I don't know if I'd go as far to say that Fox News is the only News Source that reports "Fair and Balanced".
In fact, there are no mainstream news sources that report news events, without over-dramatizing them or "spinning" them.
When ratings mean everything and accuracy or "fairness" of the news means little, you cannot expect any news station to fairly report the news.
News agencies are going to report what sells. In today's society, where everything is over-dramatized and where Hollywood is easily confused with reality, news agencies have had to adjust their reporting and broadcasting to cater to what society desires.
Very few people want to see news only about all the good things going on in the world. People want to hear about the bad things, with one or two good things mixed up between. Make the bad things seem even more dramatic, and you've got a captivating news segment, which grabs the audience. That's not to say that people don't enjoy "good" stories, or those with happy endings, but "bad" stories ellicit a different type of emotion from many people, which ultimately causes them to continue to tune in.
Some people say Al-Jazeera is one of the only news agencies that fairly depicts what is actually going on. While I really don't tune into Al-Jazeera or read it online, I really have a hard time believing this, as they have such a following, especially in the Middle East, that they must have some sort of agenda to follow.
What I do is read various American, and European news sources, and compare their stories to try and get a better "bigger" picture of the real facts.
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