"Contrary to some of the media reports that have been out this morning, the Supreme Court did not overturn the federal broadcast decency law, nor did it overturn the so-called fleeting explicative rule," Dan Isett, director of public policy for the Parents Television Council, told FOXNews.com exclusively. "The only thing that the Court found was that the FCC, in this narrow case, did not give the broadcast networks enough warning before enforcing this particular rule."

The court noted that the FCC is "free to modify its current indecency policy," while declining to issue a broad ruling on the constitutionality of the FCC indecency policy. 

According to the PTC, broadcasters had hoped that the Supreme Court's decision would free them from FCC regulation of all broadcast content. Instead, the court upheld its 1978 Pacifica decision, in which the FCC had reprimanded a New York radio station for airing comedian George Carlin's infamous "Seven Dirty Words" monologue.