Well, my apathy made me miss the big picture.
This is a network that censored South Park's 200th episode because of it being religiously inflammatory. Given the nighttime slot and the audience they court, this is also going to be inflammatory, just towards fringe-dwelling wingnut Christians instead of fringe-dwelling wingnut Muslims (it was also pointed out the show could potentially still anger radical Muslims, because they still honor Jesus). I have no doubt CC censored the episode out of fear that people's lives were on the line because of Muslim extremists. But there are just as many humorless Christians out there. I should know. My family and neighborhood are filled with them.
Admittedly, Christians will put up with a lot more humor and satire, but that doesn't change the fundamental hypocrisy of CC's actions. They are basically saying one religion is okay to make fun of because odds are good they won't be killed for it. If that's the only consideration, CC, who gave us the movie "The Hebrew Hammer," has no claim to the "edgy" and "irreverent" labels they seek.