What does the FCC do - and can it revoke a TV network's licence?

The article discusses President Trump's suggestion to revoke TV networks' licenses for unfavorable coverage, posing questions about the FCC's power to do so. The FCC regulates broadcast licenses, sets rules for content disclosure, obscenity, and decency, and oversees merging telecommunication companies. Led by five commissioners, including Republican chairman Brendan Carr, the FCC does not regulate national networks directly but can impact corporate mergers. The FCC's role in regulating content and enforcing equal airtime for opposing political views is highlighted, along with the controversy surrounding Jimmy Kimmel's suspension by ABC stations following FCC pressure.