That would include social media companies and search companies and also bar ownership by companies that have foreign investors, investments or relationships. facebook and therefore instagram have large chinese investment through several investment companies like vanguard and blackrock and I bet you would find that google, abc, nbc, and cbs are compromised as well
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a free press is essential to our republic and a bought and paid for press is a threat
A free press, per the Constitution, means the freedom to publish. The free printing press. It has nothing to do with the corporations employing "journalists" except that they make their living exercising that right. Well, so do authors. Technically fascbook and twatter are infringing on the people's press freedoms, not their their speech freedoms. But I digress.
There are only two kinds of news organizations: those who are paid for by their own audience, and those who are paid for by access to their audience. Both types carry inherent bias. The former is biased towards keeping your attention and support - it's not going to tell you things that you don't want to hear. The latter is biased towards third parties who want your money - it's going to hide things their advertisers don't want you to hear.
Is there any alternative? Sure. A collaborative citizen's surveillance state with no editorializing. Wikileaks is of this category. Your neighbor uploading a video of riots is too. What's missing is a centralized filing and recall system for the evidence as it's generated. The searches we have are messy trails to discover what really happened.