The thing is that the FCC is only interested in broadcast-related
malfeasance, so unless it's proved that Fixed Noise or a Fox-owned
station's news department was hacking into cell phone calls, Fox's 27
owned stations in 19 cities are pretty much safe--for now:

http://www.adweek.com/news/television/foxs-tv-licenses-safe-scandal-now-133311

However, it should be pointed out that the only major revocation of
broadcast licenses by the FCC, the breakup of RKO General over parent
company General Tire making deals with vendors in exchange for air
time on RKO stations, took over 20 years to play out (and started as a
citizens group complaining about the programming on RKO's KHJ-TV in
LA--20 years, when the FCC gave the license to the citizens group,
they handed it over to Disney, who changed the calls to KCAL--the
station's now owned by CBS).

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