George Soros looks set to control radio company Audacy and its more than 220 stations nationwide, stoking fears of an ultra-progressive billionaire having a megaphone during the 2024 election.
Soros Fund Management has bought up more than $400 million of the radio and podcast company's highest-ranking debt, bankruptcy court filings show.
That would make Soros' investment firm the biggest shareholder when Audacy emerges from bankruptcy.
It runs New York's WFAN and 1010 WINS, and Los Angeles-based KROQ, bankruptcy filings show.
The debt buyout has alarmed conservatives, who have railed against Soros' multimillion dollar payouts to progressive political causes aligned with the Democratic Party.
