Part 4/8:
This acquisition raises questions beyond mere financial transactions; it touches on how media control can shape public opinion. The Federal Communications Commission (FCC), which regulates the use of airwaves that belong to the American public, approved Soros’ purchase rapidly, bypassing the usual due diligence procedures that typically accompany such significant media transactions. Critics, especially from the Republican side of the FCC, perceived this expedited approval as a result of undue political influence, raising red flags about transparency in media ownership.