John Amato at Crooks and Liars thinks so. His angle? With Fox News now routinely getting caught doctoring video and airing the misleading clips in its news reports, Amato thinks Rupert Murdoch's 'news' channel might be running afoul of FCC regulations.
Specifically, Amato points to this FCC language:
“Hoaxes. The Commission's prohibition against the broadcast of hoaxes is set forth at Section 73.1217 of the Commission's rules, 47 C.F.R. § 73.1217.
This rule prohibits broadcast licensees or permittees from broadcasting false information concerning a crime or a catastrophe if: (1) the licensee knows this information is false; (2) it is foreseeable that broadcast of the information will cause substantial public harm; and (3) broadcast of the information does in fact directly cause substantial public harm.
UPDATED: Rupert Murdoch can likely rest easy. The FCC regulates broadcast television and radio, outlets that use the public airwaves. But the FCC does not regulate cable television.