FCC Chair Jessica Rosenworcel responded to a Congressional inquiry about the FCC’s approval of a deal involving Audacy’s debt acquisition by a Soros-funded entity. The US House Oversight Committee questioned whether the decision was politically motivated. Rosenworcel defended the FCC’s actions, stating that the process mirrored past bankruptcies of media companies like Cumulus and iHeartMedia. She emphasized that the expedited approval helped Audacy emerge from bankruptcy. However, the decision sparked controversy, with FCC Commissioner Brendan Carr criticizing it as unprecedented and lacking transparency, highlighting the partisan divide within the FCC. Rosenworcel promised ongoing document submissions to the Committee.
