An investment firm founded by billionaire George Soros is looking to ramp up its influence over a key slice of American broadcasting.
Soros Fund Management, which is controlled by Open Society Foundations (OSF), has made multiple high-profile media acquisitions over the past two years and, according to sources familiar who spoke with Semafor, is in discussions to purchase even more. Roughly one-third of all media consumed in the United States is in the form of audio and about half of Americans still listen to the radio when traveling in their cars.
Read More