What is Fake News?
Unlike satire news, which is often hosted by parody websites (think The Onion) and makes light humor of current events and people, fake news has the intention of disseminating false information, not for comedy, but for consumption. - Alvarez, Barbara.
Types of Fake News
There are four broad categories of fake news, according to media professor Melissa Zimdars of Merrimack College.
No single topic falls under a single category - for example, false or misleading medical news may be entirely fabricated (Category 1), may intentionally misinterpret facts or misrepresent data (Category 2), may be accurate or partially accurate but use an alarmist title to get your attention (Category 3) or may be a critique on modern medical practice (Category 4.) Some articles fall under more than one category. Assessing the quality of the content is crucial to understanding whether what you are viewing is true or not. It is up to you to do the legwork to make sure your information is good.

What makes a news story fake?

How to Spot Fake News: Consider the Source, Read Beyond, Check the Author, Supporting Sources? Check the Date, Is it a Joke?, Check Your Biases, Ask the Experts.
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Thanks to KT Lowe at Indiana University East for some of the content on this guide.