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The capitalist argument is that the market will decide, and biased media will go bust.
Alternatively, you legislate and have some level of quasi-government control over what the media says. I trust the government less than I trust the media.
Personally, I prefer the British media to the US. There's obviously still bias but it's not nearly as blatant.
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Bullshit. Journalists have a sacred obligation to validate what they report.
They do that and they're not going to be able to keep the lights on.
I'm not defending the practice, just pointing out the financial reality. If you're not first, no one's going to read your article, see your ads, and in effect, keep you employed. It'll only change once enough of us demand something else.