Is it acceptable for a government to block media that it deems inaccurate or damaging under any circumstances? (social or cable)

With the massive earthquake and tsunami in japan, we saw outside media have a continuous impact on some of the nearby areas showing stores out of food far after the information was accurate, and generally inciting fear and panic. In reality, (in areas such as Tokyo), residents quickly realized that all of the food they bought up in the initial panic (and there was an initial panic) was going to go bad far before they ate it, and tried to get people to come over and eat some of their food. Outside news sources that were still being played inside of the country incited panic and fear, constantly showing stores out of food when it was only really like that for a short period after the disaster struck. With the recent riots in England, there has been talk of "[looking] at whether it would be right to stop people communicating via social media when "we know they are plotting violence, disorder and criminality. How one gauges this, and the steps taken to accomplish it is another issue entirely, but what i want to discuss is this:
Does the government actually have any incentive or right to filter its media if it deems it damaging and inaccurate, whether the claim behind it is its use to organize rioting, or merely because it is unnecessarily inciting fear and panic?

Image for post Is it acceptable for a government to block media that it deems inaccurate or damaging under any circumstances? (social or cable)
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