Fake news

Everyone is losing there mind over fake news. People are saying it is destroying our country because it it changing the way everyone thinks and votes even when there is no facts to back it up. They are also saying how it is so prominent in today's society that you can not even tell if something is fake or not without extensive research on the topic. On the other hand some people do not think it is as bad as everyone else thinks. Some people believe that fake news is only rampant on social media websites and that most people do not make there political decisions based on what they find on social media. So should everyone really be in a panic about this "fake news" phenomenon? I mean look at yellow journalism. That was practically fake news and we turned out fine. Or is this new era of fake news way more terrifying then the others because of the fast spread of information on the internet?