The CBC reported that the CRTC bill that would have allowed false and misleading news has been quashed. Thankfully, news agencies are held to a higher standard than individuals, at the expense of free speech.
Programs that present sensationalized versions of events shouldn’t be called news. The Daily Show and The Colbert Report are such examples. They don’t claim to be news, which distinguishes them from Fox News and similar programming.
The difference can be illustrated with an old quotation (as I remember it). Jon Stewart was talking with a couple of CNN newscasters, whom he criticized. They fired back about some of the material he presents. His retort: “You guys are on CNN. I’m on Comedy Central. The show that leads into mine is puppets making crank phone calls [Crank Yankers].”