SFM became the largest shareholder in Audacy – the second-largest radio company in the U.S. that later became bankrupt. Audacy boasted having more than 230 U.S. radio stations and a podcasting arm that includes Cadence13, Pineapple Street Studios and Podcorn. In 2022, Soros – through SFM – invested an undisclosed amount in the liberal podcast network Crooked Media of the “Pod Save America” podcast fame.
Aside from its investments in Crooked Media and Audacy, SFM also discussed the acquisition of other major companies – including the publicly-traded yet limping Cumulus Media, another major player in the radio market. “Regulations limiting ownership of radio stations put limits on such mergers,” Tani pointed out. (Related: George Soros funding tied to dozens of mainstream media figures, journalists.)
The Semafor journalist also cited information shared by insiders regarding the Soros fund’s acquisition of other radio stations. Michael Del Nin, SFM’s lead media investor, reportedly met with several major figures in digital media and audio last year – intending to expand the fund’s investments in the industry.
Among the entities SFM has its eyes on are podcast company Project Brazen, podcast and audiobook publisher Pushkin Industries and the Lemonada network. Pushkin Industries was founded by journalists Malcolm Gladwell and Jacob Weisberg, while Lemonada became famous for carrying the “Wiser Than Me” podcast hosted by actress Julia Louis-Dreyfus.
Another podcast industry insider told Semafor that Lemonada is in the midst of a formal process to find a buyer. However, some potential buyers have balked at its high asking price.
SFM involvement in radio stations could compromise their political leanings
Tani also mentioned how a startup backed by SFM played a crucial role in the 2022 sale of Hispanic radio stations all owned by TelevisaUnivision. Latino Media Network (LMN) acquired the 18 radio stations as part of the $60 million deal that included conservative Cuban powerhouse broadcasters in Miami, according to the Miami Herald. Incidentally, LMN said it had secured debt financing from Lakestar Finance LLC – which is affiliated with SFM.
According to the Semafor journalist, LMN is helmed by veterans of Democratic politics. This connection with the Hungarian globalist billionaire “drew opposition from Republican members of Congress,” he added.
“Soros’ media moves could have an impact on this year’s elections. Where conservative-backed companies dominate local television and have subtle but notable influence over the tone of their content, [his] ownership could also prove pivotal,” remarked Tani. “Whether ideology plays any role, Soros is following a format that Democratic communications officials have laid out for big-money donors to help bolster their agenda.”
Dom Theodore, program director of “The Glenn Beck Program,” expressed hope that the new ownership of Audacy “would maintain the integrity” of the acquired brands. He warned that refusing to do so “would be a major business mistake.”
According to Theodore, Cumulus and its rival iHeartMedia, both carry more conservative news talk programs. Meanwhile, Audacy – SFM’s recent acquisition – carries some conservative and straight news shows.
“In a healthy republic, the media is a ‘check-and-balance’ against those in power. But over the last few years, we’ve seen media outlets parroting talking points constructed by those in power, and over-consolidation of the media leading to censorship on an unprecedented scale by the elite,” Theodore told Semafor. “This should concern every American.”
