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on November 07, 2024

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George Soros's Potential Acquisition of Over 200 Radio Stations: What You Need to Know In recent weeks, news has been circulating about billionaire George Soros's potential acquisition of over 200 radio stations across the United States. This development has sparked controversy and raised questions about media ownership and influence. Let's break down the key points of this unfolding story. The Audacy Deal Soros Fund Management, the investment firm of George Soros, is poised to become the largest shareholder of Audacy, the second-largest radio broadcaster in the U.S.[1] Audacy owns 220 American radio stations across 40 markets, reaching an estimated 165 million listeners monthly[1]. Key details of the deal: - Soros's firm purchased approximately $400 million of Audacy's debt after the company declared bankruptcy in January 2024[1][2]. - The deal would give Soros's group control over more than 200 radio stations nationwide [1]. FCC Approval and Controversy The ...

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