Has The FCC's Media Regulation Outlived Its Purpose? Colbert's 'Equal Time' Flap, Explained

Stephen Colbert says CBS lawyers pulled his interview with Texas state Rep. James Talarico over concerns about the FCC’s “Equal Time Rule.” So what exactly is that rule — and why is it suddenly back in the headlines? Michael speaks with Associated Press national politics reporter Meg Kinnard to break down the difference between the Equal Time Rule and the long-defunct Fairness Doctrine — and why the FCC under Chairman Brendan Carr appears to be taking a fresh look at enforcement. Does the Equal Time Rule apply to late-night comedy shows? Why could Colbert air the interview on YouTube but not on broadcast television? And if this rule is enforced, what does it mean for terrestrial radio talk show hosts like Sean Hannity and others? After his conversation with Kinnard, Michael has a lively conversation with the audience about free speech, fairness, media silos, and whether the marketplace — not Washington — should decide. Original air date 19 February 2026. Like what you're hearing? Please rate, review, and share this podcast, and to hear more, listen to The Michael Smerconish Program on SiriusXM.