Scrubbing Video ruled as against U.S. copyright law

CBC reported that Axing sex, swearing from films violates copyright: court in a lawsuit by 16 U.S. directors against three Utah based companies that scrub films.

I found the quote from Michael Apted interesting in regards to "Unauthorized editing" and "passion about protecting our work ".  So, if a TV station edits a film to "fit" a time-slot, do they get permission from the copyright holder?  If they cut short a film or start it already in progress due to a sport time-shift, does that constitute an unauthorized edit?  Based on the quote, shouldn't the same copyright holders be concerned about this type of editing? oh wait, they're getting paid to have it shown, so I guess it's all right if the film is chopped to heck so a few more commercials can be added.  I'm not privy to the contracts between copyright holders and TV stations, so I'm just guessing.

I really want to read the court decision, which wasn't posted.  I'm hoping that the major fault on the scrubbers is that they were copying the media and returning back a different copy of the scrubbed media.

 Now if the scrubbers were able to return the original media (nigh impossible with DVD format), but with VHS format, they should be allowed to blank out portions of the original tape and return it.

An owner of a copyrighted piece end product, should be allowed, other than copying (lets not get into public display, how many is public), to do whatever they want with that physical content, even to the extent of destroying that content.

Let's say I was a private library owner and decided to rip out anything I found objectionable in my collection of books and then lend those books out.  I'm sure the copyright owners would object, but wouldn't that be my right as the owner of the books to do so as I please.  Don't get me wrong, I'm against book burning and such and have the right to voice my opinion, but so do the book burners have the same right in burning their  books in the first place.

What do we truly own, or do we license everything?  "Before hanging this painting on your wall, you agree to....