FCC Fastracks Soros Ownership of 200+ Radio Stations
Posted: Tue Sep 24, 2024 8:30 am
From Twitter/X:
Last week, the FCC adopted an order to approve his purchase of more than 200 radio stations in 40 markets just weeks before the presidential election.
The stations reach more than 165 million Americans, and staff at the FCC are concerned that the move is politically motivated.
The commission's three democrats voted for the move, while the two republicans voted against it.
Under existing FCC rules, foreign company ownership of U.S radio stations is not supposed to exceed 25%.
Soros took foreign investment to make his bid and then filed a request for the commission to make an exception to the usual review process.
The decision to fast-track the approval process bypassed a national security review, which could have taken up to a year to complete.
Source: NY Post