https://en.wikipedia.org/wiki/Godi_media
This is nothing new and in fact is a feature of having a for-profit 24 hour news media industry that thrives on advertising revenue and flourishes under emaciated regulation.
https://en.wikipedia.org/wiki/Fairness_doctrine
the repeal of the fairness doctrine in the United States means your television radio and internet news feeds are free to outright fabricate stories with impunity. commercial news means the product is tailored to the consumer, not congruent with the facts.
Treating the news like fresh water and clean air and exposing it to an ultraviolet level of regulation and rigor is the cure. You can still have private news agencies, they just cannot market or sell "snake oil" in the service of the dollar. Another alternative is turning all news into something akin to NPR, or having news "co-ops" that provide the service to their listeners for a fee.