People might call this some form of censorship but I don't know that it is. The headline I read last night said the FCC put pressured on ABC to do this?To me, this looks more like a business decision.
The FCC weighing in does make it dicey, because the First Amendment only applies to government actors. But in terms of ABC, Disney, etc. firing him over speech, that is absolutely not a free speech issue. Unless they were pressured or ordered to do so by the federal government.
Fear of offending the advertisers.
Probably. I'm not losing any sleep over it. I don't watch his show.