Statement of NRB President & CEO on Reported FCC Approval of Audacy Deal

WASHINGTON, D.C. (NRB) — Troy A. Miller, president & CEO of the National Religious Broadcasters (NRB), has issued a statement responding to reports that the Federal Communications Commission (FCC) is poised to approve an Audacy restructuring that includes a temporary waiver of the Commission’s normal review process for foreign ownership.

The following statement is attributable to NRB president & CEO Troy A. Miller:

“The FCC is reportedly poised to ‘fast-track’ a deal that would relieve Audacy’s financial troubles by making Soros Fund Management the largest stakeholder in America’s second-largest radio company. This transaction is set up in such a way as to temporarily waive the time-consuming approval process for foreign ownership above 25 percent. 

“The fact that the FCC is apparently willing to bypass the usual protocols to get this transaction done just weeks before a presidential election seriously undermines the Commission’s credibility and raises warranted questions of whether administrative processes are being manipulated to exert political preference.

“This effort to consolidate left-wing control over a massive portfolio of stations is a testament to the continuing impact of traditional radio and signals a major challenge to the historic marketplace dynamic of conservative radio dominance.”

About NRB
NRB is a nonpartisan, international association of Christian communicators whose member organizations represent millions of listeners, viewers, and readers. NRB’s mission is two-fold: To protect the free speech rights of our members to speak Biblical truth by advocating those rights in governmental, corporate, and media sectors; and to foster excellence, integrity, and accountability in our membership by providing networking, educational, ministry, and relational opportunities. Learn more at www.nrb.org.

About the NRB Convention
The annual NRB International Christian Media Convention is the largest nationally and internationally recognized event dedicated solely to assisting those in the field of Christian communications. The dynamic and award-winning Exposition consists of hundreds of organizations and is an active marketplace for those seeking products and services to enhance their organization. The next Convention will be held February 24-27, 2025, at the Gaylord Texan Resort & Convention Center, Grapevine, Texas. For more information, go to www.nrbconvention.org.

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