George Soros Purchases Massive Stake in U.S. Second-Largest Radio Chain

Billionaire George Soros purchased $400 million of debt in Audacy, the nation’s second-largest radio station chain.

The stake is about 40% of Audacy’s debt.

An individual close to the matter told The New York Post that the situation is “scary,” as Soros may use the stake to influence public opinion leading up to the 2024 election.

Audacy confirmed the purchase in a statement, writing, “The decision by our existing and new debtholders to become equity holders in Audacy represents a significant vote of confidence in our company and the future of the radio and audio business.”

The radio chain owns more than 220 stations across the United States.

Last year, Soros’ Open Society Foundations and Swiss billionaire Hansjörg Wyss funded a non-profit that acquired nearly two dozen local Maine newspapers.

An individual with knowledge of the project said the billionaires gave millions of dollars to National Trust for the purchase of the Maine newspapers.

National Trust now has five daily newspapers and 17 weekly newspapers.

Soros is also partially funding Texas Majority PAC, hoping to “turn Texas blue.”

The group reportedly raised $2.25 million after the 2022 midterm elections and Soros has given six-figure donations to Democrats in Dallas County, Cameron County, and Hidalgo County.