Niccolò Caranti, CC BY-SA 3.0 <https://creativecommons.org/licenses/by-sa/3.0>, via Wikimedia Commons
Democrats are getting worried about Joe Biden’s chances for re-election.
A Democrat mega-donor made a major decision in preparation for the election.
And globalist billionaire George Soros made one bold move to turn 2024 upside down.
Soros seizes the airwaves
Globalist billionaire and Democrat Party mega-donor George Soros is poised to take control over the second-largest chain of radio stations in the U.S. ahead of the 2024 Election.
Soros Fund Management bought $400 million worth of debt in bankrupt radio broadcaster Audacy.
Audacy is the second largest radio network in the country behind iHeartMedia.
The deal would give Soros’ investment firm control of more than 220 stations across the country.
“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,” the New York Post reported.
“This is scary,” the source told the Post.
Audacy filed for bankruptcy in early January with nearly $2 billion in debt.
Soros Management Fund was able to scoop the radio network’s debt on the cheap in bankruptcy.
“Soros scooped up the debt during the past few weeks at roughly 50 cents on the dollar from hedge fund HG Vora, according to a source close to the situation,” the Post reported.
The fund will have about a 40% stake in Audacy when the company emerges from bankruptcy.
That’s enough to give Soros effective control over the radio network when it’s back on its feet.
Bankruptcy court needs to sign off the deal but it’s expected to be a formality.
He who controls the media controls the messaging
This is the latest play by Soros to gain control over the radio market before the election.
He bought 18 Spanish-language radio stations, including conservative talk station Radio Mambi.
Radio Mambi was one of the most popular Spanish talk radio stations in Miami, Florida that broadcast anti-communist programming by Cuban exiles.
Many of the station’s most popular hosts quit rather than take a paycheck for Soros.
Soros also bought online outlet Vice Media in bankruptcy for $350 million and a stake in Crooked Media, a podcast company founded by members of former President Barack Obama’s administration.
The globalist billionaire is the biggest bankroller of Democrat candidates and causes.
Now he’s building a media empire that could potentially be harnessed to get his left-wing message out.
Clearly George Soros is deploying his wealth to help Democrats win the information war in 2024.
Election Buzz will keep you up-to-date on any developments to this ongoing story.
