Rep. Chip Roy is raising alarms about billionaire George Soros' recent acquisition of a major network of radio stations.
FIRST ON FOX: Rep. Chip Roy is accusing liberal billionaire George Soros of trying to fast-track his acquisition of a major radio company through the Federal Communications Commission . 'I write today regarding Soros Fund Management’s acquisition of over $400 million in debt held by Audacy — the second-largest broadcast radio station owner in the country.
But instead of going through the usual petition for declaratory ruling process, which would enable the FCC to review and assess those foreign ownership interests as part of its transaction review, the Soros group has asked the FCC to waive that process and put it off until sometime down the road — indicating that those foreign stakeholders will be given ‘special warrants’ in the meantime,' Roy wrote.
Roy told Fox News Digital that he heard from constituents who 'reached out and raised issues and concerns about the extent to which it's very clear that Soros is, you know, making a move in the radio world.
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