In this essay, Angelique Haugerud provides an insightful analysis of what we now, sometimes uncritically, refer to as “fake news.” She then goes on to argue that our current obsession with “fake news” obscures something more fundamental—the financialization of the news industry in which profit eclipses the media’s role in contributing to the public good. In Haugerud’s view, this debilitates the mainstream media’s capacity to combat fake news and opens a space for the latter to enter the mainstream.