{"id":2176491,"date":"2024-02-14T17:44:02","date_gmt":"2024-02-14T22:44:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/george-soros-to-take-control-of-americas-second-largest-chain-of-radio-stations\/"},"modified":"2024-02-14T17:47:42","modified_gmt":"2024-02-14T22:47:42","slug":"george-soros-to-take-control-of-americas-second-largest-chain-of-radio-stations","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/george-soros-to-take-control-of-americas-second-largest-chain-of-radio-stations\/","title":{"rendered":"George Soros to acquire control of US&#8217; second-largest radio chain"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgeorge-soros-to-take-control-of-americas-second-largest-chain-of-radio-stations%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2176491&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">(Photo by OLIVIER HOSLET\/POOL\/AFP via Getty Images)<\/figcaption><\/figure>\n<p>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/james-meyers\/\">James Meyers<\/a><br \/>2:42 PM \u2013 Wednesday, February 14, 2024<\/p>\n<h2>The Left-Leaning Billionaire George Soros to Acquire Second-Largest Radio Company \u200cin America<\/h2>\n<p>In a groundbreaking move, court filings and insider sources\u200d reveal that left-leaning billionaire George Soros is set to purchase the second-largest \u200cradio\u2064 company \u200bin America. This acquisition by\u200d Soros Fund Management involves buying $400 million of debt in Audacy, which owns over 220 radio stations across the country.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>A Republican insider, speaking to the <em>New York \u200dPost<\/em>, suggests that \u200cSoros&#8217;s motive behind this investment may be to influence public opinion leading up to\u2062 the 2024 presidential election. This revelation has sparked concerns among critics, with one source stating, &#8220;This is scary.&#8221;<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cThis\u2062 is scary,\u201d the source said.<\/p>\n<\/blockquote>\n<p>Reports indicate that Soros&#8217;s stake in Audacy amounts to \u2063nearly 40% of the company&#8217;s senior debt, potentially granting him effective control over the media giant once it emerges \u200cfrom bankruptcy.<\/p>\n<p>Furthermore, Audacy has confirmed the Soros investment following multiple \u200dsources\u2063 confirming\u2063 the deal.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cThe\u200c decision by our existing and new debtholders to become equity\u2064 holders\u200d in Audacy represents a significant vote of confidence in our \u2063company and the future of the radio and audio business,\u201d Audacy \u2062said in a statement.<\/p>\n<\/blockquote>\n<p>A hearing to approve the Audacy restructuring plan is scheduled for February 20<sup>th<\/sup> in a Houston\u200d bankruptcy court. This development comes after the radio company filed for bankruptcy on January 7<sup>th<\/sup> with a debt of $1.9 billion. As part of the current chapter 11 bankruptcy plan, shareholders \u200bwith a stake in \u200bthe company will be removed.<\/p>\n<p>Stay informed! Receive breaking news blasts directly to\u200b your inbox for free. Subscribe here. <a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\tShare this\u2064 post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Delving\u200c into a\u200b pressing issue that directly impacts our nation\u2019s \u200beducation system: the intersection of an unsecured border and \u200deducation.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Robert Davi<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Rep. Anna Paulina Luna<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Peter Schiff<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Nvidia briefly displaced Alphabet as \u200bthe U.S. stock market\u2019s\u2063 third most valuable company.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Hackers from Russia, China, and Iran have been using tools from OpenAI to hone their \u2063skills and trick their targets.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Nvidia\u00a0briefly surpassed Amazon.com Inc\u00a0in market capitalization on Monday.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Nvidia\u00a0is building a new business unit focused on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/police-identify-shooter-who-opened-fire-at-joel-osteens-megachurch-in-houston\/\" title=\"Police identify shooter at Joel Osteen's Houston megachurch\">designing \u200dbespoke chips<\/a> for cloud computing firms and others.<\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> How does the involvement of individuals with strong \u2063political \u200cbeliefs in media ownership \u200braise concerns \u2064about media pluralism and the influence \u200bof money in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sick-leaked-veterans-affairs-training-video-shows-government-has-gone-full-woke\/\" title=\"Newly Leaked VA Training Video Reveals Government's Full Wokeness\">shaping public\u2063 opinion<\/a>?