I used to go through phases in which I would feverishly watch, listen to, or read the news, thinking it was part of my duty as an American to be a well-informed citizen. But in my journey to become more frugal over the past few years I've attempted a thing called a news diet (or media-in-general diet) and, as I've gotten more used to lower media consumption, have found it very helpful to my state of mind.
In college I had this aggravating communist professor. While I still consider her "out there" in many ways I'd have to admit that she was right about one thing - modern news is still very much like it was in the olden days: sensationalist half-informed hyperbole that tends to promote hysteria instead of mitigating it. It's not much different from fictional programming that's designed to push you on an emotional rollercoaster purely for entertainment purposes. Conventional news outlets seem to only be a contributing source of stress in life. Living without it, or at least with a minimum of it, can be liberating.
These days I rely almost entirely on theSkimm, The Christian Science Monitor, and FactChecker.org to know about what's happening in the world. I've come to believe that relying on these written outlets for my nutshells of news has led to an upgraded personal radar for detecting red flags on questionable reporting, trolling by bored jerks, and fictional click-bait. It's also led to more freed up time and precious little brain space to focus on other things in life.
And, like other frivolous, distracting, and even stressful pursuits in life (too much TV/news/adverts, too much gossip, too much going with the crowd, etc.), relieving yourself of it helps with things like discovering what's important to you, the individual, and sifting out things in life that you realize aren't worth your time, money, or energy. Hence, more life, liberty, and pursuit of happiness.