Chip Roy raises alarms about George Soros' purchase of radio giant Audacy

FIRST ON FOX: Rep. Chip Roy is accusing wide billionaire George Soros of trying to fast-track his acquisition of a awesome power institution done nan Federal Communications Commission (FCC).

"I constitute coming regarding Soros Fund Management’s acquisition of complete $400 cardinal successful indebtedness held by Audacy — nan second-largest broadcast power position proprietor successful nan country. Of peculiar concern, nan Soros groups are asking nan Federal Communications Commission (FCC) to o.k. a alteration successful ownership successful Audacy without nan FCC moving its normal, statutorily required process," Roy said successful a letter.

"This transaction, which affects power stations that scope millions of listeners crossed nan U.S., including successful Texas’ 21st legislature district, should — astatine minimum — beryllium taxable to rigorous FCC oversight to guarantee U.S. power stations are not taxable to undue influence."

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Rep. Chip Roy, left, is calling nationalist attraction to George Soros' hedge money acquiring a ample liking successful a power company. (Getty Images)

Soros’ finance patient became nan largest shareholder of Audacy past month, which owns local power stations crossed nan country. Audacy revenge for bankruptcy earlier this year. 

Soros Fund Management was progressive successful a akin firm restructure past twelvemonth erstwhile it was 1 of nan companies that acquired Vice Media aft its bankruptcy filing past year.

Now, however, Roy raised siren complete Audacy besides requesting that national officials assistance it a impermanent exemption to existing FCC rules that forbid overseas institution ownership of U.S. power stations to transcend a 25% share, which would usually slow down nan support process.

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Audacy is nan second-largest power web successful nan U.S. aft iHeartRadio. (Getty Images)

"But alternatively of going done nan accustomed petition for declaratory ruling process, which would alteration nan FCC to reappraisal and measure those overseas ownership interests arsenic portion of its transaction review, nan Soros group has asked nan FCC to waive that process and put it disconnected until sometime down nan roadworthy — indicating that those overseas stakeholders will beryllium fixed ‘special warrants’ successful nan meantime," Roy wrote.

"The Soros group says that skipping nan overseas ownership reappraisal astatine this clip will alteration nan FCC to expedite its support of nan Soros applications and frankincense let them to much quickly recognize their ownership interests in, and return nan reins at, these hundreds of section power stations crossed nan country."

Audacy's restructuring deal, which includes Soros' patient and others, has been approved by nan courts and is now awaiting its last hurdle — FCC approval, according to Inside Radio.

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Roy told Fox News Digital that he heard from constituents who "reached retired and raised issues and concerns astir nan grade to which it's very clear that Soros is, you know, making a move successful nan power world."

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"I wanted to airs those questions to…understand what's happening with nan FCC connected this, and raise nan consciousness publically of nan grade to which Soros' group whitethorn beryllium utilizing — either nan rules to their advantage, aliases frankly, nan rules are getting abused to fast-track getting successful location and drawback that indebtedness arsenic a backdoor measurement to effort to get a important magnitude of ownership complete section radio," he said.

Fox News Digital reached retired to Audacy, nan FCC and a Soros typical for comment.