WASHINGTON, D.C. (LifeSiteNews) – Republican U.S. Sen. John Kennedy of Louisiana took to the Senate floor Tuesday to renew questions about the Biden Federal Communications Commission’s (FCC’s) approval of a deal for far-left activist financier George Soros to acquire more than 200 stations at once, declaring something “weird” expedited the review.
In February 2024, Soros purchased $400 million of debt for Audacy, the second largest radio station owner (behind iHeartMedia) in the nation. Soros invested in the company after it filed for bankruptcy the month before with nearly $2 billion in debts. The investment comes with a yield of 50 cents on the dollar after the company emerges from bankruptcy, pending approval by a bankruptcy court of the company’s restructuring plan. Audacy stations carry the top names in conservative punditry, including Sean Hannity, Dana Loesch, Ben Shapiro, Mark Levin, Glenn Beck, and Erick Erickson.
In September, FCC Commissioner Brendan Carr testified before the House Oversight Committee that “the FCC is not following its normal process for reviewing transactions that it has established over a number of years. It seems to me the FCC is poised, for the first time, to create an entirely new shortcut.”
The New York Post added at the time that Carr told them “the Democrats in FCC leadership cut a secret, backroom deal – one that kept the Republican FCC Commissioners and perhaps others completely in the dark – and then hustled it out the door on a Friday afternoon” in a 3-2 party-line vote. The FCC approved the deal in October, with congressional Republicans vowing to investigate.
Speaking on the Senate floor, Kennedy began by recalling former President Joe Biden’s Farewell Address warning that “an oligarchy is taking shape in America of extreme wealth, power, and influence that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead.”
Kennedy said he did not know which “oligarchs” Biden had in mind, but that Soros fit the description. He went on to detail how Soros took advantage of Audacy filing for Chapter 11 bankruptcy and became the majority shareholder, which triggered an FCC review process.
Approval of the deal, he said in his trademark style, “went through the FCC like green grass through a goose,” and Democrat commissioners “short-circuited” the normal review process.
“I’m not an FCC expert. I’m not a communications law expert,” Kennedy said. “But I’ve read, this has been widely reported and I’ve read about it in many reports. Normally on a deal of this size, when 220 radio stations are being transferred, their licenses, using airwaves that belong to the American people, and there’s a substantial percentage of foreign owners, it would take about a year to get through the FCC. FCC would do a complete investigation. Not this time! Noooo. This time was special.”
“Pass me the sick bucket,” Kennedy said after reviewing past commentary by Carr and others about the deal. “This isn’t right! But they did it. Now, this is America. You’re entitled to believe what you want. If it’s legal, you’re entitled to do what you want. And Mr. Soros is certainly entitled to his opinion. He is. I don’t agree with him, but he is certainly entitled to it in America. I’m not much into this cancel culture. And hopefully we’ve seen the end of it.”
“But when you’re acquiring radio licenses which can influence public opinion, and you’re doing it in part, not exclusively but in part, with foreign money, well, that’s why we have the FCC,” he went on. “They’re entitled to their opinion, but my people in Louisiana are entitled to know whose opinion they’re hearing on the radio. And this has not been reported once in Louisiana.”
“I am not saying it wasn’t done legally,” Kennedy concluded. “I am saying it looks funny. Not funny ha-ha. It looks weird the way this was done. It has the aroma of politics. And I hope the new FCC revisits this issue.”
Soros’ takeover of so many stations is alarming as the latest display of his willingness to use his vast wealth to influence American politics. A small sampling of the causes the billionaire has financed includes promoting legal abortion-on-demand worldwide under the guise of “reproductive health care;” supporting the election of district attorneys friendly to his politics in localities across the United States; pushing a “racial justice” agenda, including the narrative that America is systemically racist and promoting policies such as reparations for slavery; subsidizing “fact-checking” enterprises that attempt to discredit conservative media outlets under false pretenses, and funding Democrat political candidates.
In 2023, local news outlet Maine Public reported that the Soros-backed National Trust had gained control of Maine’s largest network of newspapers, acquiring five daily papers and 17 weekly publications. The National Trust received funding from Soros’ Open Society Foundation and left-wing Swiss billionaire Hansjörg Wyss for the purchase of the media network.
Carr, who has since been appointed FCC chairman by President Donald Trump, is expected to investigate the deal.