Both, although I don't give credence to the existence of "fake news", except for satire like The Onion. Sure there is bias and slant, but even today, reputable news sources are still required to corroborate stories, have sources, etc. I'm not talking about op/ed, I mean actual news. And if they get something clearly wrong, they are required to issue retractions or clarifications. That is the backbone/heart of "news". The whole "Fake News" bit has merely given license to people to label any news they don't happen to like as "Fake News", an incredibly dangerous precedent.