Yes, some standards need to be set. But I think something like the Hays Commission would ensue. They tried to clean up Hollywood and in so doing they set up their own propaganda machine, which in turn stifled a lot of artistic talent and concepts. So, it has to be done right.
The problem is Trump has made even facts questionable. And a sizeable chunk of people look to the Bible as the only fact. Yeah, there's a lot to untangle here. But then we do it in a lot of other things like football and business, so just nut up and put groups in categories and have them abide within a set of rules to stay in that category. That would separate ONN and Fox from actual news reporting agencies. And once those standards are set, then maybe MSM starts to lean harder back into the facts and away from the MTG type carwreck sensationalistic reporting they feel they have to provide to compete with Fox and that ilk.
I think back to the day when you stood in line at the grocer and could choose from Time, or LIFE or tabloids. We used to thumb through the tabloids for the amusement and take home a Time of Newsweek for the real truth. Somehow, we need to bring back that basic knowledge of truth from bullshit. Why is Snopes so highly regarded? How do we bottle that?