Senator Chuck Schumer (D-NY) thinks so.
When it was law it did a couple of things: It required broadcasters to devote some of their airtime to discussing controversial matters of public interest, and to air contrasting views regarding those matters. Stations were given wide latitude as to how to provide contrasting views: It could be done through news segments, public affairs shows or editorials.
Should this really be the government’s role? Is ensuring “balance” in political speech the same as restricting pornography? I don’t think so. Right now it only applies to radio (which conservatives tend to dominate), but doesn’t apply anywhere else. Not to say that it couldn’t eventually be extended to cable and the internet. Slippery slope. Schumer interview below:
HT: Hot Air