FCC’s Soros Fast-Track Deal to ‘Consolidate Left-Wing Control’ a Challenge to Conservative Radio
WASHINGTON, D.C. (NRB) — Troy A. Miller, president & CEO of the National Religious Broadcasters (NRB), has issued a statement responding to reports that the Federal Communications Commission (FCC) is poised to approve an Audacy restructuring that includes a temporary waiver of the Commission’s normal review process for foreign ownership.
NATIONAL RELIGIOUS BROADCASTERS(NRB)
NEWS RELEASE
The following statement is attributable to NRB president & CEO Troy A. Miller:
“The FCC is reportedly poised to ‘fast-track’ a deal that would relieve Audacy’s financial troubles by making Soros Fund Management the largest stakeholder in America’s second-largest radio company. This transaction is set up in such a way as to temporarily waive the time-consuming approval process for foreign ownership above 25 percent.
“The fact that the FCC is apparently willing to bypass the usual protocols to get this transaction done just weeks before a presidential election seriously undermines the Commission’s credibility and raises warranted questions of whether administrative processes are being manipulated to exert political preference.
“This effort to consolidate left-wing control over a massive portfolio of stations is a testament to the continuing impact of traditional radio and signals a major challenge to the historic marketplace dynamic of conservative radio dominance.”
To interview Miller, please contact presscenter@nrb.org.
Decision ‘Against Free Speech’: Soros Acquisition of Over 200 Radio Stations Fast-Tracked by FCC
