Liberals, on the other hand, are almost transparent in their aim to do precisely that [to bring back the old days when the three networks were the main source of news.] During July's House floor debate, Michigan Democrat John Dingell explained that once they roll back the FCC ownership expansion liberals can then move to reverse another recent FCC decision to allow companies to own TV stations and newspapers in the same market. They may then go to town on New York Representative Maurice Hinchey's proposal to revive the Fairness Doctrine and complicate life for both Fox and Rush.
In other words, all that's involved in the bill that Lott and Hutchison support is rolling back the FCC's rule to expand ownership, and the Wall Street Journal is only speculating that passing this bill will help Hinchey's proposal to revive the Fairness Doctrine. In point of fact (at least as long as Republicans lead both Houses of Congress and have a man in the White House,) there is zero chance that a bill reviving the Fairness Doctrine will be enacted.