The FCC, under former President Joe Biden, fast-tracked a deal that helped George Soros' investment firm get 40% of Audacy's debt. (Getty Images/AP)
Important Takeaways:
- House Republicans are getting an update on the Trump administration’s probe of billionaire George Soros’ influence on local radio, a source familiar with planning told Fox News Digital.
- The Republican Study Committee (RSC), the 175-strong caucus led by Rep. August Pfluger, R-Texas, is hosting Federal Communications Commission (FCC) Chairman Brendan Carr at its annual closed-door lunch on Wednesday.
- The source familiar with the planning said Carr is expected to brief GOP lawmakers on the FCC’s investigation into Soros, including an investment firm he’s linked to purchasing over 200 Audacy radio stations nationwide.
- Carr and Republicans are also expected to more widely discuss strategies for pushing back against media deemed to be biased against the GOP.
- The RSC is the largest grouping of lawmakers within the House GOP and traditionally acts as an informal think tank for the conference.
- An investment firm linked to Soros, a left-wing businessman who has sunk billions of dollars into liberal causes, became the largest stakeholder in radio giant Audacy at the tail end of the Biden administration late last year.
- The Soros Investment Fund acquired roughly 40% of Audacy’s debts after the company filed for Chapter 11 bankruptcy.
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