“Regulators invited public comment on whether the US broadcast license for Fox Corp.’s TV station in Philadelphia should be renewed after a grassroots organization asked that it be denied, saying Fox knowingly broadcast false news about the 2020 election.”
Seemingly only affects a single local station in Philadelphia. While it should be denied and hopefully that will push for more denials to follow, this isn’t going to shut down FOX News the cable channel. It is at least a decently sized market, but still just one stations local news.
The article says the next Fox station to seek license renewal won’t do so until 2028, so that’s a bummer.