FOX News told reporter: "We'll tell you what the news is. The news is what we say it is."
Reporters Steve Wilson and Jane Akre were first asked by FOX News and later bribed, to downplay a story they had on a cancer-causing growth hormone called Posilac which is growth hormone for dairy cows which is absorbed by humans through milk. The reporters decided to blow the whistle on FOX News and filed a law suit. After the ordeal was over, it was discovered in the appeals court that it's actually not against the law to falsify the "News."
Video takes 10 minutes and is well worth watching.