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pecosbob

(8,392 posts)
10. Open Society Foundations (Alex Soros) has been buying a lot of radio stations recently...
Thu May 9, 2024, 10:10 PM
May 2024
https://finance.yahoo.com/news/george-soros-fund-tightens-grip-175358883.html

The reins of Open Society Foundations — which funnels about $1.5 billion a year to liberal causes — were recently handed to Soros’ youngest son, Alex, a 38-year-old NYU grad who said he was picked partially because he is even “more political” than his elderly dad.


https://www.nbcnews.com/business/business-news/sinclair-explores-selling-roughly-30-percent-broadcast-stations-rcna151572

Sinclair has lost more than 70% of its market value in the last five years. The company’s market capitalization is about $975 million with an enterprise value of about $4.7 billion.


They cornered the market in local television and pandered right-wing propaganda along with the weather. Then people quit watching cable TV. So sad...would love to see Sinclair Broadcast Group go away.

Recommendations

2 members have recommended this reply (displayed in chronological order):

Be nice if politically neutral people bought the stations Marthe48 May 2024 #1
Why? I'll bet they see the future of broadcast radio. And it won't include radio stations. OAITW r.2.0 May 2024 #2
TV stations, not radio n/t Doc Sportello May 2024 #3
OK, my bad. OAITW r.2.0 May 2024 #5
If you search around DU, you'll find there were a bunch of OPs about the evils of Sinclair under 45 BumRushDaShow May 2024 #9
Rushbo dying may have caused a ratings slump? Or was he on a different network? Evolve Dammit May 2024 #4
I would prefer they were locally owned. LiberalFighter May 2024 #6
🎉🎉🎉 HandmaidsTaleUntold May 2024 #7
we should all get together, buy one of the stations, and start the... reACTIONary May 2024 #8
Open Society Foundations (Alex Soros) has been buying a lot of radio stations recently... pecosbob May 2024 #10
Need a wealthy democrat to purchase these oldmanlynn May 2024 #11
Those stations are worthless. Aussie105 May 2024 #12
Go broke. Reduce poison. oasis May 2024 #13
Sinclair must be in trouble if they are willing to sell some of their asets. Mr. Sparkle May 2024 #14
Left leaning bigmonk May 2024 #15
They were trying to indoctrinate them BumRushDaShow May 2024 #17
The old Sinclair gas-stations used to have a Dinosaur logo Seinan Sensei May 2024 #16
Hopefully that includes WRGB in the Albany-Schenectady-Troy market nuxvomica May 2024 #18
Our long-time local newscaster got fired for refusing to read Sinclair's RW propaganda on the air. Midnight Writer May 2024 #19
Good for him! Or her! mahina May 2024 #20
Had to go search for it. Joe Crain, WCIS-20, Springfield, IL. Midnight Writer May 2024 #21
Thank you and Joe Crain mahina May 2024 #22
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