The FCC has fast-tracked approval of George Soros’ acquisition of more than 200 radio stations in 40 major markets, just weeks ahead of the presidential election. The move has raised concerns among FCC staff, with some questioning whether the decision was politically motivated.
The radio stations, which reach over 165 million Americans, could play a significant role in shaping public opinion during the election period. While the commission’s three Democrats voted in favor of the decision, the two Republican commissioners opposed it. Under FCC regulations, foreign ownership of U.S. radio stations is limited to 25%, but Soros used foreign investment to finance his bid.
To circumvent this, Soros filed for an exception to bypass the typical review process. This expedited decision skipped a thorough national security review, which might have delayed the deal by up to a year.