Soros Buys into Radio Company
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Soros Buys into Radio Company
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Soros spent hundreds of millions to buy into a massive radio company. What does he hope to accomplish with this purchase?
From New York Post. George Soros is poised to take a massive stake in the nation’s second-largest radio company, which owns more than 220 stations nationwide, according to court filings and sources close to the situation.
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The left-leaning billionaire’s Soros Fund Management has bought up $400 million of debt in Audacy — the No. 2 US radio broadcaster behind iHeartMedia with stations including New York’s WFAN and 1010 WINS, as well as Los Angeles-based KROQ, according to bankruptcy filings.
One insider close to the situation, noting that he was a Republican, said he believed it was possible Soros was buying the stake to exert influence on public opinion in the months leading up to the 2024 presidential election. …
Sources told The Post that Soros’s stake is equal to about 40% of the company’s senior debt — a massive chunk which, although not a majority, could yield effective control of the media giant when it emerges from bankruptcy. …
Audacy confimed the Soros’ investment after reports of the deal surfaced. …
A hearing to approve the Audacy restructuring plan is slated for Feb. 20 before US Judge Christopher Lopez in a Houston bankruptcy court. …
Last summer, a fund linked to Soros joined a consortium of former lenders who paid $350 million for bankrupt Vice Media — an outlet that at its peak was once valued at $6 billion. …
Share this article to raise awareness of Soros’ latest plans.
(Excerpt from New York Post. Photo Credit: World Economic Forum – Flickr: George Soros – World Economic Forum Annual Meeting 2011, CC BY-SA 2.0, Wikimedia Commons)
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Almighty Father grant us wisdom to see your truth and courage to obey.
In Jesus’s name Amen
Father, I agree that this will backfire. I bind all stations from spreading the lies that this money is trying to buy and loose the truth into broadcasting.
Father, I pray his plan would backfire to your glory and the saving of our nation. Turn his heart to you and may his billions of dollars be given to those who will use it for your glory.