WASHINGTON (January 28, 2025) – WASHINGTON – Sen. John Kennedy (R-La.) urged the Federal Communications Commission (FCC) to review its decision to allow a company backed in part by foreign money and billionaire Democratic donor George Soros to obtain licenses for more than 200 American radio stations. The requested review by the FCC would include making certain that all required steps were followed according to FCC procedures and taking a closer look at the national security ramifications of the sale.
Key excerpts of the speech are below:
“Mr. George Soros is buying WWL AM radio in New Orleans. WWL AM radio is practically an institution in my state.”
. . .
“Any time a broadcast license—as is the case with Audacy—is transferred, the FCC has to approve it. So, Mr. Soros’s purchase of WWL Radio and the 219 other radio stations had to go before the FCC, and it did. And it went—the approval for Mr. Soros—went through the FCC like green grass through a goose. It was a party-line vote. It was last September. All three Democrats—there are five people on the FCC—all three Democrats said let it go, and [it has been alleged that] they short-circuited the normal process. . . . What happened was what some members of the media have called the ‘Soros shortcut.’ They just got together and rammed it through.”
. . .
“Mr. Soros—both George and [his son] Alex—believe that America would be better off if we had open borders. They believe that America would be better off, in my opinion—this is how I read their writings—if we ended jails and if we ran our government like the Communist Party of China. I don’t agree with that, but Mr. Soros—both of them—are entitled to their opinion. But my people in Louisiana are entitled to know whose opinion they are hearing on the radio.”
. . .
“I hope the new FCC revisits this issue. These licenses and these airwaves do not belong to me or to the FCC or to Audacy or to WWL. They belong to you and you and you—the American people. We are supposed to make sure through our FCC—that is why God created the FCC—that these licenses are not just given to anybody.”
Background:
- Audacy is the second-largest owner of radio stations in the U.S. In total, Audacy owns roughly 220 stations in more than 45 media markets throughout the country.
- In Jan. 2024, Audacy filed for Chapter 11 bankruptcy and offered to trade shares of the company to lenders who would take on debt. George Soros took on $400 million in Audacy’s debt for 50 cents on the dollar and became the largest shareholder in the restructured company. Several foreign entities also took on some of Audacy’s debt, leaving the company with more than 20% foreign ownership.
- The FCC restricts the ability of companies with significant foreign ownership to obtain radio licenses. The agency is supposed to investigate foreign-backed companies to make sure they would operate in the American people’s interests before approving the transfer of any radio licenses.
- According to FCC Commissioner Brendan Carr, the Democrat-led FCC rushed the approval process to allow the transfer of licenses to the Soros-backed Audacy without conducting the standard investigations. Carr said the FCC had never previously used the “Soros-shortcut” procedure to approve licenses to a firm with significant foreign ownership.
- Carr—who is now chairman of the FCC—has said he would take “a very hard look” at a petition to reconsider the license transfer to the Soros-backed company.
- Soros has donated billions of dollars to leftist causes in recent years. Soros has called the U.S. “the main obstacle to a stable and just world,” and claimed that China has a “better functioning government than the United States.”
- Shortly before leaving office, President Biden gave Soros the Presidential Medal of Freedom, the nation’s highest civilian honor.
Watch Kennedy’s full speech here.
