Section 326 of the Communications Act, 47 U.S.C. § 326, explicitly declared that nothing in the statute
shall be understood or construed to give the Commission the power of censorship over the [broadcast] communications or signals transmitted by any [broadcast] station, and no regulation or condition shall be promulgated or fixed by the Commission which shall interfere with the right of free speech by means of [over-the-air] broadcast communication.
In regards to the fcc threatening licenses
Section 326 of the Communications Act, 47 U.S.C. § 326, explicitly declared that nothing in the statute
shall be understood or construed to give the Commission the power of censorship over the [broadcast] communications or signals transmitted by any [broadcast] station, and no regulation or condition shall be promulgated or fixed by the Commission which shall interfere with the right of free speech by means of [over-the-air] broadcast communication.