.... The press release gleefully embracing the chilling effect created by the FCC's statements — "regulat[ion] by a 'raised eyebrow.'" It stresses that broadcasters "fearful of delays or even failure to renew licenses" are pressured to restrict speech "without the need for formal actions," partly because such delay "can hang like a Sword of Damocles" over the station and keep it from being sold or from borrowing money....