We The People of The United States own the airwaves in America. You, me, everybody.
The government leases these public airwaves to private business so long as they operate in the public interest.
Anyone think Limbaugh's constant stream of hate is operating in the public interest?
Reagan changed the FCC by, among other things, killing off the so-called 'Fairness Doctrine'.
If we still had that as policy Rush would NOT be where he is today because he'd have to give 'equal time' to everyone he's insulted and attacked.
As it is now he operates with impunity, just like trump.
Do you think this is a good thing?