Do you think it's a conflict of interest when media companies are owned by the same groups that own the corporations the media talks about?

And should there be laws about it?

For example, let's say fox news and CNN (picking the main one from each side on purpose) are both heavily owned by Company A. Company A also has a massive investment interest in Company B, which is facing legal troubles, corruption, scandals, etc... Fox and CNN both produce news about Company B. Will the news be honest about Company B's wrongdoing, or will they deliberately mislead the masses? What's the solution?

Do you think it's a conflict of interest when media companies are owned by the same groups that own the corporations the media talks about?
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