I know what Colbert said, and what Colbert claims CBS said. But I feel like something is being left out.
The equal time requirement wouldn’t prevent Colbert from interviewing a political candidate. And it wouldn’t require Colbert to send invitations to anybody. It would require Colbert to allow a competing political candidate to appear if the candidate demanded it.
CBS could decide they don’t want that hassle. Colbert could decide he doesn’t want that hassle. But the law as it stands doesn’t prevent the interview.
I actually remember when Reagan’s FCC decided to stop enforcing equal time. Plenty of people complained about how the change would ruin America. Now they seem to believe Reagan was right after all.