I have seen Otero’s diagram before. It is deeply flawed. It presumes that every news organization is consistent with their own beliefs. In fact, most of them deviate from their core editorial beliefs quite frequently.
Regarding news, we all have innate belief systems (whether you call that religion or something else is up to you). We read facts in that context. As such Otero’s static diagram of generic news reporting is overgeneralized. A proper diagram is something one would do with a particular news story and it is a matter of opinion based upon what relevance you assign to particular facts.
It is possible find a news story where InfoWars could have a reasonably centrist opinion (it would be a surprise, but it has happened). You also might find a news story where CNN competes with Mother Jones to see who is further on the left. That actually happened quite recently with the disclosure of that unverifiable “Golden Shower” report.
Sometimes, particularly with civil rights/free speech issues, you may notice that the extremes actually agree with each other (perhaps for different reasons, but the outcome is the same) and it’s the centrists who are full of crap.
Finally, I agree with you about the term “Fake News.” Unless you’re referring to the Onion, news isn’t “fake.” Inaccurate? Yes. Incomplete? Of Course! Ignorant? Probably. What would you expect from a reporter who swoops in from somewhere else, knows very little about the situation history, writes what they see, and then leaves for the next assignment?
The term “Fake News” is used by those who seek to promote their own point of view as “Truth!” It is an indication of someone who is trying to squelch opinion and thought by calling a report “fake.”
I have very little patience with those who call other news reports “fake.” Such terms are used as a tactic of tyrants, thugs, and dictators since time immemorial. Read everything. Truth is where your powers of reason and world view find it; not the intermediate source. You are not supposed to “trust” the media. You are supposed to criticize it and check it.