It also doesn't distinguish between reporting ("Dr. Bob says wet streets cause rain"), analysis ("Dr Bob says wet streets cause rain; is this accurate?") and opinion ("In the opinion of the columnist/author, Dr. Bob is an idiot who thinks wet streets cause rain! This is just yet another example of the violence inherent in the system, decaying the moral fabric of our system."
It also doesn't account for the Dunning-Kruger effect, or on Joe Q Public's near total ignorance on the subject of observational biases and dependency on anecdotes and personal experience.)
That "hypothesis" leverages Joe thinking some reporter covering global warming is "fake news" when it's been a cold, snowy week...to get Joe to think that reporting about current events or politics is equally "fake."
A reminder that a reporter who writes "Dr. Bob says wet streets cause rain" is not publishing fake news. It's reporting the fact that there is someone who said/thinks that. That is different from presenting their statement as fact.