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In the Reagan era, the FCC got rid of the Fairness Doctrine rule, thank goodness. It had been used by both parties to lean on broadcasters they didn't like. It effectively shut down lively political discussion on the airwaves, and was a poke in the eye of the First Amendment.  As FCC chairman Mark Fowler put it back then, the FCC shouldn't be regulating content--TV is just "a toaster with pictures."

But it wasn't until yesterday that the FCC officially erased the rule from the Federal Registry.  Hear, hear.