General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSoros fund is building an audio empire
George Soros thinks its good business, and perhaps good politics, to be in your ears.
Over the last two years, Soros Fund Management, the firm founded by the billionaire investor and now controlled by the Open Society Foundations, has become an increasingly key player in the oldest electronic mass media: radio.
In February, the company became the largest shareholder in Audacy, the bankrupt second-largest radio company in the U.S., with more than 230 U.S. stations and a podcast arm that includes Cadence13 and Pineapple Street Studios. In 2022, Soros invested an undisclosed amount in Crooked Media, the liberal podcast network behind the ultra-popular Pod Save America. And a Soros-backed firm played a crucial role in Univisions $60 million sale in 2022 of 18 Hispanic radio stations to a new firm run by veterans of Democratic politics. The deal, which included conservative Cuban powerhouse broadcasters in Miami, drew opposition from Republican members of Congress.
https://www.semafor.com/article/04/07/2024/soros-fund-is-building-an-audio-empire
As previously reported on DU:
https://www.democraticunderground.com/100218704001
Fiendish Thingy
(15,764 posts)Unfortunately, they have become a lot more click-baity during the past year as well.
dlk
(11,661 posts)In rural areas, talk radio and radio, generally, is a right-wing, extremist cesspool. A change will do them good.
CrispyQ
(36,675 posts)Better late than never, I suppose, but too bad our side didn't do this decades ago to counter all the right-wing bullshit broadcast over the airwaves.
Arthur_Frain
(1,874 posts)nt
Silent Type
(3,221 posts)Arthur_Frain
(1,874 posts)Apparently I had a lot of company, because not enough people tuned in.
For some reason our side doesnt do radio all that well. I dont know if the message doesnt translate well to the medium, but I cant point to any liberal radio program with the success anywhere near any of the right wing talking heads.
Its frustrating.
Biophilic
(3,800 posts)Hysteria and hate evokes emotions that drive peoples actions. Rational thought has never been able to compete. We are emotional animals. Sadly.
Brian Lehrer Show in NYC is very successful and is wholly logical.
It just has to be done right.
Qutzupalotl
(14,381 posts)Most small (and large) business owners lean Republican, so were more likely to advertise on Rush and his ilk than Air America.
RubyRose
(151 posts)will reduce the need for advertising dollars.
electric_blue68
(15,159 posts)oasis
(49,701 posts)mountain grammy
(26,721 posts)POD saving America one podcast at a time and for Vote Save America supporting Democrats everywhere. Support them if you can. Some very good programs.
Delmette2.0
(4,184 posts)Thanks for telling us about Crooked Media.
StClone
(11,696 posts)What Ever Happened to Air America?
To make matters worse, the network was beset by a raft of off-air problems almost from its inception: a charity-loan scandal, contract disputes with affiliates and employees, continual changes in ownership and management, and a 2006 bankruptcy. As Air America's fifth birthday approaches, it seems fair to ask: is the concept of a liberal talk-radio network dead? And why didn't it take off as its supporters had hoped?Air America is in fact still soldiering on, and when I spoke to the three men who are now running itchairman and lead investor Charlie Kireker, C.E.O. Bennett Zier, and head of programming Bill Hessthey all voiced their optimism about the company's future. But in retrospect the spirit of 2004 seems laughably bullish. The network's trouble began two weeks after its April Fool's Day launch...
https://www.vanityfair.com/news/2009/03/what-ever-happened-to-air-america
BComplex
(8,137 posts)They don't want their well-programmed base to hear any of the truth coming out of the radio!
Passages
(286 posts)Cha
(298,648 posts)Jacson6
(392 posts)Everyone is getting automobiles with the ability to listen to satellites and podcasts over the Internet. I can see investing in podcasts services, but AM/FM terrestrial radio is dying. YMMV. IMHO.
Elessar Zappa
(14,207 posts)Im sure he knows what is or isnt a good investment. Theres a reason hes a billionaire.