Even though I hate fake news and would be open to regulating or censoring it, in practice I can't think of any way to do so. Because who can we trust to do it? I believe the news is already fake beyond what people realize, not just with opinions but even some facts. When the media is fake with facts, it's often the government that pressures them. This includes not reporting facts that the government wants to hide. We only get to find out about fake news when "they" fight internally.
My unique interpretation of free speech is that powerful organizations (the government, the media, Microsoft, etc) should all be required to uphold the First Amendment and not censor others. But simultaneously the same organizations may have to censor themselves. When an entity is beholden to respect the free speech rights of the weak (individuals) it's automatic that the entity's own free speech rights weaken. But few people realize or accept this, thus inconsistency and vagueness throughout american law results in lawsuits over cake messages.