The Beat
Banned
George Soros to become Audacy's largest stock holder. How long will conservative stations like WORD last?
-
Get involved.
We want your input!
Apply for Membership and join the conversations about everything related to broadcasting.
After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
If you use a disposable or false email address, your registration will be rejected.
After your membership is approved, please take a minute to tell us a little bit about yourself.
https://www.radiodiscussions.com/forums/introduce-yourself.1088/
Thanks in advance and have fun!
RadioDiscussions Administrators
This just in...
- Thread starter The Beat
- Start date
Actually it's old news. Already being discussed here:
The Beat
Banned
Good grief. Semantic much? The brand, not the calls.
Radio Mambí is still doing Spanish-language Conservative- err, Cuban-aimed talk. A few hosts left, but they're still running a mix of Spanish-language Conservative and Cuban-aimed talk after LMN took control from Univision.Good grief. Semantic much? The brand, not the calls.
Hate to break it to you, but Soros will not have any control over anything like that. His fund (not him directly bought a distressed property for its investment value. Look up every company they have controlling interest in and you'll see a diverse array of businesses. Very few of them have any connection to his political leanings. He's made out to spell fear because he's one of the few multi-billionaires donating to liberal causes, while the majority do the opposite but it has nothing to do with how the companies his fund invests in operates.
OK, let's start with Rupert Murdoch. Now there is someone who really does use his media properties to spread his far right political leanings, and who has been hugely damaging in the United States and around the world. Now tell us what Soros has done that is remotely comparable.
You're missing the point. George Soros is not taking a controlling interest. Soros Fund Management is. He may be the founder and chairman, but he is not the CEO and sole decision maker.
The fund bought Audacy's debt for nearly 50 cents on the dollar. The plan will be to take the ownership stake in the restructuring, improve the company's balance sheet and then sell it for a profit. If you want to make a political comparison, it is also the exact opposite of when the Mitt Romney founded Bain Capital bought Clear Channel and loaded the company with an additional $12 billion in debt, which is what eventually drove the company into bankruptcy itself..
The Beat
Banned
Gotcha. We'll see.
The Beat
Banned
I don't think we've seen what Soros can do with controlling interest in a huge media conglomerate yet. Also, I am not advocating for either side to have a passionate partisan controlling the ship.
I’ve heard Tara say multiple times that no matter how radical what they’ve said has been, going back to pre-Covid, they’ve never heard “you can’t say that” or been told by Audacy what to say or what not to say “unlike some other companies.” They’re allowed to say basically anything that doesn’t break FCC rules.
Cumulus is the only radio operator I remember reading anything about giving their stations a hard time for saying something, and I think that was even minor (I think it was Covid vaccine related). And I believe it was Bongino.
As long as the checks keep clearing, nothing will change.
Cumulus is the only radio operator I remember reading anything about giving their stations a hard time for saying something, and I think that was even minor (I think it was Covid vaccine related). And I believe it was Bongino.
As long as the checks keep clearing, nothing will change.
- Status