"The Fairness Doctrine's repeal was part of the sweeping deregulations of the Reagan era, which aimed to liberate all sorts of industries from government interference and allow them to compete freely in the marketplace. The old, Rooseveltian logic of the Doctrine had been that since the airwaves belonged to everyone, a license to profit from those airwaves conferred on the broadcast industry some special obligation to serve the public interest. Commercial radio broadcasting was not, in other words, originally conceived as just another for-profit industry; it was supposed to meet a higher standard of social responsibility."
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