Post by the Scribe on Feb 16, 2024 9:58:15 GMT
ABOUT TIME!!! Scary for Republiconservatives but a GODSEND to the LEFT if we get our Air America radio back again. THIS is the moment we have been waiting for. Crocodile tears from the right wing who took over Air America only to kill it. Conservative crybullies already own 99.9 % of talk radio. It will be good to have truth back on the radio for a change.
George Soros fund poised to take control of nation’s second-largest chain of radio stations: ‘This is scary’
By Social Links forJosh Kosman and Social Links forAriel Zilber
Published Feb. 14, 2024, 1:53 p.m. ET
George Soros fund poised to take control of nation’s second-largest chain of radio stations: ‘This is scary’
George Soros is poised to take a massive stake in the nation’s second-largest radio company, which owns more than 220 stations nationwide, according to court filings and sources close to the situation.
The left-leaning billionaire’s Soros Fund Management has bought up $400 million of debt in Audacy — the No. 2 US radio broadcaster behind iHeartMedia with stations including New York’s WFAN and 1010 WINS, as well as Los Angeles-based KROQ, according to bankruptcy filings.
One insider close to the situation, noting that he was a Republican, said he believed it was possible Soros was buying the stake to exert influence on public opinion in the months leading up to the 2024 presidential election.
“This is scary,” the source said.
George Soros, the Hungarian-born financier, is poised to take control of Audacy, the nation’s second largest holder of radio stations.
AFP via Getty Images
Sources told The Post that Soros’s stake is equal to about 40% of the company’s senior debt — a massive chunk which, although not a majority, could yield effective control of the media giant when it emerges from bankruptcy.
George Soros fund poised to take control of nation’s second-largest chain of radio stations: ‘This is scary’
By Social Links forJosh Kosman and Social Links forAriel Zilber
Published Feb. 14, 2024, 1:53 p.m. ET
George Soros fund poised to take control of nation’s second-largest chain of radio stations: ‘This is scary’
George Soros is poised to take a massive stake in the nation’s second-largest radio company, which owns more than 220 stations nationwide, according to court filings and sources close to the situation.
The left-leaning billionaire’s Soros Fund Management has bought up $400 million of debt in Audacy — the No. 2 US radio broadcaster behind iHeartMedia with stations including New York’s WFAN and 1010 WINS, as well as Los Angeles-based KROQ, according to bankruptcy filings.
One insider close to the situation, noting that he was a Republican, said he believed it was possible Soros was buying the stake to exert influence on public opinion in the months leading up to the 2024 presidential election.
“This is scary,” the source said.
George Soros, the Hungarian-born financier, is poised to take control of Audacy, the nation’s second largest holder of radio stations.
AFP via Getty Images
Sources told The Post that Soros’s stake is equal to about 40% of the company’s senior debt — a massive chunk which, although not a majority, could yield effective control of the media giant when it emerges from bankruptcy.