No, that's not true. Fox News is heavily criticized for it's unveiled and extreme political bias. Our channels are just giving into sensationalism, TRPs and tooting their own horns - which makes them crap, but not dangerous like Fox News. (And I am not saying that none of our channels have political biases - that's the nature of the media unfortunately - but none of them have a bias like that of Fox News).
(Amusingly, some people are so bent about it that there is actually a device available to block Fox News from your TV called the Fox Blocker!! ).