In a comment to the agency posted on Tuesday, CBS stood behind Colbert's joke-filled rant that included a remark about how the only thing President Donald Trump's mouth is good for "is being Vladimir Putin's cock holster."
"The Late Show, like all CBS news and entertainment programming, is entitled to the full force of the law’s safeguards for protected speech," stated the network's comment. "The broadcast in question was not indecent, let alone obscene."
The broadcaster makes another point beyond safe harbors.
"CBS bleeped and obscured Colbert’s mouth at the point where Stolz alleges that Colbert uttered an obscenity so that a viewer could not hear or even lip-read what he said," writes CBS' lawyer. "Thus, the allegedly obscene expression was never broadcast."

So why is it now coming up?
THR reports the FCC is reviewing the transfers of licenses in a merger between CBS Radio and Entercom.
One of the objectors is Ed Stolz, the head of Royce International Broadcasting, which owns some radio stations in California. He has filed a petition to deny, but after the controversial Late Show episode aired — which led to a #FireColbert backlash on social media — Stolz requested the opportunity to submit new information based on what Colbert said.
Specifically, Stolz pointed to a footnote in a 1986 FCC policy briefing that stated, "The Commission acknowledges that there may be circumstances in which an applicant has engaged in nonbroadcast misconduct so egregious as to shock the conscience and evoke almost universal disapprobation. Such misconduct might, of its own nature, constitute prima facie evidence that the applicant lacks the traits of reliability and/or truthfulness necessary to be a licensee, and might be a matter of Commission concern even prior to adjudication by another body."
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