Fake news is as much about how a story is framed. In the 1960's the term "conspiracy" was first used to discredit by the US government to silence critics of the Vietnam war.
Fake news is not about what is reported, but more often by what is not reported. In Amazonian tribes, indenture of relatives would be used to settle debts of a man. To us, such a money system is ludicrous, yet since 1674 central banks create fiat out of thin air, then expect people to pay interest in the form of taxes. This unsustainable system is the cause of the poverty disparities, lack of real productivity and the turning of citizens into debt slaves. The MSM refuses to discuss all the terrible consequences of such a system.
There is real truth, the MSM just wishes to keep from discussing it.