Nobody is going to successfully sue Coca-Cola for being fooled into thinking drinking Coke will get them a girlfriend or help them meet Santa. It's advertising. Everyone should be educated in school that marketing and advertising are free speech and cannot be reasonably expected to contain any trustworthy information at all, ever. The purpose of marketing is branding, not information.

You are correct though that news organizations can say anything as well. When deciding what to believe with journalism, one should take into account what claims are being made, the journalistic reputation of who is making the claims, and the weight of evidence being presented. Again, more information that should have been part of your education, but apparently our education system no longer functions.

Complete falsehoods can be illegal whether your an advertiser or a news organization.

But that's not what media literacy is about. Misleading media is rarely libel or advertising malpractice.

I'm pretty sure any company with around $11 billion dollars in operating revenue isn't going to care if they get sued for putting out false information.