FCC delays Audacy reorganization because Republicans afraid of George Soros

Audacy, formerly Entercom, is the second-largest owner of radio stations in the country, with about 225 of them. It is not known for having a corporate political spin, the way, say, Sinclair TV stations do; it also has digital assets. The company bought up a lot of stations over the years, took on a lot of debt, and was unable to make payments on it. So in February they filed Chapter 11 bankruptcy. That wiped out the common shares and will put debt holders in control. It was a “prepackaged”...