Bingo. Alternative media is flourishing because the MSM has utterly fucking failed. True investigative journalism is dead.
Canada has a law which makes it illegal to broadcast false or misleading news. Seems to work pretty well. Sadly, this is unlikely to ever happen in the States, because MUH FREEDOMS OF SPEECH!
Freedom of speech has limits. Just like you can't yell "fire!" in a crowded theatre, you shouldn't be able to label yourself "news" if you knowingly lie. Just my opinion of course.