Is the News Business Real News?

Is it possible that the news or the news business has ever been real news? Because just correct me if i'm wrong, there was a time in our s american history when the big newspapers were owned by millionaires like hurst wiliam randolph. Why in the world would they give you the news straight if they didn't need to? If they could give you a slanted version of the news and completely get away with it? There's no penalty. And anybody with an economic degree would understand that. They'll say, they can do it. It would be greatly to their advantage. But then what about in the lesse the sixties? Just to pick an era, you