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KENNEDY (CO-HOST): I don't have a problem with him saying that he doesn't like it. I don't have a problem with him pushing back and saying this is clearly objectively unfair. That's fine. But saying somehow he's going to use the power of the federal government, to even imply he’s going to silence --
SANDRA SMITH (CO-HOST): Is there anything the government can do?
HARRIS FAULKNER (CO-HOST): Yeah, the FCC can do it, it’s not the White House.
KENNEDY: The FCC can only do it with local stations. NBC does not have an FCC license. NBC affiliates have FCC license, and individuals who watch those stations can file complaints to the FCC. The FCC can fine them, but it would be a very drastic measure.
HARRIS FAULKNER (CO-HOST): If you change the licensing for the local affiliates and the network can't put its programming on that because of the changes in the licensing, you can effectively hurt the networks. But what the president is saying here is his opinion in this sense. The problem is he's got the bully pulpit. And so then you wonder, well then, does the agency, the FCC, listen to him, are they going to take a closer look? And oh by the way, that wouldn't be the worst thing if they took a closer look at some of the fake news out there. That wouldn't be the worst thing.
KENNEDY: Do you really want the government determining editorial content?
FAULKNER: Taking a look at whether something is factual? That's what the FCC does. Those are the people who come up with -- Juan is saying no.
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Source : https://www.mediamatters.org/video/2017/10/12/fox-host-it-wouldn-t-be-worst-thing-fcc-take-cues-trump-reviewing-licenses-media-outlets/218210