"The EMFA (European Media Freedom Act) is "intended to help a pluralistic media landscape", but also contains problematic provisions, e.g. a requirement for online platforms to warn "media providers, who can be media outlets but also individuals, such as journalists [...] ahead of moderating their content and to give them a fast-track channel to contest decisions. Some lawmakers even suggest that online platforms be prohibited from deleting content by media providers before the provider has had a chance to reply. All this is highly problematic, seeing that disinformation is sometimes produced by media providers."
I'm sure some authorities in some countries will be pleased, i.e. state-controlled or otherwise non-independent media will be the "arbiter of truth".