President-Elect Trump appoints Brendan Carr as FCC Chairman.

[TheBigA]

So if you think your company's publicly traded shares may have many foreign owners, you get the FCC to increase the limits of foreign ownership.

Which is what they're doing, as reported in this linked article:

Audacy Asks For Permission To Increase Foreign Ownership Levels.

The next step in Audacy’s financial restructuring is in the hands of the Federal Communications Commission. The company has petitioned the FCC to allow it to increase its foreign ownership

www.insideradio.com

It's not really an FCC matter, but for the state department and Team Telecom to investigate, if any foreign investors are in countries that are security risks.

Audacy calculates foreign individuals and entities would hold approximately 27.2% of the company’s equity. That is above the 25% threshold allowed, and so it must seek approval from the FCC before the maneuver is executed. Audacy is also building in a bit of headroom to bring on other offshore investors, requesting in its petition that it be allowed to go as high as 49.99%.

 

[Hole in your radio]

Carr's concern about the Audacy reorganization wouldn't have anything to do with George Soro's involvement, ya think?

 

[TheBigA]

Carr's concern about the Audacy reorganization wouldn't have anything to do with George Soro's involvement, ya think?

I posted a link to his congressional testimony in #30:

https://oversight.house.gov/wp-content/uploads/2024/09/Carr-Testimony.pdf

GOP Commissioner: FCC Approval Of Audacy Bankruptcy Plan Would Be ‘Unprecedented.’

Commissioner Brendan Carr says the Federal Communications Commission appears poised to do something it hasn’t done before with the pending decision clearing Audacy’s path out of bankruptcy. “This decision will

www.insideradio.com

 

[Mediafrog+]

Sidebar: I do believe education will improve. When I took my oldest daughter to register for school in California for the first time, they would not accept her because her birth certificate said "Puerto Rico" and she did not have a "green card", a requirement she verified with her supervisors, too. I ended up spending a significant part of my income on a private school because I could never put he in a systems that was so ignorant.

You probably would have had the same problem if your daughter was born in Albuquerque.🤯🤣

 

[AbrahamJSimpson]

More than half the voters think it will be better than today's "normal". Remember, we have (at least) a two party system in this country.

Not more than half the voters as the count seems to stand.

Regardless, pining for cruelty and punishment isn’t exactly a virtue.

 

[AbrahamJSimpson]

Sidebar: I do believe education will improve. When I took my oldest daughter to register for school in California for the first time, they would not accept her because her birth certificate said "Puerto Rico" and she did not have a "green card", a requirement she verified with her supervisors, too. I ended up spending a significant part of my income on a private school because I could never put he in a systems that was so ignorant.

Uh huh. Destroying the department of education will really help. Ripping away the free lunch program. Destroying special education. Religion in public schools, a forced theocracy. Those will all really be improvements.

The clear and appalling ignorance you encountered was inexcusable. But the idea it’s somehow going to get better is some next-level denial of reality.

 

[Don CT]

Uh huh. Destroying the department of education will really help. Ripping away the free lunch program. Destroying special education. Religion in public schools, a forced theocracy. Those will all really be improvements.

The clear and appalling ignorance you encountered was inexcusable. But the idea it’s somehow going to get better is some next-level denial of reality.

It all fine until they go after the media they don’t like, then we will see where the outrage is.

 

[davideduardo]

Which is what they're doing, as reported in this linked article:

Audacy Asks For Permission To Increase Foreign Ownership Levels.

The next step in Audacy’s financial restructuring is in the hands of the Federal Communications Commission. The company has petitioned the FCC to allow it to increase its foreign ownership

www.insideradio.com

It's not really an FCC matter, but for the state department and Team Telecom to investigate, if any foreign investors are in countries that are security risks.

The point is that any "estimate" of foreign ownership can't be truly accurate as so much in the world of equity and debt investments is held in "Street Names".

Street name securities - Wikipedia Note that the article, which is reasonably accurate for Wikipedia, states that the Internet has vastly expanded the use of Street Names. And, as a result, it is nearly impossible to tell who or where those investors are.

There is an ongoing case of a parcel of real estate in Miami where the owner of surrounding pieces of land would obviously like to own the piece where a 25-year-old condo is located. They have apparently bought, apartment by apartment, most of the units. When they reach a certain percentage, they can force out the remaining residents and tear down the building. But for the moment, the use of "Street Names" to buy the individual units prevents the owners of the other units from trying to stop the process that would force them out.

In this case, which is a real estate investment, there is no way of knowing who, where, or what is behind the individual purchases. The new owners could be Cuban terrorists, Wall Street investors, Argentines looking for a weekend vacation spot... or the guy who wants that piece of land.

That is exactly what street names can do with the shares of radio stocks, too. No way to know who they are or where they are from or whose money they are investing.

 

[Don CT]

At this point who cares who owns what if it saves the medium.

 

[michael hagerty]

Not more than half the voters as the count seems to stand.

At exactly 50% this morning and votes are still being counted. This is on track to end up a 1.5% margin of victory in the popular vote, and more people will have voted for someone other than Donald Trump than for Donald Trump himself.

