In the modern society of today it is almost impossible to live without media and media literacy. Media has always been used for transmitting information, topicality and news from all around us. In this paper, the term media is defined as a modern means of converting a message into a form that can be sent through various channels. Apart from that, media represents means for mass communication in the world. The media shapes lives of individuals and society, it is present in all spheres of human life from growing up, education, entertainment but also mutual interaction. Today's modern society mostly lives in the rhythm of the media, which tells us how important and influential media is. The media experienced strong development during the 20th and the early 21st century. However, understanding the media and media culture requires an understanding of the media content, but also the importance of media literacy in modern society. In short, media content represents information that is organized by text, sound, and image. Media literacy is considered one of the key competencies of the 21st century. The development of technology and the emergence of digital media are mostly responsible for a significant change in the understanding of media content but also the expansion of media literacy in modern society. There is a multitude of media around us, but the most used media today are primarily the Internet, radio, television and newspapers. Modern society as we know it today is unimaginable without these four main sources of information and current affairs that are happening all around us. Fake news is news and information from the media that manipulate people's perception of real events and statements. The analysis of the survey in this graduate work shows how much the society is actually aware of and how often the society around us encounters fake news.