Sorta? It’s complicated, and it’s important to note that it’s been repealed in 1987. And even in its hay day, its was controversial due to the government deciding what was fair, rendering free speech obsolete.
No when the government wants to silence media, they usually turn to clerical infractions, and fines for other reasons. And other harassment behavior. Sure they may do it to stations i want gone, but it’s still scummy.