The problem with the American media is not that we don't censor. Although that would definitely be an improvement, it isn't the best solution. The problem is that we fail to hold the media accountable when they're wrong, which occurs far too often.
The media in America is far too tainted by sociopolitical bias and agenda, far too often being "this is what I wish was true" rather than "this is true", and far too uncontaminated by truth.