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The Federal Communications Commission (FCC) paved the way for the purchase of 18 radio stations from Televisa Univision by Latino Media Network, backed by progressive billionaire George Soros. Among them is the well-known Radio Mambí in Miami.
The purchase agreement would be for 60 million dollars. Latino Media Network, financed by Soros, is led by Jess Morales Rocketto, who worked for the Clinton campaign and Stephanie Valencia, a former member of Barack Obama’s White House staff.
“We have reviewed the applications and found that Univision is qualified to assign, and LMN is qualified to hold the station licenses,” FCC Audio Division chief Albert Shuldiner said in a decision released Monday and first reported by Inside Radio.
Concerns about George Soros-linked company
For months, Republican leaders and journalists have been warning about what a liberal company’s purchase of the stations would represent. In June, El American had access to a letter that six Republican congress members sent to FCC Chairman Jessica Rosenworcel urging the federal agency to “closely scrutinize” the purchase of 18 Hispanic radio stations – including Radio Mambí – by Latino Media Network.
The congress members- Senators Marco Rubio, Tom Cotton and Rick Scott; and Representatives Maria Elvira Salazar, Mario Diaz-Balart and Carlos Gimenez – warned Rosenworcel that the purchase of these 18 Hispanic radio stations could be aimed at censoring media outlets that are unfavorable to the political aspirations of the Democrats.
Finally, they detailed that if the negotiation is achieved, the Democrats would achieve a very large influence over a third of Hispanics in the United States.