Bias in news reporting significantly impacts public perception, particularly regarding crime, politics, and societal issues. Traditional bias detection methods, predominantly reliant on human moderation, suffer from subjective interpretations and scalability constraints. Here, we introduce an AI-driven framework leveraging advanced large language models (LLMs), specifically GPT-4o, GPT-4o Mini, Gemini Pro, Gemini Flash, Llama 8B, and Llama 3B, to systematically identify and mitigate biases in news articles. To this end, we collect an extensive dataset consisting of over 30,000 crime-related articles from five politically diverse news sources spanning a decade (2013-2023). Our approach employs a two-stage methodology: (1) bias detection, where each LLM scores and justifies biased content at the paragraph level, validated through human evaluation for ground truth establishment, and (2) iterative debiasing using GPT-4o Mini, verified by both automated reassessment and human reviewers. Empirical results indicate GPT-4o Mini's superior accuracy in bias detection and effectiveness in debiasing. Furthermore, our analysis reveals temporal and geographical variations in media bias correlating with socio-political dynamics and real-world events. This study contributes to scalable computational methodologies for bias mitigation, promoting fairness and accountability in news reporting.