George Soros Bought a Huge Stake in Audacy
Josh Kosman and Ariel Zilber at the New York Post:
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.
…
Sources told The Post that Soros’s stake is equal to about 40% of the company’s senior debt.
George Soros? THAT George Soros? The shadowy bazillionaire super liberal who is running the American deep state? 1210 WPHT might not be long for this world. Not unless Dom Giordano agrees to host a weekly vaccine power hour with special guests Travis Kelce and Taylor Swift
You wonder if the influence might spread to WIP as well. Joe DeCamara starts off the day by revealing his Mount Rushmore of genders. Then Joe Giglio and Hugh Douglas are taking your phone calls – would you trade 10,000 illegal immigrants for a 2nd round draft pick? Finally, the afternoon show replaces Jack Fritz with Whoopi Goldberg.
We joke, but it’s interesting. Nobody’s totally sure yet on the direction that Audacy is going to take here. Who leaves? Who stays? What survives? What gets the axe? Audacy is Philly-based and owns a number of popular stations here.
disclaimer: This is not a political post. We have no official political stance other than to make pithy jokes about both sides.