InvestmentWatch

The stated rationale for the Fairness Doctrine was to encourage more information to be aired by radio and TV stations, on the theory that private broadcasters would tend to underprovide a public good-news about important social issues. Yet, the danger has been seen, at the U.S. Supreme Court, the Federal Communications Commission, and elsewhere, that there exists a potentially unconstitutional “chilling effect”: the prospect of having to award equal (unpaid) [...]