Real Journalism is discussing the situation on its own implications, merits and demerits, and presenting options and explaining their pros and cons.

Agreed

The whole "both sides" reporting is an artifact of it being Propaganda in a system with a Power Duopoly

Both sides is a falacy since for most human subjects it's incredibly rare for there to be only two options.

'Both sides' is also a shorthand for both or more. I like your description of "discussing the situation on its own implications..." but I think it's common in human discourse to frame things in two main perspectives and discuss from there.