The U.S. House Oversight Committee is scrutinizing the Federal Communications Commission (FCC) expediting the approval of billionaire plutocrat George Soros acquiring numerous American radio stations through Audacy Inc. The purchasing spree, which required FCC consent, has been fast-tracked, raising questions about the agency’s impartiality.
FCC Commissioner Brendan Carr has told Congress that “the FCC is not following its normal process” in authorizing Soros’s radio takeover. He notes there is “one way in which you can get approval from the FCC when you have an excess of 25 percent foreign ownership” for such transactions, but “the FCC is poised to create, for the first time, an entirely new shortcut” for Soros.
House Oversight Chair Representative James Comer (R-KY) and Rep. Nick Langworthy (R-NY) have written a letter to FCC Chairwoman Jessica Rosenworcel expressing their concerns that “By all appearances, the FCC majority isn’t just expediting, but is bypassing an established process to do a favor for George Soros and facilitate his influence over hundreds of radio stations before the November election.”
The Hungarian-born investor, convicted of insider trading in Europe, is a major donor to the Democrats, and it was the votes of Democrat commissioners at the FCC that authorized his radio purchases.
Today, the FCC released the text of its 3-2 decision to allow a group backed by Dem megadonor George Soros to purchase 200+ radio stations.
Rep. Langworthy (@RepLangworthy) and FCC Commissioner Carr (@BrendanCarrFCC) explain how this rushed vote is unprecedented. pic.twitter.com/3JTvrPaYhL
— Oversight Committee (@GOPoversight) September 30, 2024