Would conservative media and Fox News be more reliable if there was another mainstream conservative network?

[Mainland Mutt]

Although I am on the left for most issues, I see very good reason behind the opposing ideas on the right side (except when it comes to some social issues). There are many great debates to be had that could stimulate creative solutions. If conservative ideas have great rational support, why then do they have to be devalued through the delusions and fear tactics of Fox News and absurd radio stations?

If there was another conservative network and media outlet for conservatives, would the competition force Fox News and Republicans to tone down the propaganda? The free market, which Republicans claim to hold sacred, thrives on competition. Why is this not the case with their media? I believe that if there was just MSNBC for liberal media, then MSNBC would go from being biased (it already is a bit) to being just as absurd as fox! The presence of several liberal networks forces journalists to compete for the average moderate American viewers. Would a second Fox do the same? Or would it just double the potential for "Fox News junkies"?