George Soros’ ‘unprecedented’ purchase of Audacy radio stations before election investigated by lawmakers: ‘New shortcut’
The major radio company Audacy Inc. fell into financial straits, but through a complex business deal Democratic mega donor and billionaire George Soros has gained control of the stations.
Audacy will head to bankruptcy court after the FCC agreed to conduct a foreign-ownership review with a new, post-bankruptcy ...
Philadelphia Inquirer on MSN2h
Audacy to go private after emerging from bankruptcy and completing financial restructuringThe billionaire’s Soros Fund Management previously acquired about $415 million worth of Audacy’s debt. As part of the ...
Audacy's successful reorganization may mark a new beginning, but the media company continues to face a challenging economic ...
Audacy will continue to focus on sports radio and podcasts, buoyed by assets acquired in a merger with CBS Radio in 2017.
The decision has drawn criticism from Republicans, who say the FCC broke with established procedure to push the deal through.
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