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[–] Spaceballs-1 0 points 3 points (+3|-0) ago 

The obvious implication for entrepreneurial news organisations is that they must do their utmost to adhere to both ethical responsibilities and legal requirements – not just because it’s the right thing to do but also because their own future depends on it.

It's clear that they are willing to ignore a "code of ethics" if there is some financial gain available, then what better way then to assure that "Journalists/bloggers" don't fabricate their stories than to make them liable?