Kennedy Seeks FCC 'Revisit' of Audacy Foreign-Ownership Review Waiver
Sen. John Kennedy, R-La., said Tuesday the FCC should “revisit” its 3-2 September decision that granted radio broadcaster Audacy’s request for a temporary waiver of foreign-ownership requirements to complete a bankruptcy restructuring that included George Soros-affiliated entities purchasing its stock…
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(see 2409300046). The Audacy order drew strong congressional GOP opposition in the lead-up to the November presidential election, including a House Oversight Committee probe (see 2409270053). Kennedy, who previously chaired the Senate Appropriations Financial Services Subcommittee, which has jurisdiction over FCC funding, framed the Soros-affiliated entities’ purchase of Audacy stock as a “weird” sale that included WWL(AM) New Orleans. The waiver request “went through the FCC like green grass through a goose,” just ahead of the election, Kennedy said on the Senate floor Tuesday. Jessica Rosenworcel's FCC, which included three Democrats at the time, “short-circuited the normal process,” despite objections from current Republican Chairman Brendan Carr and Commissioner Nathan Simington. “These licenses and these airwaves do not belong to me or the FCC or to Audacy or to WWL,” Kennedy said. “They belong to … the American people. And we're supposed to make sure, through our FCC … that these licenses are not just given away.” The FCC didn’t immediately comment.