"Shouldn't readers and viewers be the ones who decide whether they will get their news from Fox or CNN, from the Wall Street Journal or The New York Times?"
Right on, Shannon.  And besides these four, before deciding what's "fake" or "real," I sometimes also refer to Breitbart News, Raw Story, Huff Post, BBC, and especially Google.  i.e., I rarely totally trust only one one source for what is "news."