No, the FCC Can't Shut Down Fox News
As Matt Welch noted earlier, the only direct reference to "shutting down" Fox News in The Daily Caller's story this morning was a question by UCLA law professor Jonathan Zasloff, who asked "is there any reason why the FCC couldn't simply pull their broadcasting permit once it expires?" But as the Progress & Freedom Foundation's Adam Thierer points out, there's a really easy answer to that question: Yes, there's most definitely a reason why the agency couldn't pull the permit; Fox News is a cable channel and therefore not licensed by the FCC.
Here's my (potentially) controversial—but on the record!—question: Do we need the FCC at all?