There is a published study called "A Question of Accuracy: How Journalists and Scientists Report Research on Hazards". They state in their conclusion
> Two-fifths of the news stories we coded had one or more statements that were “substantially different” from statements in the original research report
I found another study looking at 14 daily newspapers in the US titled which found the following result
> A survey of 4,800 news sources cited in fourteen newspapers provides a cross-market assessment of newspaper accuracy and the effect of errors on newspaper credibility. Sources found errors in 61% of local news and feature stories, an inaccuracy rate among the highest reported in nearly seventy years of accuracy research.