I certainly hope it doesn't happen, but as these kids go in to adulthood an attempt to get in to college, attain employment, etc., having "Covington Catholic" on their college applications, job applications, resumes, etc. will always serve as a reminder to the smear that was perpetuated upon them. Again, one can't mitigate the consequences at this juncture, but I surmise it will have an effect on their lives going forward. Again, that's just my take, and you can disagree, so whatever.
Those who sat at their news desks and reported this misrepresentation still have their jobs, and at this point, with nary a consequence for their lack of professionalism. Again, you can disagree and that's cool, but a suspension or some semblance of reprimandation should be implemented.