FCC Chairman to Brief Lawmakers on Soros-Linked Radio Station Deal

This week, Federal Communications Commission (FCC) Chairman Brendan Carr will meet privately with members of the Republican Study Committee to address growing regulatory concerns over media consolidation. The key focus: a controversial acquisition of over 200 U.S. radio stations by a firm backed by billionaire investor George Soros.

“We’re examining the regulatory framework and media ownership rules,” a source close to the meeting shared.

The stations, previously owned by Audacy—a major American broadcaster—were sold during a Chapter 11 bankruptcy restructuring. Soros Fund Management played a central role, investing more than $400 million in company debt, securing influence in the transition.

Carr’s closed-door briefing will outline FCC procedures and potential implications for local media control and public interest obligations.

“This level of consolidation raises red flags,” one lawmaker commented anonymously.

The meeting underscores Republican unease about concentrated media power, particularly when linked to politically influential figures. As the deal continues to draw attention, calls for transparency and oversight are mounting on Capitol Hill.