George Soros take major control in American radio media company

Concerns about influence grow

NEW YORK, NY - George Soros, a billionaire often favored by the political left, is reported to have purchased a significant amount of debt in the Audacy radio chain, making him a major stakeholder.

This move, coming before the 2024 election, is perceived by some as part of Soros' broader strategy to influence American politics, reminiscent of his previous investments in district attorney races.

According to the New York Post, Soros Fund Management acquired $400 million of Audacy's debt, constituting about 40% of the company's total debt and potentially allowing Soros effective control over the radio chain post-bankruptcy.

This acquisition has raised concerns among some, including a Republican insider, about its potential impact on public opinion and the electoral landscape.

Audacy, Inc. is an American broadcasting company based in Philadelphia, Pennsylvania. Founded in 1968 as Entercom Communications Corp., it is the third largest radio company in the United States, owning 235 radio stations across 48 media markets.

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