Soros Seeks FCC Waiver to Silence Conservative Voices
Submitted by MAGA
Posted 99 days ago
Globalist billionaire George Soros is seeking to further silence conservative voices by acquiring the Audacy radio empire, which reaches 165 million monthly listeners and includes conservative shows from hosts such as Sean Hannity, Dana Loesch, Mark Levin, Glenn Beck, and Erick Erickson.
Soros is asking the FCC to waive its rule on foreign ownership of U.S. radio stations so he can quickly buy the Audacy network, which is second in number of stations only to iHeart radio. The 93-year-old Soros in February pumped $400 million into Audacy.
However, FCC Commissioner Brendan Carr, a Republican, warned that the FCC should not create a special Soros shortcut. "The FCC should not be skipping steps or waiving required agency processes," Carr said.
Rep. Chip Roy, a Texas Republican, also warned in April of the special treatment Soros is seeking from the FCC. "But instead of going through the usual petition for declaratory ruling process, which would enable the FCC to review and assess those foreign ownership interests as part of its transaction review, the Soros group has asked the FCC to waive that process and put it off until sometime down the road," Roy said.
Sources told The Post Soros's stake is equal to about 40% of the company's senior debt, which could yield effective control of the media giant when it emerges from bankruptcy.
"The idea that George Soros is buying hundreds of local radio stations right before a national election and will keep broadcasting Sean Hannity and other conservative talk radio hosts on Audacy is not credible," a source with knowledge of the deal told The Post.
This latest move by Soros is part of a larger trend of globalist elites seeking to silence conservative voices and control the narrative. It is crucial that the FCC and other regulatory bodies uphold the rule of law and protect free speech.
In other news, Rep. Jim Jordan (R-Ohio) is seeking answers on whether YouTube changed some of its content moderation policies surrounding firearms due to the influence of government officials, particularly New York District Attorney Alvin Bragg (D). Jordan sent a letter to the legal counsel for YouTube parent company Alphabet on Tuesday asking for communications and records relating to the company’s “interactions with the Executive Branch and other entities regarding changes to its firearms content policy.”
Jordan specifically cited Bragg — who brought the case in which former President Trump was found guilty of 34 counts of falsifying business records in relation to a hush money payment in 2016 — previously writing to YouTube to revise its content moderation policies relating to firearms.
"Recent reporting and other publicly available information suggests that YouTube’s decision to change its firearms policy may have been influenced by government officials and third parties interested in suppressing certain Second Amendment-related content," Jordan wrote in the letter.
It is important that tech companies like YouTube are transparent about their policies and decision-making processes, especially when it comes to issues like free speech and the Second Amendment. The American people deserve to know if their government is colluding with tech companies to censor lawful speech.
Finally, the stock price of Trump Media plunged by more than 17% in after-hours trading Tuesday after the Truth Social app owner said its registration of additional shares had been declared effective by the Securities and Exchange Commission. Trump Media, which trades under the DJT ticker, had seen its share price slump by nearly 10% during the regular trading day.
The SEC's declaration authorizes early investors in Trump Media to exercise public warrants they hold in the company, whose majority shareholder is former President Donald Trump. Trump Media in a prospectus filed Tuesday with the SEC said that up to 14,375,000 additional shares would be issuable upon the exercise of those warrants.
The company noted there could be "a significant decline in the public trading price" of the stock if warrant holders sold their shares or there was a "perception that these sales could occur." However, Trump Media said that existing shareholders who sold at a lower prices after the registration "could still "experience a positive rate of return on the shares ... due to the lower price per share" when they purchased them.
Trump Media CEO Devin Nunes, in a statement said, "Today marks another milestone for Truth Social."
"With our S-1 declared effective, we're expecting to be well positioned to energetically pursue TV streaming, other enhancements to the platform, and potential mergers and acquisitions," Nunes said.
"With approximately 620,000 retail shareholders supporting our vision, the company looks forward to expanding quickly and robustly."
