This letter needs to be extended beyond media members to politicians and teachers and economists/financial advisers. Politicians need to make a list of every time they lied to the public, what the threats were, give back the bribe money or what's left, apologize, beg forgiveness, and explain the truth. Teachers need to publicly apologize for teaching a distorted version of history and leaving out civic responsibilities necessary to public participation in Constitutional government...and those who don't know they did this need to get out of teaching until they do quite a bit of study. As for those who advised their clients to invest in poor quality stocks and bonds, follow the herd and not fundamentals, who don't know what fiat money is or why it's essentially worthless, these probably need to get out of financials and go work for a living.
But beyond this, the general public must also realize that when your news media are sponsored by corporations based on a profit motive, ultimately the news will be distorted to support those profits, therefore, in future, news should be "for sale" and not "free", there should be no advertisements on media, whoever pays the bill controls the content.
And, sad to say, a step further is necessary. In the middle of the last century, it was well understood that Communism and Socialism and Fascism were incompatible with a free market economy and resulted in the destruction of capital, made countries poor, and made governments too powerful (and ultimate power corrupts ultimately, the pigs are always more equal than others). There needs to be a strong reaction to those in our society who supported these ideas. Too long have we labeled that "McCarthyism" when in fact https://en.wikipedia.org/wiki/McCarthyism) McCarthyism is the practice of making accusations without regard for the proper rules of evidence. However, now what is seen is the result of foisting on people a system that feeds on society and spouts lies. There is now plenty of real evidence, not just theory! The Communists, the Socialists, and the Fascists must go, never to return to government. Anyone vowing to be their apologists must go. We now need a rebirth of Liberty. Everyone should help that go forward or get out of the way (unless they really want to be treated like the Tories were).
And we need a rebirth of Morality. What we see here is what happens when a society tolerates lies or doesn't question and apply discernment.
But it is still only a hope this is all the case. Truth has not been unleashed yet; and until it has, what is certain is, there will either be a return to a Dark Age, probably accompanied by ultimately destructive war, or there will be a future of Light and Truth and Freedom and Justice. As Lincoln said, it will become all one thing, or all the other.