I remember writing about FCC regulation when I was a law student — I graduated in 1981 — and even back then the argument was made that times have changed and the basis for regulation — the scarcity of the airwaves — was being overtaken by technology — then, cable TV. I remember using the phrase "based on a future that has not yet arrived," because cable TV was expensive and it wasn't even available everywhere. But now, it's 45 years later, and the FCC is still pressuring broadcast media avoid the most egregious sort of political imbalance.
The equal-time rule hasn’t been vigorously enforced in recent years, reflecting its obsolescence. But as with many outdated business regulations, Congress hasn’t bothered to revoke it.
