The FCC approved Audacy’s restructuring plan along party lines, with Democratic commissioners supporting the move despite concerns about foreign ownership and ties to George Soros. The plan allows Audacy to reorganize $1.6 billion in debt and issue new stock. Critics, including FCC Commissioners Carr and Simington, raised concerns about bypassing standard procedures. The U.S. House Oversight Committee is investigating potential political motivations behind the fast-tracked approval. NAB President Curtis LeGeyt called for transparent and bipartisan regulatory processes. Audacy is required to address foreign ownership compliance within 30 days and was granted a waiver to exceed radio station ownership limits in Kansas City.