Earlier this month, the investment firm founded by George Soros acquired over $400 million worth of debt owed by the nation’s second-largest radio network in a ploy to gain a stake in the media conglomerate, the latest in a series of media-related moves made by organizations tied to Soros.
Soros Fund Management has acquired over $400 million worth of debt owed by Audacy, the nation’s second-largest network of radio stations, bankruptcy filings show. Soros and entities linked to him have previously poured money into local news operations, funded the acquisition of newspapers, purchased other radio stations and bankrolled pro-Democrat news websites.
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