News is either true or false or a mixture of. There is no such specimen as 'fake news'
'Fake news' is the term coined by those in power who fear the truth. People like Donald the Duck Fake News Trump.
And closer to home, people like you know whom.
To this specie of birds, any news that is critical of them is labelled fake news. Never mind that the rest of the planet know it to be the plain truth.
Rather than attempt to demonise and punish purveyors of so-called fake news, the guys in power who try to muddy the truth by labelling it fake news should be held accountable for purveying a lie.
Legislating against so-called fake news is a cowardly act. People who are confident and know that they have done nothing wrong have no fear of being the object of news that are patently false.
Only when you know that you have done something wrong would you fear news that carries the truth. And try to kill the truth from being told by labelling it fake news and punishing the truth bearers.
'Fake news' does not exist as a specimen.
'Fake news' only exits in the minds of the crooks and the corrupt in power.