According to bankruptcy filings cited Wednesday in the New York Post, his Soros Fund Management has bought $400 million of debt in the Audacy chain.

The Post reported that the Fund’s stake comes to about 40% of Audacy’s debt, at a value of about 50 cents on the dollar.

“Although not a majority, [that] could yield effective control of the media giant when it emerges from bankruptcy,” the Post wrote.

A Republican insider “close to the situation” told the Post that Mr. Soros could be making the election-year purchase in a bid to influence public opinion.

“This is scary,” the source said.

Audacy owns more than 220 stations across the country and in almost all major markets.

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