Fair and balanced?

The headlines this morning were about UK Prime Minister Tony Blair and US President George W Bush making a public acknowledgement that they made mistakes in Iraq. Now this is something we had know all along and its taken them over 3 years to come to this conclusion. And what is the solution..more of the same.
What really threw me off was the coverage of this news conference. After watching the BBC which covered the two issues of the conference; the mistakes in Iraq and the Iran issue, I turned over to FOX news (US cable station) to see how the story was covered. Bear in mind that the mission statements for fox news is "fair and balanced news" and "we report you decide". There was absolutely no mention of the fact that the two leaders had admitted mistakes in Iraq. Instead the focus was on Iran and the fact that the letter from Iran's presidentt to President George W Bush offered no new solutions. Now correct me if Im wrong but is that fair and balanced reporting? Hell no. The worst thing is that 11% of americans believe that FOX news is the most trusted news source, and that's roughly about 30 million people in the US alone believing in this american conservative propaganda machine. I don't mind you being liberal or conservative in your news reporting just don't then claim to be fair and balanced. Then again reading up on the history of the channel one shouldn't be surprised.