<\/h2>\n<p><span>  Company and our\u200c future prospects,\u201d said David Field, Chairman, and\u200b CEO of Audacy.<\/p>\n<p>George Soros,\u2062 known \u2063for his\u2063 progressive \u2063political activism, has long been a controversial figure among conservatives. His many philanthropic efforts and political contributions have drawn \u200dcriticism and suspicion from those on the right.<\/p>\n<p>With this latest move, Soros&#8217;s reach\u200d extends\u200c further into \u200bthe media landscape, raising\u2062 concerns about the potential\u2063 impact on the public discourse and the diversity of voices in the industry.<\/p>\n<p>Some argue\u2063 that Soros&#8217;s involvement in\u200b media ownership could \u2063lead to biased reporting and the promotion \u2063of\u200c a specific political agenda. They fear that his acquisition of a major \u200cradio company could result \u200din a further erosion of\u2064 independent journalism and a concentration of power in the hands of a few influential \u200cindividuals.<\/p>\n<p>On the other hand, supporters of Soros point out that individuals from all\u200b political persuasions\u200b have the right to invest\u200c in various industries and media outlets. They argue that his involvement in Audacy does not necessarily mean that its\u2063 content\u200d will be \u200dheavily \u2062influenced\u2064 by his political beliefs.<\/p>\n<p>However, the potential for\u200b a\u200c billionaire with strong political views to control \u200ba significant \u200bportion of the media\u2062 landscape raises legitimate concerns about the state of media pluralism and the \u200dinfluence\u2064 of money in \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mainstream-media-and-big-techs-seismic-shift-to-the-left\/\" title=\"Mainstream Media and Big Tech\u2019s Seismic Shift to the Left\">shaping public opinion<\/a>.<\/p>\n<p>This latest development comes at a time \u2064when the media \u2064industry is already grappling with issues of bias, \u200bmisinformation, \u200band trust. The rise of\u200c social \u200bmedia platforms and alternative\u200b news sources has challenged traditional media outlets,\u2064 forcing them to adapt and\u2062 evolve in order \u200cto remain \u2064relevant and \u2062credible.<\/p>\n<p>As consumers\u2063 of news and information, it is important for us to be\u200b critical and vigilant about the sources we \u200crely on. The concentration of media ownership in the hands of a few powerful individuals, \u200bregardless of their political affiliations, can have \u2062a detrimental impact\u2062 on the democratic \u2063process and the \u200dfree flow of information.<\/p>\n<p>It is crucial for media regulators \u200dand policymakers to ensure that there is a healthy balance\u200b of diverse\u2062 voices and perspectives in the media industry. Transparency, accountability, and a commitment\u2064 to journalistic \u200dintegrity should be at\u200d the \u2064forefront of \u200cany discussions regarding\u200b media ownership and influence.<\/p>\n<p>Ultimately, the Soros\u200b acquisition of a major radio company raises important questions about the concentration of power in the media and the\u2062 potential consequences for our democracy. \u2064It is up to us, as\u200b citizens\u200d and consumers, to demand and support a media landscape that is fair, unbiased,\u200c and representative of the diverse society we live in.<\/p>\n<\/p><\/div>\n<p><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is the parent company of radio stations such as CBS Radio and Entercom. This acquisition gives Soros significant influence over the media landscape, raising concerns about potential bias and censorship. Critics argue that Soros&#8217;s involvement threatens the diversity of voices and undermines the principles of a free press<\/p>\n","protected":false},"author":2301,"featured_media":2176492,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/c3.oann.com\/wp-content\/uploads\/2024\/02\/GettyImages-673749758-e1707949781729.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2176491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/c3.oann.com\/wp-content\/uploads\/2024\/02\/GettyImages-673749758-e1707949781729.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2176491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2301"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2176491"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2176491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2176492"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2176491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2176491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2176491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}