Communication scholars and social movement researchers have long been concerned with the news coverage of social protests. In the age of digital media, concerns have intensified with the increase in rumors and fake news. This article focuses on these concerns and examines the politics of information during the Anti-Extradition Bill Movement in Hong Kong during late 2019. This article describes an analytical framework comprising the main concepts of political parallelism, normative disinhibition, and privatization of public communication. Within the framework, this study examines news coverage of the movement, recounts the processes of information dissemination during specific key incidents, and analyzes survey data on citizens’ media use and trust in rumors and fake news to illustrate the influence of media political stances on news coverage, the limits of such influence, the spread of rumors and fake news in the public and through digital media, and the influence of political attitudes and media channels on individual cognition.