Common meaning:

Presenting both sides of an issue.

Hidden meaning of the Equity religion: 

Only the Equity viewpoint on a subject is allowed, with all other opinions being banned.

Discussion:

From the Equity perspective, being balanced is hearing from a number of oppressed groups and how they have suffered. Since all ideas that do not align with the Equity faith are false they should not be mentioned, and if someone does declare these heretical ideas, they are just spreading lies.

The faulty logic that balanced reporting is achieved by engaging in unbalanced reporting, is astounding. This insanity is accepted on faith by believers in the religion of Equity. 

It is important to understand that we are not talking about political viewpoints here. The faithful believe that just hearing the words of a non-Equity argument causes damage to members of vulnerable groups. For believers, this is a battle with monstrous evil and allowing its message to get out is morally wrong. All evil talk must be eliminated.

When a society is converted to a radical religious faith like Equity, any commitment to fair and balanced reporting goes out the window. Now is the time to stand up for truth before it becomes too late.