Media
Soros Radio Grab Threatens Conservative Talk
C UBIETA
Critics fear the billionaire seeks to advance progressive agenda and sway the election. BY DAVID A. PATTEN
onservative talker lourdes ubieta may feel progressive billionaire George Soros is stalking her career.
Soros is the Hungarian-American financier who
has poured hundreds of millions of dollars into electing Democrats, with a special focus on funding the campaigns of soft-on-crime district attorneys like Donald Trump’s nemesis in Manhattan, Alvin Bragg. Ubieta knows Soros all too well. That’s because in the
summer of 2022, she learned that a Soros-led company was paying $60 million to buy a group of radio stations including her employer Radio Mambi, the conservative talker in Miami that’s especially popular with Cuban Americans. That news touched off a cultural and politi-
cal earthquake. Republicans on Capitol Hill demanded that the Federal Communications Commission carefully scrutinize the deal for Radio Mambi, a powerhouse pillar of Miami’s staunchly anti-Communist Cuban exile com- munity for decades. Ubieta quit and declared on her way out the
ALEXANDRINO
door that Soros was trying to silence conserva- tive voices by taking over the broadcaster and
17 other Hispanic radio stations in cities like Chicago, Hous- ton, Dallas, San Antonio, Las Vegas, and Los Angeles. A group of GOP senators led by Sens. Marco Rubio and
Rick Scott of Florida fired off a letter to the FCC urging it to “thoroughly scrutinize” the purchase. “Far from benign,” they wrote, “the proposed sale is the lat-
est in a series of moves by elite progressives desperate to claw back support from Hispanic voters, who have rightly turned
Soros Scoops Up Vice Media for $350 Million T
alk radio isn’t the only fire-sale media acquisition by George Soros. His company
is also the new owner of Vice Media. Founded in 1994, Vice magazine
branched into digital content, video media, and production. By 2017, it was valued at $5.7 billion.
But the company known for quirky 42 NEWSMAX | JUNE 2024
content was frequently strapped for cash. In May 2023, Vice Media filed for Chapter 11 bankruptcy protection. Soros Fund Management joined
with Monroe Capital and the Fortress Investment Group to take control of Vice Media Group for $350 million. In February, in the latest sign that
everything Soros touches in business isn’t golden, Vice Media announced it would be laying off hundreds of employees. Vice’s most unique attribute, however,
could be of keen interest to Democrat strategists if its owners decide to dive into politics. It’s demonstrated a strong appeal to younger readers and the youth market — a tough constituency to get to the polls. — D.P.
SEAN GALLUP/GETTY IMAGES
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