(TJV) According to court filings and sources close to the situation, George Soros, described as a radical and dangerous leftist billionaire, is positioned to acquire a substantial stake in the nation’s second-largest radio company, which boasts over 220 stations across the country. Soros Fund Management, led by the left-leaning billionaire, has purchased around $400 million of debt in Audacy, the company ranked second in the US radio broadcasting industry after iHeartMedia. Audacy owns prominent stations such as WFAN and 1010 WINS in New York, as well as KROQ in Los Angeles.

NY Post reported this horrible news.

Audacy owns two news stations in NYC and  many others and is poised to turn these stations into pure propaganda mills for the DNC and Soros’, extemist, radical, anti Israel, agenda.

One individual close to the situation, identifying as a Republican, expressed concerns that Soros might be aiming to influence public opinion leading up to the 2024 presidential election through this stake acquisition, which they found unsettling.

“This is scary,” the source said.

Sources indicate that Soros’s stake amounts to roughly 40% of the company’s senior debt, a substantial portion that could potentially grant him significant influence over the media conglomerate following its emergence from bankruptcy, despite not constituting a majority ownership. Soros acquired this debt at approximately 50 cents on the dollar from hedge fund HG Vora in recent weeks.

“Audacy confirmed the Soros’ investment after reports of the deal surfaced. ‘The decision by our existing and new debtholders to become equity holders in Audacy represents a significant vote of confidence in our company and the future of the radio and audio business,’ Audacy said in a statement.”

The bankruptcy restructuring plan for Audacy is scheduled for a hearing on Feb. 20 before US Judge Christopher Lopez in a Houston bankruptcy court. Audacy filed for bankruptcy on Jan. 7 with debts totaling $1.9 billion.

Under the current Chapter 11 bankruptcy plan, existing shareholders are anticipated to lose their stakes, while creditors like Soros would be compensated with stock in the reorganized entity. However, this proposal necessitates approval from the bankruptcy court.

This move marks the latest media investment by Soros. Last summer, a fund associated with him participated in a consortium that acquired bankrupt Vice Media for $350 million. This acquisition, approved by a judge in Manhattan federal bankruptcy court, signified the decline of Vice, a once highly valued outlet co-founded by media executive Shane Smith, who left amidst allegations of a problematic workplace culture.