George Soros to Gain Control of Second-Largest Chain of Radio Stations in America

SHARE
TWEET
George Soros to Gain Control of Second-Largest Chain of Radio Stations in America

Left wing philanthropist George Soros is set to acquire a controlling stake in the second-largest radio broadcaster in America ahead of the 2024 presidential election.

The New York Post reported that 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.”

Soros will snap up 220 radio stations nationwide, giving him huge infleunce ahead of the the 2024 presidntial election.

According to a Republican insider famaialr with the situation, Soros’s move could be in order to influence public opinion during the 2024 election.

“This is scary,” the source said.

If Soros is successful, he will gain a 40 percent stake in the company’s senior debt, giving him major control of the company after it emerges from bankruptcy.

The Post noted:

“Soros scooped up the debt during the past few weeks at roughly 50 cents on the dollar from hedge fund HG Vora, according to a source close to the situation.”

“Under Audacy’s current Chapter 11 bankruptcy plan, existing shareholders are expected to be wiped out,” it added.

“High-ranking creditors like Soros would be repaid with stock in the restructured company.”

Audacy filed for bankruptcy on January 7 with $1.9 billion in debt.

Audacy said in a statement:

“The decision by our existing and new debtholders to become equity holders in Audacy represents a significant vote of confidence in our company and the future of the radio and audio business.”

In 2022, Soros also took over 18 Spanish-language radio stations, including the iconic conservative talk station Radio Mambi.

The Daily Signal reported:

“It’s a stab in the heart of the community,” says Lourdes Ubieta, a former host at Radio Mambi.

Radio Mambi gained a reputation “as a station that serves the Cuban exile community,” Ubieta says, because it spoke openly about the harms of socialism and communism.

When Ubieta and her colleague Dania Alexandrino learned that Radio Mambi was going to be part of the new Latino Media Network, they determined it was time to leave. The new network reportedly is funded primarily by Lakestar Finance, an entity affiliated with Soros Fund Management.

“These people from the left, these Democrats, they believe that [by] buying these 18 radio stations, somehow they can control the opinion they deliver [to] the Hispanic community,” Ubieta says.

READ: Longtime Hillary Clinton Aide Huma Abedin Is Dating Alex Soros

NOTICE: Our comment section is currently disabled due to malicious attacks preventing our readers being able to comment properly. We are in the process are implementing a new system which will be live soon! Sorry for any inconvenience!

SHARE
TWEET
Telegram
Email
Reddit

Breaking

Trending

Brian Stelter Visibly Upset after Being Mailed a Potato by Fox News Viewer
Brian Stelter Visibly Upset after Being Mailed a Potato by Fox News Viewer - WATCH
Former CNN anchor Brian Stelter recalled on his podcast being mailed a potato from a Fox News viewer,...
BlackRock CEO Larry Fink's Meltdown Caught On Audio after Red States Cut Off Funds to His Woke Company
BlackRock CEO Larry Fink's Meltdown Caught On Audio after Red States Cut Off Funds to His Woke Company
Radical left Blackrock CEO Larry Fink was caught having a total meltdown after red states cut off funds...
Dr. Phil Warns Americans to Prepare for Next Lockdowns: ‘You Better Have a Plan’
Dr. Phil Warns Americans to Prepare for Next Lockdowns: ‘You Better Have a Plan’
Dr. Phil McGraw is warning Americans to plan their resistance against the next government-imposed lockdowns. During...
French First Lady Brigitte Macron Goes to Trial to Fight Claims She's a Man
French First Lady Brigitte Macron Goes to Trial to Fight Claims She's a Man
France’s first lady, Brigitte Macron, is going to trial in a Paris court to fight “conspiracy...
Germany to BAN DRIVING At Weekends To Fight 'Climate Change'
Germany to BAN DRIVING At Weekends To Fight 'Climate Change'
The German transport minister said he will soon be enforcing a complete ban on driving at weekends so...
Top Democrat Arrested for Faking Signatures of Dead People on Election Petition
Top Democrat Arrested for Faking Signatures of Dead People on Election Petition
Democrat and Peekskill Common Council member and Housing Authority Board member Rob Scott, 44, has been...
Gay Couple Arrested for Child Porn Possession after IKEA Makes Grim Discovery
Gay Couple Arrested for Child Porn Possession after IKEA Makes Grim Discovery
A gay couple in Maryland has been arrested for possession of child pornography after police were tipped...
Riots Erupt in Sydney after Famous Priest Stabbed in Front of Worshippers
Riots Erupt in Sydney after Famous Priest Stabbed in Front of Worshippers
Sydney has been shaken by another stabbing attack after a knife-wielding man stabbed a priest while he...
Michael Moore Give Democrats Reality Check: 'Trump Is Going to Win'
Michael Moore Gives Democrats a Reality Check: 'Trump Is Going to Win'
Leftist filmmaker Michael Moore broke down during a live TV interview, admitting that Joe Biden is going...
JD Vance Silences CNN Host Who Attempts to Resurrect "Russian Collusion" Hoax
JD Vance Silences CNN Host Who Attempts to Resurrect "Russian Collusion" Hoax - WATCH
Senator JD Vance (R-OH) left CNN anchor Jake Tapper speechless after he highlighted President Donald...

JOIN THE FIGHT!

SIGN UP FOR OUR FREE BREAKING NEWSLETTER STRAIGHT TO YOUR INBOX! 

We don’t spam! Read our Privacy Policy for more info.