Soon-to-be FCC Chairman Brendan Carr has signaled plans to reevaluate the FCC’s approval of Audacy’s bankruptcy restructuring, citing concerns over alleged favoritism tied to George Soros-backed Laurel Tree Opportunities Corporation. Laurel Tree acquired over 40% of Audacy’s senior debt during its Chapter 11 exit, surpassing the FCC’s 25% ownership cap. Carr criticized the September 3-2 Commission vote under outgoing Chair Jessica Rosenworcel as “unprecedented,” claiming it bypassed public and agency input. Carr, appearing on Mornings with Maria on Fox Business, accused the FCC of favoritism toward Democratic donors like Soros while scrutinizing others, such as Elon Musk. He intends to “take a very hard look” at the pending petition for reconsideration and Audacy’s updated request to increase its foreign ownership cap. Aligned with President-elect Trump’s agenda, Carr outlined priorities including combating censorship, media trust, spectrum allocation, and national security. He will assume chairmanship in January, succeeding Rosenworcel.