This video TEDEd by Damon Brown offers a student-friendly explanation as well as strategies for analyzing news sources:
Pure fake news sites use fabricated stories to lure traffic, encourage clicks (click bait), influence or profit using intentionally deceptive, but highly intriguing, often sensational information.
Hoax sites also share false information with the intention to trick readers/viewers
Satirical sites present news with a comical, often exaggerated spin
Born digital images and edited images alter and often misrepresent visual reality
Adapted from School Library Journal