I would argue that hyper partisan outlets like Fox which don't even care to try to be truthful has exacerbated tribal nature of US politics and reduced its ability to actually have any meaningful competition of ideas. Sure, having a perspective or ideology is fine but I think out and out lying should have consequences. I think you need a regulator preventing misinformation. Beyond that, having a point of view - which you can back up with reasonable argument - is to be desired.
Who would be the regulator? How would the regulator be chosen? How would information be determined to be misinformation? When something truthful is named misinformation, what happens? When a political group accuses this regulator of suppression, what then? When your political opposition gains control of the regulator, what then? How would this regulator also comply with the US Constitution, particular its free speech guarantees?
And now you are coming to the understanding that the first amendment is being weaponized against us. They're hacking our minds through emotions (especially anger) and imagery to further their funders corporate goals. I see no solution but having some regulation. They can be sued in the legal system for defamation, why not start with that as the bare minimum of conduct when reporting the news?
