They should just say that algorithm is editorialised and needs to be subject to the same regulations as newspapers (fined for fake news, editor can lose his journalist status).
In some EU countries yes it is. You need recognised journalists that can be disbarred to report news. Exceptions exist for specialised publications, so science journals don't need journalists.
Newspapers can publish all the fake news they want. There's no special carve out for e.g. tabloids. The only constraint they have is they aren't protected by section 230, so they can be sued for things like defamation or libel.
The big one to me is paid content should be clearly labeled as paid content and should be skippable programmatically and in bulk. Things like product placement.