WASHINGTON, Sept 19 (Reuters) - The chair of the Federal

Communications Commission rejected former U.S. President Donald

Trump's suggestion that Walt Disney ( DIS )-owned ABC should

lose its broadcast licenses over the network's moderating Sept.

10 presidential debate.

"The First Amendment is a cornerstone of our democracy. The

Commission does not revoke licenses for broadcast stations

simply because a political candidate disagrees with or dislikes

content or coverage," FCC chair Jessica Rosenworcel said on

Thursday.

The FCC, an independent federal agency, does not license

broadcast networks, but issues them to individual broadcast

stations that are renewed on a staggered basis for eight-year

periods.