It remains to be seen how the market will react to the additional shares and whether Trump Media will be able to successfully pursue its expansion plans.
Sources:
worldtribune.com
bearingarms.com
cnbc.com
Soros is asking the FCC to waive its rule on foreign ownership of U.S. radio stations so he can quickly buy the Audacy network, which is second in number of stations only to iHeart radio. The 93-year-old Soros in February pumped $400 million into Audacy.
However, FCC Commissioner Brendan Carr, a Republican, warned that the FCC should not create a special Soros shortcut. "The FCC should not be skipping steps or waiving required agency processes," Carr said.
Rep. Chip Roy, a Texas Republican, also warned in April of the special treatment Soros is seeking from the FCC. "But instead of going through the usual petition for declaratory ruling process, which would enable the FCC to review and assess those foreign ownership interests as part of its transaction review, the Soros group has asked the FCC to waive that process and put it off until sometime down the road," Roy said.
Sources told The Post Soros's stake is equal to about 40% of the company's senior debt, which could yield effective control of the media giant when it emerges from bankruptcy.
"The idea that George Soros is buying hundreds of local radio stations right before a national election and will keep broadcasting Sean Hannity and other conservative talk radio hosts on Audacy is not credible," a source with knowledge of the deal told The Post.
This latest move by Soros is part of a larger trend of globalist elites seeking to silence conservative voices and control the narrative. It is crucial that the FCC and other regulatory bodies uphold the rule of law and protect free speech.
In other news, Rep. Jim Jordan (R-Ohio) is seeking answers on whether YouTube changed some of its content moderation policies surrounding firearms due to the influence of government officials, particularly New York District Attorney Alvin Bragg (D). Jordan sent a letter to the legal counsel for YouTube parent company Alphabet on Tuesday asking for communications and records relating to the company’s “interactions with the Executive Branch and other entities regarding changes to its firearms content policy.”
Jordan specifically cited Bragg — who brought the case in which former President Trump was found guilty of 34 counts of falsifying business records in relation to a hush money payment in 2016 — previously writing to YouTube to revise its content moderation policies relating to firearms.
"Recent reporting and other publicly available information suggests that YouTube’s decision to change its firearms policy may have been influenced by government officials and third parties interested in suppressing certain Second Amendment-related content," Jordan wrote in the letter.
It is important that tech companies like YouTube are transparent about their policies and decision-making processes, especially when it comes to issues like free speech and the Second Amendment. The American people deserve to know if their government is colluding with tech companies to censor lawful speech.
Finally, the stock price of Trump Media plunged by more than 17% in after-hours trading Tuesday after the Truth Social app owner said its registration of additional shares had been declared effective by the Securities and Exchange Commission. Trump Media, which trades under the DJT ticker, had seen its share price slump by nearly 10% during the regular trading day.
The SEC's declaration authorizes early investors in Trump Media to exercise public warrants they hold in the company, whose majority shareholder is former President Donald Trump. Trump Media in a prospectus filed Tuesday with the SEC said that up to 14,375,000 additional shares would be issuable upon the exercise of those warrants.
The company noted there could be "a significant decline in the public trading price" of the stock if warrant holders sold their shares or there was a "perception that these sales could occur." However, Trump Media said that existing shareholders who sold at a lower prices after the registration "could still "experience a positive rate of return on the shares ... due to the lower price per share" when they purchased them.
Trump Media CEO Devin Nunes, in a statement said, "Today marks another milestone for Truth Social."
"With our S-1 declared effective, we're expecting to be well positioned to energetically pursue TV streaming, other enhancements to the platform, and potential mergers and acquisitions," Nunes said.
"With approximately 620,000 retail shareholders supporting our vision, the company looks forward to expanding quickly and robustly."
It remains to be seen how the market will react to the additional shares and whether Trump Media will be able to successfully pursue its expansion plans.
Sources:
worldtribune.com
bearingarms.com
cnbc.com
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