• Woke Communist Billionaire Soros Purchases Audacy - Will Now Broadcast

    From Big Trump Failure@21:1/5 to All on Fri Feb 16 04:46:47 2024
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    The Communists have won again!

    Woke Communist Billionaire Soros Purchases Audacy - Will Now Broadcast His
    Woke Billionaire Communist Propaganda from Over 200 Radio Stations and Brainwash Millions Into Voting For Biden

    Radio Giant Audacy Set To Exit Bankruptcy With Soros Fund Management As
    Largest Shareholder

    By Jill Goldsmith, Ted Johnson
    February 15, 2024 1:54pm
    Audacy

    Soros Fund Management is set to become the biggest shareholder of Audacy (formerly Entercom), the radio station owner and podcast company that filed
    for bankruptcy in January.

    Audacy was pushed into Chapter 11 by the cost of financing its hefty $1.9 billion in debt. The bankruptcy was prepackaged, meaning it had already lined up support from lenders. A court hearing is scheduled for Feb. 20.

    Documents filed in bankruptcy court in the Southern District of Texas show
    that billionaire investor George Sorors’ Soros Fund Management had acquired about $415 million of Audacy’s first-lien debt, which would make SFM the broadcaster’s biggest shareholder when it emerges from bankruptcy. The filing put Soros’ holding at close to $280 million in term loans and a $135 million revolving credit facility.

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