FoolYap says

"But the broadcast spectrum belongs to the people, and the FCC licenses it to broadcasters on behalf of the people. To get a license, a broadcaster has to agree to certain terms and adhere to certain standards. There's no Constitutional right to spread lies in that deal."

Good luck proving that Fox willfully lies, to the extent that they deserve to have their license revoked.

Such an attempt would be politically based, and rightfully maligned as such. I hate what Fox does. I despise the lies. But it would be a major fail to attempt this, legally and politically. You might as well hand the election to Romney.

Oh, I agree. It would be big tactical error. I just wanted to keep it clear that a broadcast license comes with conditions.