The scrutiny of Soros-related activities extends beyond India. Last November, the Federal Communications Commission (FCC) expedited approval for George Soros to acquire a significant stake in over 200 radio stations, prompting concern among Republican lawmakers about potential partisan influence ahead of the 2024 presidential election.
The decision allowed Soros to reach up to 165 million Americans, raising alarms from GOP officials including House Oversight Committee Chairman James Comer and Rep. Nick Langworthy. They argue that the FCC bypassed standard review procedures and expedited broadcast license approvals. Audacy Inc., the company whose stations were acquired, was in the midst of a Chapter 11 reorganization, with Soros seeking to acquire $415 million in debt.
FCC Chairman Brendan Carr briefed Republican lawmakers earlier this year on the accelerated sale and broader strategies to address perceived left-leaning media influence. The congressional investigation centers on Soros Fund Management’s foreign ownership stake, highlighting concerns that foreign involvement in U.S. media could affect public opinion.
Carr noted that the FCC’s approval process deviated from established procedures, suggesting the agency may have created a new, unprecedented shortcut for transactions exceeding 25 percent foreign ownership. The developments have drawn bipartisan attention as lawmakers continue to examine the potential implications of Soros’ media holdings and international financial activities.
