I'm not trying to suggest that the industry is not without problems, but the stories broken by NYT, WSJ, Washington Post etc. each day are assuredly not "fake". There are, on occasion, factual errors in a story. When it happens they issue a correction. They also do themselves no favours (IMO) by publishing absurd opinion columns alongside actual news in a way that devalues the overall proposition. And yes, they have biases, because there is no such thing as an entirely unbiased news report - that's why it is in your benefit to maintain a varied news diet from different sources. None of this means they are all "fake news".
I'm not particularly wedded to today's media outlets. If something new is going to come along and blow them out of the water, bring it on. But I'm yet to see an alternative that improves on what they offer. All I see is amateurishness (Reddit crowd sourcing the wrong identity for terrorists multiple times) and all-out propaganda efforts.