The decision has drawn criticism from Republicans, who say the FCC broke with established procedure to push the deal through.

By all appearances, the FCC majority isn’t just expediting, but is bypassing an established process to do a favor for George Soros,' one congressman says.

The US House Committee on Oversight and Accountability is opening an investigation on the FCC over George Soros' potential stake in Audacy.

The Republican lawmakers said Thursday the FCC is allowing George Soros to 'facilitate his influence' ahead of the November election.

Politically progressive financier Soros would become largest shareholder in Audacy, owner of six St. Louis stations, which declared bankruptcy earlier this year.