Voltaire (BIG fan of Fox) said it all on this topic.

How can this doctrine square with freedom of speech? Freedom of speech includes, alas, the freedom to express ignorant biased and downright mischievous views. After all, my enlightened common sense is someone else's dangerous nonsense. (I am right, and they are wrong, but that is another story).

Do we even want fairness? I am hugely entertained by the Daily Show. I am comforted in my elite euro-liberal weenieness by what I hear of right wing shock jocks. I don't want either of them turned into the broadcast equivalent of angel delight.

The only exception to my mind is a broadcaster like the BBC, which is publicly funded. They should be required to carry a broad range of views. Otherwise, cry havoc, and let slip the dogs of broadcasting.

Besides in these days of the interweb does anyone seriously think you can regulate things anymore?