Yes it does because the people hope scarcity aspect of the explains why the FCC could act as a gatekeeper at all in saying some companies could broadcast and others couldn’t. If radiowave frequencies weren’t finite such that broadcasters could broadcast their signal without interfering with …
other broadcasters, Congress wouldn’t have and couldn’t have seized the airwaves to license broadcast stations to say one company to broadcast and other couldn’t. Just like they can’t require licensing agreements f newspapers and act as a gatekeeper to decide who could publish and who …
all FCC authority and justification for such authority results form that scarcity. Without the scarcity and without the licenses from that, the FCC could not justifiably decide who could own such stations.
The holding in Red Lion doesn’t apply here but the history discussed and the rationale applied in that case due to such history absolutely applies here.