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The U.S. government has not really "controlled" broadcasting. Their efforts have been largely to prevent individuals from taking over too much of the public spectrum, to avoid a monopoly over broadcasting. Beyond that, they have taken little action regarding what was broadcast.
In fact, the only downside to the present system is that they haven't done a good enough job at it, allowing major corporations to buy up more and more affiliates in TV and radio, and thereby lessening the variety of programming (and limiting who has a say over what is deemed appropriate). Look at the serious loss of variety in radio, nationwide, thanks to the vast ownership of the bulk of the affiliate radio stations by only 3 corporations.
If anything, I'd like to see the government step in and try to encourage a unifying e-book format and delivery system, on the grounds that such a measure would enable more of the population to get access to more information at a lower cost. But that's another discussion...
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