Google Search

Also, just to keep it in context---among all those legally eligible and registered to vote, Trump's share is 30%.

No, we can't know how many of those who stayed home would have voted for him, but we can say that their support (or VP Harris', or RFK Jr's or Jill Stein's) wasn't sufficient to get them to mark a mail-in ballot or show up at the polls on November 5.

Don't get me wrong---what counts are the votes. But there's a difference between almost half the voters (which is provable) and almost half the country (which is not).

 

[kevtronics]

Nearly every Hispanic I know (and that is pretty much my world) hopes all the undocumented "illegal" immigrants are rapidly deported.

You better hope they're American-born and have their papers in order. Because mass deportations won't stop with just the illegals. Now MAGA is talking about "denaturalization" of legal immigrants. And as Operation immigrant proved, even if you're an American-born U.S. citizen, you can still get deported to Mexico if you look Mexican and don't have your birth certificate.

 

[CTListener]

You probably would have had the same problem if your daughter was born in Albuquerque.🤯🤣

New Mexico, Old Mexico, Mexico ... what's the difference? Deport them all! (And you up in Mexico, NY: Don't bother packing your snowsuits and earmuffs.)

 

[davideduardo]

Uh huh. Destroying the department of education will really help. Ripping away the free lunch program. Destroying special education. Religion in public schools, a forced theocracy. Those will all really be improvements.

The Republican program involves removing education from federal purview and returning it to each state. It does not involve destroying anything. States can decide how independent schools can operate, and even assist in funding. And states can decide if there are elements of religious belief within the educational program... or not. The concept is that those decisions belong closer to the citizens of each state and region and don't need to be duplicated at the national level.

Interestingly, not even the conservative talk hosts seem to understand the subject being that of returning more things to the states and are viewing this as philosophical rather than administrative. They key talking point should be "what matters should be returned to the states or delegated to them rather than concentrating so much power in one city far removed from most of the nation's population. Even the abrogation of Rowe vs. Wade is seen as a prohibition of abortion rather than a returning of that decision making to each of the states and territories.

The clear and appalling ignorance you encountered was inexcusable. But the idea it’s somehow going to get better is some next-level denial of reality.

Allowing in California for more non-government run schools is a very good idea. The main obstacle here is the Teachers' Union which does not want to see parallel education systems run either by religions or nonsectarian independent groups. What we have, instead, is a firmly entrenched self-perpetuating bureaucracy at the administrative and union levels that seems to put children in the lowest level of priority.

I've lived or worked in quite a few nations where there is little power delegated to the cities and their equivalent of states, which results in rampant bureaucracy of the worst kind. Fortunately, in those places independent educational institutions have developed and my children who were educated in places like Ecuador have vastly better primary and secondary educations than what is available in the United States.

Again, subjects that should be part of talk radio but which are obfuscated (that word again) by partisan politics rather than the interests of better education, better health systems, and the like.

 

[davideduardo]

You better hope they're American-born and have their papers in order. Because mass deportations won't stop with just the illegals. Now MAGA is talking about "denaturalization" of legal immigrants.

The discussion is about changing the laws about automatic citizenship upon birth in the U.S. In other words, the device called "anchor babies" which then leverages entire families into legal residency. But that is a legislative issue, not one that is currently "enforceable" as at this moment all those born here are full citizens. There are no "classes" of citizenship that can be revoked.

And as Operation immigrant proved, even if you're an American-born U.S. citizen, you can still get deported to Mexico if you look Mexican and don't have your birth certificate.

How does a "Mexican" look? Like Vicente Fox? Or like Angélica María? or how? In fact, how does an "American" look?

 

[michael hagerty]

The Republican program involves removing education from federal purview and returning it to each state. It does not involve destroying anything. States can decide how independent schools can operate, and even assist in funding. And states can decide if there are elements of religious belief within the educational program... or not. The concept is that those decisions belong closer to the citizens of each state and region and don't need to be duplicated at the national level.

David, you and I are on opposite ends of the political spectrum, but you have my respect and you're the last guy I want to get into a political argument with.

That said, the point of a federal department of education is to ensure a standard of education---so that a child in West Virginia, Louisiana, Mississippi, Arkansas or New Mexico has as solid an education as a child in any other state.

We can discuss the ways in which that hasn't worked and the problems inherent in the current situation (and there are plenty). But isn't it a worthy goal not to doom kids to a substandard education simply as a consequence of their birthplace within the same country?

 

[michael hagerty]

How does a "Mexican" look?

Ask Tom Homan that question. I bet you'll be disappointed by the answer.

The problem is, David, that the mass deportations will be conducted by people far less aware of the answer to that question.

I know you're (as you put it yesterday) "to the right of Attilla the Hun", but one of the biggest problems with this program is that it will be carried out by people who, had they shown up on this board and displayed their understanding of Latinos in America, would have likely gotten a well-deserved lecture from you on stereotypes and ignorance.

 

[TheBigA]

The point is that any "estimate" of foreign ownership can't be truly accurate as so much in the world of equity and debt investments is held in "Street Names".

None of that was any part of Brendan Carr's reason to deny the Audacy bankruptcy.

 

[fybush]

We are way off any sort of broadcasting topic at this point.