This assumes the goal of news is to be accurate. It is not. News exists to sell advertising and media advertising is presented in (i.e. TV, Newspaper, Website subscriptions). Funny thing is the news industry gets it right a lot more than state-controlled news agencies. The incentive is there - selling more - to take some huge risks to find big stories and report on the powerful, rich and elites bad behavior.
If you inject personal liability to journalism, the news industry is dead in six months.