This is pretty interesting for multiple reasons

Free over the air networks have always been given a lot of leeway, to the point they have become biased pieces of garbage. That's where we are at right now and the Trump administration is getting to the point of trying to change that. They have a very good argument that the networks are not providing a public service to all of their viewers and are only providing programming to a certain segment of the population, in violation of their broadcast licenses. You can be as biased as you want on cable or paid services but not on free over the air broadcast networks.

This will be headed to the courts and, of course, the left will sue and shop these lawsuits to friendly courts where they will win but would most likely be overturned on up the ladder and has little chance with the US Supreme Court. These free over the air broadcast networks will hopefully be forced to provide service and programming to more than just one side and very biased programming such as The View, Kimmel, SNL, the news itself, and others will be forced to be more fair and balanced than they currently are or will have to find a new home on either cable or paid subscription services.
You still have not shown the portion of these licenses that prevents networks from being biased, particularly in entertainment programming
 

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