No we need a Democratic Party which is savvy to the state of public discourse. Dems need deferential hacks like Schumer to step aside and let the AOCs and Newsoms take the lead. And those leaders need to direct their money men to utilize the never-Trumpers and fight to fucking win, rather than running plays from Tom Herman's Playbook for Winning is Hard with a 2 Point Lead. Flood social media and create soundbites that the networks can't resist running. Stop waiting for events to create favorable news cycles, and create them for themselves. In short, stop being everything we know Democrats to be since Reagan put them on the defensive.
Also, the Fairness Doctrine would not apply to NewsMax, Fox News, OANN, etc., because they are not licensed by the government to use a certain frequency. Red Lion v. FCC cemented the FD's constitutionality* because of that distinction. Miami Herald Publishing Co. v. Tornillo clearly ruled that the FD or any analogue could not be applied against the disinformation apparatus of the modern GQP.
* Besides, you know the Roberts court would just overturn Red Lion, given the chance.