U.S. Representative Chip Roy (R-TX) urges FCC Chairwoman Jessica Rosenworcel to block what he terms a “Soros shortcut” in Soros Fund Management’s acquisition of a $400 million stake in Audacy. Roy highlights concerns over potential circumvention of standard FCC oversight on foreign ownership interests. Despite Audacy’s Chapter 11 bankruptcy reorganization, FCC approval is still required. Roy questions the FCC’s commitment to statutory duties, emphasizing the need for transparent review to prevent undue foreign influence on US media. The move follows conservative backlash over George Soros’ liberal political history, with concerns raised about potential activist agendas impacting radio stations under Soros Fund ownership.
