A revival of the fairness doctrine?

Is this a good or bad idea in the Internet era? From a tweet by Dan Gillmor, as posted on The Hill:

Sen. Charles Schumer (D-N.Y.) on Tuesday defended the so-called Fairness Doctrine in an interview on Fox News, saying, “I think we should all be fair and balanced, don’t you?”

Schumer’s comments echo other Democrats’ views on reviving the Fairness Doctrine, which would require radio stations to balance conservative hosts with liberal ones.

Bad, I think. Especially if it is applied to new media! There are so many alternative mediums and so many channels it is going to be almost impossible.