Soros-backed group gets OK to acquire licenses for Audacy stations
WEB1 day ago · Audacy Inc., the bankrupt radio broadcaster, won regulatory approval for the transfer of its licenses to a nonprofit funded by billionaire George Soros, paving the way for the company, which owns ...
George Soros-Backed Group Wins FCC Approval for Audacy …
WEB1 day ago · Audacy Inc., the bankrupt radio broadcaster, won regulatory approval for the transfer of its licenses to a nonprofit funded by billionaire George Soros, paving the way for the company to emerge ...
WEEI's bankrupt owner Audacy gets FCC approval to transfer …
WEB1 day ago · Facing major pushback, the FCC has given the greenlight for WEEI's owner Audacy to transfer its licenses to a George Soros-backed nonprofit, as the company emerges from bankruptcy.
Audacy will head to bankruptcy court after months of delays …
WEB1 day ago · Audacy will head to bankruptcy court after the FCC agreed to conduct a foreign-ownership review with a new, post-bankruptcy version of the radio giant, a move that comes after months of delays ...
Soros-led takeover of Audacy gets FCC approval despite opposition
WEB1 day ago · The company's court-approved reorganization plan will hand control of Audacy over to a group of lenders headlined by Soros-led investment firm Laurel Tree Opportunities Corp., along with MBX ...
FCC Partisan Rift Grows Deeper Over Audacy Restructuring Vote
WEB1 day ago · Outside of the realm of Soros, the FCC’s approval also includes a temporary and limited waiver permitting Audacy to emerge from bankruptcy before filing a petition for a declaratory ruling ...
FCC Approves Plan That Allows Audacy to Exit Bankruptcy
WEB1 day ago · Philadelphia-based Audacy sheds about 80% of its debt through the process, down to $350 million, according to bankruptcy court filings. Soros Fund Management will command at least 40% of the stock in the new Audacy, according to the company. The fund is directed by Alex Soros, son of George Soros, the …
Billionaire George Soros steps up to save Chicago radio stations
WEBFeb 21, 2024 · Billionaire George Soros' investment firm has acquired about $400 million of Audacy's debt, which owns several radio stations in Chicago. The deal, which needs FCC approval, would make Soros' firm the largest shareholder …
Audacy Gets Court Approval to Exit Bankruptcy, Hand Ownership …
WEBRadio and podcast company Audacy Inc. received court approval on Tuesday to emerge from bankruptcy and hand ownership to creditors including Soros Fund Management.. …
George Soros fund tightens grip over US radio waves after …
WEBApr 9, 2024 · Soros Fund Management, founded by billionaire investor George Soros, is tightening its grip over the US radio industry after scooping up a majority stake in bankrupt radio company Audacy.
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