That did not happen and nor should anyone expect the FCC to stop Soros now, but the company filed for Chapter 11 in the Southern District of Texas. And while the NRA and Trump already discovered the dangerous powers that state prosecutors have over organizations doing business or even registered in a blue state, there’s no reason the reverse can’t be true.
Audacy’s rapid bankruptcy deal that will make Soros into the company’s biggest shareholder can be examined by state officials including regulators and prosecutors like Attorney General Ken Paxton. Audacy’s reach includes Texas where it has at least one conservative talk radio station, KJCE which, along with local talent, broadcasts Sean Hannity, Dana Loesch and Frontlines of Freedom, and local officials can determine whether the bankruptcy deal and the subsequent Soros takeover will impact the Texas market and viewpoint diversity.
Instead of a rapid bankruptcy followed by a fast takeover, Texas state officials have a duty to thoroughly scrutinize the parameters of the agreement, its local impact and any issues that may arise from the new role of the Soros organization and what its management role may be.
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