Soros-led takeover of Audacy gets FCC approval
Audacy will head to bankruptcy court after the FCC agreed to conduct a foreign-ownership review with a new, post-bankruptcy ...
The major radio company Audacy Inc. fell into financial straits, but through a complex business deal Democratic mega donor ...
Audacy will continue to focus on sports radio and podcasts, buoyed by assets acquired in a merger with CBS Radio in 2017.
The decision has drawn criticism from Republicans, who say the FCC broke with established procedure to push the deal through.
The FCC seemingly approved a deal that would “fast-track" George Soros’ acquisition of more than 200 Audacy radio stations ...