so a question about the whole "fake news" thing, how likely will it lead to government controlled and run news media and how bad do you think it will it be?
It won't end up like that at all. Let's look at what Fake News is, and what it isn't. Fake news isn't
misleading news from actual publications, it's not "spin" or "bias" either. FOX might be misleading, but if they mention an event or case, you can be fairly sure it
exists.What Fake News was, was
completely made-up stories designed to damage a political rival, then disguised by creating a bogus "news" website purporting to be a mainstream paper or similar. So it's pure propaganda / smear campaigns disguised as news stories, but not derived or linked to actual publications. It's basically like The Onion except designed to create fear and hate instead of laughs, and with a catchy headline designed to appeal to a target group and get them to repost it without looking into it's validity (people don't tend to closely check things they agree with).
The problem really started when Facebook stopped using human editors and started using algorithms. No surprise: the algorithms can't tell junk from news stories, so people worked out how to "game the system" to make fabricated stories trend, with headlines designed to damage political rivals.
The fake publisher is important: it hides the partisan nature of the source. e.g. if people want to make Breitbart stories trend on facebook, go for it. Everyone knows that Breitbart are a partisan news source. That's why these stories fabricate a "legit sounding" publisher that doesn't actually exists: to whitewash partisan smear campaigns as non-partisan "news".
So, no amount of legislation is going to fix this, it's a tech issue where the algorithms used for news feeds aren't smart enough to tell something written by a journalist (of
any sort) from the random babblings of a loon in their mom's basement. What's going to mitigate this is not laws, but Facebook or similar developing basic source-checker bots, which backtrack links looking for dubious websites, or can detect non-existent details in a story (such as referencing a non-existent town).
http://www.usmagazine.com/celebrity-news/news/college-kids-write-algorithm-that-detects-fake-facebook-news-w451791